Fort Collins, CO · Member since 2019 · 158 posts · 117 votes
6y
Hey @Matthew Auletta, if you have room upstairs for laundry hookups, or space in the garage I would definitely do it. Of course it will impact the rent-ability of the property, but depending upon what else is on the rental market at the time it may not be a big impact. How about stacked laundry units?
You should do your due diligence and round up a boatload of comps in the area. Check out this one in your neighborhood:
Rental Property Investor · Holbrook, NY · Member since 2018 · 16 posts · 3 votes
6y
@Flash Alexander thanks for the input. I'm going back to the house today so I'm going to map out to possibilities of adding laundry upstairs or in the garage.
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
6y
So the basement has one bedroom and two full bathrooms?
Living above/below someone in a single-family home will reduce the rentability. Lack of laundry will, too. I would steer clear unless this is a really good deal.