Our home is on the market and was listed 3 weeks ago. We have a 4/1 and our realtor knows that my husband is very handy. They think we should flip one of our bedrooms into a bathroom quickly. We have only lived here for 16 months and have very little equity. We are moving out of state and think need every penny we have to be able to do so. Is this a wierd request. I understand what they are saying when people search they normally look for a 3/2 but I just don't think we are able to do this. Any suggestions of what we tell them? The market is very tight here but I think we will have to wait it out. Any suggestions on promoting the 4/1?
A 4/1 could be a tough sell, especially in a tight market as you say yours is. However, you have only had it on the market for 3 weeks. The past three weeks are typically tough for real estate: right after Christmas and the New Year. It is not a time when a lot of people are out searching for a home. Give it some time if you want. The additional bathroom is a good idea. You just have to decide if you want to make that investment. How many months of payments will it take to cover the cost of adding a bathroom? That may help you decide. Best of luck!
Bought a house as an investment that sat for 11/2 years with two top real estate brokers marketing it. Bought it low because the owners were tired. I toyed with rehabbing it completely as a 3/1 and reselling it but after talking to people who didn't buy it because it only had 1 bathroom I am adding a bath
reluctantly.
No one wants a 3/1 in our market and all of the county assessor comps in the area are 3/2's. If your husband is able to frame, plumb and wire (and move ducts) in record time I'd say it's a good bet it'll improve your odds of selling your house. A small mid level bath is going to cost 6-10k however. That's a alot of money to maybe improve marketability. See if you can't get another opinion.
Toilet $200 (nice toilet)
Vanity $400
Top $150
Faucet $100
2 piece shower/tub unit $300
Faucet for shower $150
Flooring Vinyl $1/sqft
1/4" flooring .50/sqft
Drywall for around the shower $70
Material for framing $50
Plumbing material $300-$400
All in all you could redo a bathroom, without doing your own work for roughly $3000 if you are smart about it.
that's having to frame one in and start from scratch. I agree you ought to be able to do replacement with materials you list for that. In a master everyone here wants tile or cultured marble sides. Surrounds were good for awhile but you definitely see less of them.