Strategy I'm considering in Florida market.
Hey everyone I have a question to ask some experienced fix flippers or developers. Does anyone know of restrictions of taking a property like this and dormering it to literally copy the 1st floor plan and copying it on a 2nd story. Either having this as all part of 1 house or creating a 2nd entrance and making it a apartment/ adu
My thought process is this house is a 3/2 1600sqft for 289k. If I doubled this it should fetch double I'm my mind. A full dormer can be done in ny for 290-300k. Labor costs should be less in Florida than NY. So does this seem like a feasible plan? Does anyone currently do this. My realtor said she was unaware or thinks it would qualify as a multi family unit. Even if that was the case and you could only do this in multi zoning. Why couldn't you do this and make 50-100k when you refi?
