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Rehabbing & House Flipping

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Vi Tran
  • Accountant
  • Upper Darby, PA
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How much value will it add

Vi Tran
  • Accountant
  • Upper Darby, PA
Posted Aug 5 2008, 11:05

I own a triplex right on West Chester Pike in Upper Darby, PA (2 units on the first floor and 1 unit on the second floor)

The basement is ground level. Should I renovate and put 2 additional bedrooms in the basement. If I turn the basement into other apartment units, do I need to get a U&O.? What if I am the one who live in the basement? I really don’t want to deal with the township again.

Also how much value will it add to the property if I can put an extra bathroom and kitchen? Is it even worth it to spend $25K in renovation if I can only collect like $500 in rental? Can anyone get me some comps for triplex in the Upper Darby area? I will give you the direct address if you email me.

Big thanks

Vi

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