Small 2 bed 1 bath, or large 1 bed 2 bath
Hi all,
Im about to close on my first flip property and am trying to decide between converting the property into a true 2 bed 1 bath, or keeping the property as a 1 bed 1 bath, but opening up the walls to have a large open plan living space.
Tbe property is a duplex with ~800sq ft in each unit. No room to add extra sq footage. I know for a rental property a 2 bed 1 bath would demand higher income, but as a flip for a new investor to purchase, or somebody to house hack, which would be more desirable?
if I keep it as 2 beds then the kitchen and living area would be pretty small, but if I removed a bedroom I could open up the whole front area and have a really nice and welcoming living space with a decent sized bedroom at the back. The layout in each unit would be indentical.
Any input would be greatly appreciated!
Most Popular Reply
The resale value and the rental value are higher with the 2-1 than the 1-2. So with that, if it were my investment, and speaking from a CA investor, the 2 bed 1 bath would be my likely decision. That said, you should double check resale values in your specific neighborhood for these to verify I am correct.