Hello fellow BP pros,
I am looking for advise on how to increase size of the house -build up or down or going wide?
it is small one-level rancher style house with big lot and lots of crawl space...what would be the best way to use money:
1. Build up - build dormers /second floor?
2. Make crawl space into full size basement?
3. Build master suite as an extension to the house?
What are the pros/cons? Any suggestions?
I think this is a really site specifically question. Is there potential for storm or flood? How much engineering is required? I like to go out but have gone up where it made sense to. In going up it was due to the roof line and there being an attic space.
Adding a room on by going out needs to consider existing configuration and aspect to enhance flow and comfort of the layout.
With a big lot then going out seems the most obvious solution but what are other homes like in the area? Where are the prevailing winds, hills, waterways and trees? What else can be done with the land?
How difficult to do number 2 -make crawl space to full basement? I am considering it, it seems much less work. may be I am mistaken.
Is this your primary residence? In michigan it never makes sense money wise to go up or down on anything, its just to expensive you will never get a return. If its your primary and you never want to sell do whatever you want.
Some states it makes sense to go crazy, but its never pencils out in michigan. Just my 2 cents
@Tatyana Baytler have you checked with the local Building Department? The ordinances will include parameters on what can or can’t be done. However, if the crawl can be turned into living space, that may be the way to go. A buddy of mine just finished one like this in Georgia. It created another stream of income for the owner.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you