All Forum Posts by: Alexander Milinski
Alexander Milinski has started 1 posts and replied 2 times.
Post: Are more rooms better? Trying to add a room during rennovation.
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Originally posted by @Joe Splitrock:
@Alexander Milinski closets and kitchens get you money too. Squeezing more people into a property may get you more rent, but also gets you more wear and tear. Property value is mostly based on square feet and making a kitchen smaller could actually end up reducing value. I would only add a bedroom if you could take the space from a large family room or add on. Also be aware if you have three bedrooms, you should have two baths. You don't mention how many bathrooms you have.
Thanks a lot for your response @Joe Splitrock
I do not have a 2nd bathroom although this is not common where I live (Poland). Ive seen even 4 room apartments have just the 1.
When you say property value, do you mean rental value is also based on square feet? Because I could also have a massive kitchen/ living room hybrid and keep the 2 bedrooms. My thinking was that as no one would rent out the living room it would make less.
Post: Are more rooms better? Trying to add a room during rennovation.
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Hi,
I am looking to rennovate a property I inherited/bought out, and wanted to ask if it is generally worth taking the opportunity to create an extra room.
With the logic that 3 rooms would make me more on the rental market than 2.
My current 2 room setup includes a sizeable hallway with closets that I see as a bit of a waste of space -16 sqm /175 sqft.
I have the option of destroying the closets and using the space to create a hallwaykitchen. It would be without windows and the first thing one sees when entering.
However I could then use the space where the kitchen currently is to add a 3rd room.
Would more rooms generally be better since I can rent to more people . Or are there other things I should consider and 2 rooms be enough if I can use the space differently?
Thanks for the help