@ww13, I agree in general but this is really a 3/1 950sft home with low roof and single car garage. Your buyers are not looking for this spec. . And @sfdragonboy and I seem to agree
Also my 100k statement is very vague. I always believe in bringing the property to the avg home size/remodel that the neighborhood can take. . I wouldnāt like to be the guy that sets the comp for the neighborhood.
That developer who did the complete new home that I am asking you about if you saw it said that area is destined for greatness with the recent new remodels. I agree with him!!!
@sfdragonboy I havenāt checked out recently but i saw the prime builders project that you spoke about, I am sure if listed for wil go for 1.1M provided he expanded the home to 2000 Sgt.
I might have to check it out today :). The jump from 950 sqft to 2000 sqft is big and will trigger a lot of additional expenses - school/impact fees, fire sprinklers, shear walls, etc.
Let your neighbors do the work and reap all the benefits.
Btw, whack a mole is wrong. Iāve seen it happen on professional jobs.
I am a serial flipper. But just let the market do the heavy lifting. We need more cheap starter homes and less overpriced flips. Of course put lipstick on it. But why bust your ass over improving. Basics paint carpet landscaping staging will give the best ROIā¦ $100k that returns $110k
Aināt worth the effortā¦
No, in my estimation, a 100k investment may not be necessary. I am thinking maybe a 50k spend to incorporate the garage space into the living space would be an easy way to convert to 4/2 from 3/1. That should give me a good bang for the buck right?
Dang, @RealEstatebull, if you had a property on this side in San Bruno or Millbrae, I would trade with you the Fremont project and give you the rest in cash or whateverā¦ I wouldnāt expect a deal and would pay you a premiumā¦
My 100k would include adding 200 sft and making it a 4/2 and upgrade the gravel roof to a regular shingle roof. Improve the curb appeal, stucco the exterior.
Yes, the plan would be the sameā¦exchange to another home on this side that we can move in and live 2 out of 5 years. Thank God the law did not change!!!
Rememberā¦ no inventory of 1m and under homes in decent, local areas like Fremont where techies would consider and have money to buy. Winning formulaā¦