realtygeek
New Member
I originally posted in the wrong Forum, so my apologies for the duplication.
I'm hoping to get everyone's perspective on a challenge I'm faced with...
Background: I bought a 3 storey duplex (semi detached) a year ago with the intention of continuing to rent out the top floor apt while I lived on the main floor and basement. After being unnerved by the shared front door opening at all hours of the night I realized that having a tenant may not be the best thing. I've been now living in the house on my own, however as you can imagine 3 floors plus a basement is alot of house for one person! I've decided to sell in the spring.
Challenge: Will resale value increase if I convert the duplex into a single family house? It would involve renovating the second floor kitchen and bathroom into one large bathroom and closet...an undertaking I'm not too keen on. Or should I try to sell it as an income property?
Hopefully I've provided enough info. Thanks in advance for your input!
I'm hoping to get everyone's perspective on a challenge I'm faced with...
Background: I bought a 3 storey duplex (semi detached) a year ago with the intention of continuing to rent out the top floor apt while I lived on the main floor and basement. After being unnerved by the shared front door opening at all hours of the night I realized that having a tenant may not be the best thing. I've been now living in the house on my own, however as you can imagine 3 floors plus a basement is alot of house for one person! I've decided to sell in the spring.
Challenge: Will resale value increase if I convert the duplex into a single family house? It would involve renovating the second floor kitchen and bathroom into one large bathroom and closet...an undertaking I'm not too keen on. Or should I try to sell it as an income property?
Hopefully I've provided enough info. Thanks in advance for your input!