Real est value question. Adding bath on concrete slab for plumbing. Should I? (Page 2/2)
sourmash JUL 07, 05:20 PM

quote
Originally posted by maryjane:Is the local market appetite that much greater for 4/5 bedrooms vs the current 3 bedroom homes?

I am seeing 4-5 bedroom homes sit on the market much longer here, while 2-3 bedroom homes in the same neighborhoods get snapped up at a pretty good rate and at what I would consider high prices. (Residential pre-owned home market is beyond booming here)

How much would the additional bedroom(s) and bathrooms increase the property taxes for a prospective new owner?



I'd think both are highish demand. But with the 5th bed, maybe not. I'll need to consult a local realtor (several).

I'd think it would bring taxes up to neighbor's standards since so many have added them by now.

Yeah, it's realtor consultation time.
sourmash JUL 07, 07:48 PM
Well, I was reminded that there is something in the slab under the Christmas decorations behind the totes and zoinks, there it was. It's a 4" closet bend for a toilet with ancient plastic and rags taped over it. All these houses were by one builder and it explains how all the other houses have downstairs baths too.

But it doesn't address the original area where the cloggy drain is.

[This message has been edited by sourmash (edited 07-07-2021).]

Raydar JUL 08, 07:29 AM
Regarding all the additional stuff...
It really depends upon where you are, whether the improvements will be worth the trouble.
We sold an 1800 square foot house, over a full drive-under basement, for over our asking price. It hit the market on Friday afternoon. We had four offers by Saturday night. That was 16 months ago.
Do some research. See how many homes there are in your zipcode, with stats similar to yours.



quote
Originally posted by sourmash:
But it doesn't address the original area where the cloggy drain is.




You might have to have it "snaked". They also can run a camera down, to look around. Not inexpensive, however.

[This message has been edited by Raydar (edited 07-08-2021).]

blackrams JUL 08, 08:18 AM

quote
Originally posted by Raydar:

You might have to have it "snaked". They also can run a camera down, to look around. Not inexpensive, however.




Had that done last time I saw my doc. He strongly recommended to complete the "Prep" prior to the next exam.

Rams
sourmash JUL 08, 11:30 AM
Called one place about camera work but he said the pipe was too small.
maryjane JUL 09, 01:16 PM

quote
Originally posted by 2.5:

These days seems like sellers get multi bids regardless.


Almost certainly, with each successive one topping the last one, if the market elsewhere is similar to what I see here.
It may vary state to state, but here, outside of discrimination laws/statutes, the seller is under no obligation to accept the 1st bid that meets asking price, or any other offer for that matter.
I saw a young couple get very upset that I did not accept their offer of asking price about 6 years ago on a rural parcel I had up for sale. It ended up, within a few days, of selling for nearly twice what I had originally asked for it.



maryjane JUL 09, 01:23 PM

quote
Originally posted by sourmash:


I'd think both are highish demand. But with the 5th bed, maybe not. I'll need to consult a local realtor (several).

I'd think it would bring taxes up to neighbor's standards since so many have added them by now.

Yeah, it's realtor consultation time.


It's rare to see 4-5 bedroom homes around here, unless they are older rural homes that were built back when people needed large #s of kids to help 'work the land'.. and there are few of those left here any more.

(we are blessed/cursed with a huge influx of urban flight buyers from the Houston metroplex area)
sourmash JUL 09, 06:12 PM
White and Black families are smaller for sure. Home offices have gotten important, though. Yeah, five and more bedrooms won't have as much of a pool of buyers. Four and an office 'sounds' attractive to me for a familie.
Unless you don't want your adult children coming home. Hmm, downstairs kitchen?
fierofool JUL 10, 01:15 PM
On one of the cable tv renovation and flip shows, someone said that bathroom and kitchen renovations/additions are the most profitable for increasing the value of a home. In-ground pool is the top loss leader, investment for return.
sourmash JUL 10, 09:45 PM
And I need to.do the kitchen too.