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 My Real Estate agent wants me to write a good faith check for a house I want to make an offer on.?
Is this common to write a good faith check,He was standing his ground and did not want to make the offer without the good faith check.Shouldn't he atleast grant my request,to see what happens,a ...


 Landlord illegally subletting housing association house, now faced with eviction, help!?
My fiance and I have been privately renting a house for 3 months now, and 3 days before christmas, a lady from a local housing association knocked here and informed us we were illegally subletting ...


 Is it ok if i i move into a bad neighborhood? ?
im 23 never been on my own. i always wanted my own place. ive been accepted to move in an section 8 apartment. they told me i can move in this sometime this week. i really want my own place. ive been ...


 Applying for a loan for a second house.Can I put in the presumed income I will get renting out my 1st home?
I own the home I live in right now. If I want to buy a second home to move into and rent out the one I am currently living in, how would I show this on a loan application? Currently my home ...


 What do financial people think will happen to house prices?
We are thinking of cashing in our savings including ISAs to buy a second home, due to the dreadful savings rates. We would use the second home as a holiday home, would not want to rent it out.
W...


 How do I evict squatters?
My grandmother passed a year ago. My brother and sister and I were the only living heirs to her estate. The home is still in probate, with me being the legal representative. My brother and his wife, ...


 Do you think offering 200k will be considered?
this house has been for sale for about a month (in Michigan) with the economy being so bad and houses not selling, I was wondering do you think the seller would expect 200k cash offer. Well, would ...


 How long before I can reapply for a home loan?
I was recently told because of two items on my credit report that I would not be able to get a home loan, they said once they were off, to reapply. If I pay them off next week, could I reapply then, ...


 Does anybody has tips for first time home buyer who has filed bankruptcy?
I am in the market for a new home and earn 30k a year i live in the state of illinois....


 Will my house price decrease by turning a small bedroom into a bathroom?
I have recently purchased a terraced property where the bathroom is downstairs, upstairs there is 3 bedrooms although one is quite small and located off the main bedroom, if I turn this into an ...


 Does a washer and dryer typically stay with the home when you buy a house?
the realtor said he was gonna ask if the owners to leave the appliances. does this include the washer and dryer? he really only talked about the kitchen appliances so i was ...


 I was mislead by my realtor was what they did illegal?
I recently entered into a contract to purchase a home. When we made an offer my realtor talked me into raising my bid because she said there was already one offer being presented at the same time as ...


 My apartment lease forbids installation of air conditioning units?
Does this include portable air conditioning units? There is no installation or change to the walls or windows. Electricity is included in my rent....


 Is it possible to buy a house on benefits?
I have heard that it is possible to buy a house on benefits, is this true?
Additional Details
My rent is £825 per month. Housing benefit pays £700 of this leaving me a short fall of £1...


 Are you worried about not owning your own property?
Hi

For those of who who aren't on the property ladder yet do you worry about not owning your own home?

I worry because i'm 26 my boyfriend is 27, we have a baby and ...


 What rights do i have as a tenant?
For example: the landlord/housing association coming in to rewire house. And my decorating will be defaced. Am i entitled to compensation?...


 Is it necessary....?
My husband and I plan on starting business in real estate investments. Is it completly necessary for us to have a professional business plan written up in order to receive funding?...


 My landlord lives in a flat underneath me as i am not working the dss pay some of my rent?
if it is late or changes he waits for me to go out or come in and demards tha i sort it out stright a way some times if i turn on a tap or flush the loo he bangs on my demarnding i see him if idont ...


 Eviction of tenant, UK law?
I have a tenant whio has missed payments for the past 2 years although they do 'catch up' eventually. I presume I have to give them 2 months notice to leave. If they ignore this, what is ...


 I have been "nice" to renters, but now they havent paid for 4 months, what would you do? I am new to this game
...



~*Mrs. GM2*~
We're thinking of adding onto our house, but would this make a wierd floorplan and negatively affect resale?!?
We live in a 900 square foot 2 bedroom house. The current layout is this - You walk in the front door into the living room. From the living room, you walk into the dining room, and from the dining room to the kitchen (these rooms are all one in front of the other in a straight line, with the kitchen being at the back). There is a hallway off of the dining room off of which are the bathroom and 2 small bedrooms . We are thinking about adding onto the back of the house (25 to 30 feet) - making the kitchen bigger, making a family room and master bedroom and 2nd bathroom (the kitchen extension and the family room would line up with the present kitchen), but would it seem wierd to have to walk through the kitchen to get to the addition which would accomodate the family room, master bedroom and 2nd bathroom (the doors to the bedroom and bath would be off the family room)? Would this layout affect the resale value of the house negatively? Help please! Thanks in advance!
Additional Details
My husband is a carpenter, he'd be doing the work - we drew up floor plans, total material cost would be $14,000 with us doing the work ourselves (which we are going to do as we have lots of construction experience. Would it still be worth it?
                     
 




spaceball_1
In most cases any improvments to a house only help it's value, it doesn't harm it. The catch is doing an Improvement that you like that other people will also like. if your planning on being in this house for a while, I would do the addition how you see fit. If your planning on selling soon, i would hit some open houses to see the different ways homes are laid out and compare what you are trying to do to what's on the market. I've been in lots of house that the layout just didn't make sense. I would recommend that you combine your current living area and dining area into a large family room. Move your dining area to the new section and ad a den/office with any extra space rather than moving the living area to the back. Another option is to not have a seperate door for the new bathroom and make it a strictly 'master bath' off the master bedroom. Your house is laid out almost exactly like mine, so the added area should not take away from where the current bathroom is as an inconvienance to get to. I know I'm totally redoing your plan, but that would make more sense to me as a potential home buyer. well that's my $.02 worth. Good luck on your addition!


Hatlady
I don't think that would be too weird. I have seen lots worse!

There are many remodelers who can help you with the floorplan. Since you won't be able to recoup the entire cost of the addition anyway, just do what makes the most sense for your family.

At 900 sq ft - just about anything will be an improvement that will increase your resale value, but don't expect it to be increased dollar for dollar. At best, you could expect about 50% to 75% return on your investment.

Make sure you check with your city, county, and any local units of government to make sure you can build that far out on your lot. Most city lots have setback requirements that might cause you some problems.


bpl
It could affect the resale price negatively. When I say negatively, I mean that the price would not go down, but you may not get out what you put into it. If you spend say 50,000, there is no guarantee that you will get 50,000 or more back out of it. Do not build something that prices potential buyers out of the neighborhood or market. You may also have trouble find comparables in your area.

One thought would be to not add on, but put the investment into a different home purchase.


2Beagles
My house has an odd layout, but it's very typical where I live. We live in a split floor plan where the kids bedrooms are on one side of the house and our bedroom is on the other side, but it's right off the kitchen! I absolutely hate it. There's no privacy. Your best bet would be to ask an architect his opinion or ask some friends and family. You can design rooms on sites through Home Depot also. Nothing worse than getting a house with an odd floor plan that you can't sell later. It's really hard to picture your plans without looking at some drawings. You are questioning the plans, so maybe you already have your answer. Could you possibly add a hall off the family room so you don't have the same problem I have? Sorry I couldn't help more, but I mainly wrote to warn you about the privacy thing.


Sandie B
The majority of family rooms are located near the kitchen and opposite of the living room area, but a master bedroom off the family room: well, I wouldn't like it.
I'd want my master bedroom/bath to be located away from the general living quarters. Privacy and less sound.
Like most homeowners, your choices are limited so you'll have to work with what you have and still accomplish what you need.
As far as re-sell, like the others have mentioned, don't expect to get in return what you put out.


AnOrdinaryGuy
Rating
My own feeling is that $14,000 is way too low. You need to add a foundation, first of all, a major expense. And have you factored the costs of expanding the heating and a/c? You may need larger water heaters, furnaces and central a/c units; you may also need to heavy-up your electrical system to handle the increased load.

Secondly, the new plan is awkward, people don't like going thru the kitchen to get to other parts of the house. Why not try to extend that hallway to the old 2 bedrooms so that it leads to the new addition, instead of having to go thru the kitchen? Or, just open the family room to the kitchen.

A possibility is to go UP not out. You'll need a stairway.

Having said all this, adding a third bedroom and a second bath are two of the things most likely to add to the value of your house. People these days expect at least 3-4 bedrooms and 2-3 baths. So the added value should cover the costs, but the house will still be harder to sell than one with a more typical floor plan.


Dr. Deth
Rating
does the $14,000 include foundation costs for the extension? If yes, I don't see how you could lose if you're add master bedroom and 1-1/2 new baths - the house would have to increase at least that much in value


Edith Anne
It sounds as if you are in a modified "shotgun" house (all the doors link up from front to back, if you shot a gun you could go all the way through without hitting a wall).

It does sound kinda weird, unless you created a second hallway that would bypass the kitchen & dining room. Sketch it out on paper and decide whether you would buy a house that was laid out that way.

Can you go up, instead of out?


Smoky
Rating
as long as u knock down a wall and remodel what ever was there a little it could greatly help the value of the house. but do it before december. thats when the boom in the sellers market will happen


open4one
Rating
It doesn't sound all that wierd, but as the previous response said, check with local Zoning officials before even talking to contractors.

Consider the possibility of expanding upward. I live in what used to be similar to what yours sounds like, but they added a second story to it. If your lot size precludes more ground floor, consider going vertical.


REALTOR
You gave a good description, but still it's hard to visualize the house and the addition you want to do.
In general, if the result looks as if something was not there before, it makes the house less attractive (and getting to the addition through the kitchen is not the best thing to have...)
Will you built everything yourself or have a good licensed contractor do it? I'd suggest bringing an experienced contractor in and ask him how to do it. You' be surprised how a professional can give you an idea, which escaped you.
I needed to put up a simple dividing wall in an awkward place in one of my properties recently. I had 10 ideas of my own on how to do it. A contractor showed up and came up with the best solution within 2 minutes...


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