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patty_roberts63

over Remodel Will Over-Improve House For Neighborhood

P Roberts
4 years ago

We have downsized, buying a 1970s ranch that needs a complete update. We have a healthy budget and the total remodel will include an addition, a new roof, kitchen, baths, etc. I want to make the house suitable for us to age in place and while I don't want to go overboard I want the house to be comfortable and have features to make it easy to maintain.

This investment will be nearly twice what other houses in the neighborhood are worth. The real value to the property is the fact we're next door to our daughter and the neighborhood and location to services is great.

Currently house is a 3/2 and I'm fine with that.

I could include an additional bedroom in the plans, not to use as such but it would add value that currently doesn't exist. Would a half bath be a good investment?
Should I be concerned about this disparity?

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