I’m almost too embarrassed to show my face here. I know I failed you last week. Sorry. But I’m back and hopefully today’s teardown on Apgar will make up for it. (Does Apgar remind anyone else of something you’d hear on Game of Thrones? Maybe it’s Hodor’s little sister?*)
She’s not pretty or much to look at right now but Apgar has a lot of potential. I think this house lends itself to two renovation options: one less expensive than the other.
The first option would be a quick and dirty rehab where you only improve the first level of the house. This option calls for a new kitchen, adding a bathroom, and putting new stairs into the backyard. The second option includes rehabbing the first floor plus adding additional living space in the basement. The living space could be extra space for the single family living in the house to use (i.e. family room, extra bedrooms, etc) or it could be a whole new in-law, (aka “Air-b-n-B” unit). The second option is obviously more expensive than the first and would take more time, which means more $$$.
We’re lucky today because this house actually just sold so we know how much potential profit there is here. It sold for $685,000 on May 19, 2017. In this neighborhood, houses are going between $750k-$850k though totally tricked out houses can go for close to a million. It’s a tough call and in the end I’d really rely on a real estate agent to give me comparables for single family vs. houses with in-laws and spend a few weeks doing research and talking to the City to see what we’d have to do to make it a legal in-law.
1456 sq. ft.
They didn’t show enough of the kitchen to be able to envision a new space. All I know is that it’s an eat-in kitchen. Hopefully the wall separating the kitchen from the eat-in area isn’t load-bearing and could easily be taken down. If not, I still think the wall should come down to open the kitchen up.
So this is where things may get tricky. It appears from the pictures that two of the three bedrooms may be connected by a door. This isn’t the most ideal situation. If that is the case, that would be a real head scratcher but I think the rooms could be accessed through other doors whilst still closing off the connecting door. If we were to close off the connecting door, the only door into Bedroom #1 would be at the front entry. Not ideal, but I don’t think it’d be a deal breaker. What do you think?
Things could get real interesting down here. The first real question is whether the ceilings are at least 8 ft tall. If so, then you wouldn’t have to dig down to make this a legal space and that would save tons. If you did have to dig down to create enough height then I think that would be a deal breaker to make this into liveable, permitted space.
Well there you have this week’s tear down. What’d you think? Would you tackle the basement? If so, would you go in-law or extra family space?
* Yes, I am a total Game of Thrones fan: I love John Snow, hate Sam; would die for Daenerys; am conflicted about Tyrion killing his father; feel bad for Theon even though he was a total sh*t; and think Lord Varys and Brienne of Tarth are the most noble, heroic characters on GOT. There. Now you know my dirty little secret.