Think like an Investor #money #shortvideo #shorts #short #realestate #money #house #tips

17 Sept 2024 · 1 min

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0:40

A short YouTube video by Steve D Valentine giving practical real-estate investment advice. In this clip he discusses converting carport/garage space and adding roughly 500–1,000 sq ft, estimates the construction cost (~$200/sq ft) and predicts that adding ~1,000 sq ft could raise a house's value by about $150,000–$175,000 while costing roughly $75,000, framing this as a strong return on investment.

Chapters

So what is the cost of all that? Well, you probably figure because if you're taking this off, you've got the carport out there, converting it to the garage, you might be able to make a deeper garage. You come out this way, you're probably going to add 5 to 600 square feet. Keep in mind when you're doing the addition, even if you made it into two more bedrooms or another family room or something like, it's not that much more for that extra 10ft, which is 100 square feet times $200 a square foot. So when you're doing all that, that's the thing to keep in mind. So, you know, my guess is if we add a thousand square feet to this house, it's going to make it 2000s feet. It's going to increase the value by probably 150 to $175,000 and probably cost us $75,000 to do it. That's a good return on investment.