Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Under a million, but the main house is only 2 br. [/quote]
True, but the loft over the bedroom helps.  It wouldn't work for a family that actually needs three bedrooms, but it might be fine for people who only need 2 BRs and an office.  And if the basement is legal for rental, that could make the net payment for a 2BR+loft almost reasonable.[/quote]

Yeah, I'm the one who posted this, and while we aren't house hunting, I actually found this set up kind of appealing. We only have one kid, so a two-bedroom works for us, but having bonus areas in the house is really nice, especially for WFH.

If it were me, I'd keep the basement as a separate unit and do it as a short-term rental so that we could also use it for family when they come to visit. The idea of having a separate unit with its own kitchen to house my parents or ILs in sounds heavenly -- they would be super close and not have to spring for a hotel, but there would be a little bit of distance, too. I actually think they would prefer it, too.

I do feel like it needs a lot of work for that price. I'd want to do some cosmetic stuff (including probably getting rid of the carpet) right away, and then redo the whole kitchen, the basement, and the outdoor space over time. That's a lot of costly renovations for something in that price range, and it's not like it's massive either. I personally think anyone who pays over asking has overpaid, unless it's a developer who plans to chop it in two and sell it as condos, in which case it's probably not a bad investment, especially given the location (which likely appeals more to condo dwellers anyway).[/quote]

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