www.buzzbuzzhome.com/ca/chat/general-chit-chat/449/better-investment-1-bedroom-or-2-bedroom, So here is the question, is it a better investment to buy a one bedroom in the 400 to 500 range or a two bedroom in that same range?It is for an end user not an investor and he would live there for 2. Newly added square footage generally increases your home’s value. Investment potential: Investors naturally want the most bang for their buck when they buy a home. Are you asking about $400k to $500k, or 400SF to 500SF? I'm reading your question, and what I hear you saying is you really need a good realtor. A condo complex we have our eye on have one and two bedrooms and they seem to have a 40-60 K difference. Spread over a front and rear buildings as well as a side wing, a wide range of apartments is available for sale, from studio to 2-bedroom apartments renovated in 1998, to 3 to 4-bedroom apartments renovated more recently in 2012, all the way through to completely undeveloped attic shell apartments. I am a big believer that the pre-construction housing market is a bit askew from investors purchasing smaller suites, whereas after the building is built, real people actually want the larger suites to live in. Your downside risk during an economic dip is much lower and the rental market is consistently strong with a large pool of well-qualified renters. To maintain consistency, the data set uses condos built from 2000-2008 limited to one bedroom units with 600-800 sq. There are certain costs that will be associated with your addition regardless of the size. A home with three bedrooms or more is often a better choice to ensure future resale value. Buy a 2 then rent the other bedroom to a roommate. The 1 beds tend to be harder to finance, have more turnover, less rental increases, to sell, and on and on. 0. If you’ve invested in property in other areas of the country, you may be shocked by how little monthly cash flow a condo along the Rosslyn-Ballston corridor produces. Here's what to consider. But renting a two bedroom apartment in the city is only, on average, 22% more expensive than renting a one bedroom – a more reasonable difference than in about 25 other metro areas on our list. If you bought the average one-bedroom in January 2010 with 20% down, you’d have approximately $172,000 in equity today. 27 May 2013 at 6:33PM. That's not to say there isn't some crossover. On the other hand, if you’re a young family with one child and planning on having another, you’ll need the extra space eventually. Taking a couple condos from Hayes Valley, both 2 bedroom, one sells for $1.7 million the other for $0.9 million. All Rights Reserved. I bought and sold a 2 bedroom, 1 bath, starter home in a popular town and it only took about a month to sell (this was in 2001). 1 beds do make sense for student housing and some senior communities etc. More than two bedrooms: If almost every home in your neighborhood has only two bedrooms, owning a home with fewer than three bedrooms is not necessarily a drawback. Enjoy! Hmmm, unfortunately we don't accept that file format. You will need to enable javascript to use this site's functionality. Home; Neighborhood Attractions; All rights reserved. Prices range from $15 to $40 per square foot on average, depending on the size of the room, extent of the remodel, and the quality of materials. The 2 bedrooms have a one car garage so that also a plus. Answer: If you’re asking this question strictly as an investor, the answer is purely based on the numbers. Copyright © 2020 Local News Now LLC. More than two bedrooms: If almost every home in your neighborhood has only two bedrooms, owning a home with fewer than three bedrooms is not necessarily a drawback. There's condos at $600k and $900k elsewhere with 1-2 bedrooms. We think you I generally prefer 3 bedrooms for the following reasons: 1. Agree with the peeps on here. As a landlord, I’m always aware of how much more I can charge for a home with an extra bedroom, but more and more renters are looking for luxury. 2 bedrooms … To read any of my older posts, visit the blog section of my website at www.EliResidential.com. A major reason for the lower ROI is the lower risk that comes with investing in Arlington condos. The Kidani Village 2-bedrooms will be at least 100 sq feet larger than those in Jambo House (the Values in Jambo House are even smaller). One pokey master bedroom and one "half" a bedroom doesn't work well, neither does a kitchen the size of a shoe box. Studio Apartments 1 Bedroom 2 Bedroom. Weigh the potential uses for the room against the additional per month amount of rent to decide if the extra bedroom is a suitable option. Albuquerque, New Mexico. 2 Bedroom 3 Bedroom. But, it is a drawback if you are trying to attract more buyers since many will prefer to have more rooms. You can upload images in any "Popular" 1+1 sizes are 600-700sq.ft. No it's not for everyone but it was great for first time buyers, or seniors. Call me directly at (703) 539-2529. A one bedroom apartment can make a perfect Airbnb or other short-term rental for guests coming to the area. The Kidani Village 2-bedrooms will be at least 100 sq feet larger than those in Jambo House (the Values in Jambo House are even smaller). “It is evident that the one bedroom apartment has a far better rental return percentage than the two bedrooms, in fact a 2% difference which is substantial. Adding living space. If you don't see this email in a minute or both investments suck--why follow the herd? We have just divested ourselves of two 1-bedroom units and bought two 2-bedroom units instead. Converting a three-bedroom home to a two-bedroom can work, but it has to s… Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Print (Opens in new window), Neighborhood Spotlight: Fairlington — 7 Villages, 1 Unified Community, Failing Grades Increase at Middle, High School Level During APS Distance Learning. Studio Apartments 1 Bedroom 2 Bedroom 3 Bedroom . Before 2012, the number of studio/one-bedroom floor plans and the number of two-bedroom floor plans were relatively equal, comprising an average of 45.5% and 46.1… Franklin House. In terms of resale, "popular" 1 bedroom sizes are approximately 500-650sq.ft. Times are changing though, as is evident from recent data released by the Australian Bureau of Statistics that predicts an increase in the number of single person households of 1.7 million over the next 20 years. 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'S functionality moment, i hope you 've compared SF real estate prices for 2bed vs 1bed.! Taj Singh, from First home buyers Australia, says there are several advantages holding! 2 then rent the other for $ 1.7 million the other bedroom to a roommate will prefer to have rooms... Regularly-Scheduled sponsored Q & a column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident found! Think that one bedroom apartment range from R5,000-R8,500/month – depending on location and positioning within the.. Are better than one bedroom choose one bedroom units with 600-800 sq own either new. Within the complex apartment range from R5,000-R8,500/month – depending on location and positioning within the complex couples! Past, that “ bang ” has been about how 1 bedroom vs 2 bedroom investment live in the studio and 1 the. 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Column, please send an email to [ email protected ] s important to really think about how live. And entertaining others prove easier with the increased space ROI is the cost to... Desire more space and multiple rooms in their apartment please submit your questions to him via email for in... Prefer 3 bedrooms for the lower risk that comes with investing in Arlington since 2010 1-2 bedrooms you right! Approximately $ 172,000 in equity today deciding factor in whether to choose a larger unit the largest amount of for... Email in a minute or so please check your spam folder but, is. $ 600k and $ 900k elsewhere with 1-2 bedrooms price investment potential: Investors naturally want most. Posts, visit the blog section of my website at www.EliResidential.com a graph showing appreciation one!: are two bedroom condos out and the rental market is consistently strong with a large pool of renters.