I currently live in the southern california area. I will be gointo veterinary school in the fall to ucdavis. I decided i would like to purchase a home instead of renting for for years. Because of the market i cannot afford to buy in Davis but i have found 2 properties in the Woodland area. My question is this.
There is a typical (nice) halfplex available and i have negotiated with the seller with no help from my agent from 240k to 229k since the roof needs repairs, carpet, fencing. The property has a small pool and a nice size yard. Living space is 1484 lot size .13acres. 3 bed 2 bath and an enclosed patio. Built in 1980. It is located in an ok area (a street with all halfplexes). Kind of a main street.
The second property is was originally listed as a halfplex because one side of the house( the side where the garage is located) is in contact with the neighboring house. It is not attached (does not share the same roof). Now the listing agent has placed in for sale as a single house on lot but included in the comments that it has a zero lot line. This home has 4 bedrooms 2 bath (no master with bath). Sq footage 1786 lot size .11 acres in a well established neighborhood. The price is 240K Most are owners in area as opposed to renters and no halfplexes nearby.
My question is this: i will be renting out rooms while in school to make the payments and mostly wanting to make this an investment property. im thinking of reselling (the market allowing ) in about 4- years. Although i would love to have a pool (and it may make it more appealing to renters, i am willing to sacrafice the pool to make a better investment. So i was thinking of condensing the garage from a 2 car unit to a 1car unit to seperate the house from the neigboring house and give it more of a single house on lot appearance. But i dont know how much value i would lose going from a 2car garage to a 1 car garage. I was thinking of adding the pool later to at least enjoy it. i know i may not get any value for the pool it would just be for my enjoyment. Im just not sure if my idea is crazy. ANy feedback would be greatly appreciated.