[quasi]

I spoke to one realtor on Wednesday meeting another one today. After speaking with the first one some of the stuff he said made a lot of sense.

I have one of the Clayton specials 3 levels, 5 bedrooms 2650sf basically designed to have the owner live top two floors with a 2 bedroom suite in the basement. We bought new and have never had a suite but the basement is wired for it, there is plumbing, a 240 in the wall and venting downstairs if you wanted to add washer/dryer.

The way the lending has been tightened up most the people looking in our area are obviously looking to buy a place with a suite and most of them are tapped. Not having one makes my home not nearly as desirable and ultimately harder to sell. If I want to sell I pretty much have to put the suite in which honestly isn't that big of a deal I figure it will cost me $10,000 at the most if I do it myself I just need to install cabinets, sink and appliances. The return I'll get will be greater then the cost of putting it in. The one good thing is if I was putting a suite in to rent it out myself well living there I'd do sound proofing ripping all the ceilings apart adding more expense but if it's more for staging and a selling feature fuck it, just paint and add kitchen.

The realtor showed me the inventory in the area, how long it's sitting right now and it's very competitive. Stuff isn't really selling so I think if we move forward we'll do the suite over the fall, list in the spring. I think that would also give the market more time to correct itself with the way inventory is moving or maybe I should say isn't moving, yes less for ours but since we're upgrading less for what we'd be looking to buy.