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Updated almost 6 years ago on . Most recent reply
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Is adding a small full bath worth the investment ??
1st offer in on a 2/1 brick in great location with intent to flip. Offer is at 30k, will most likely land at 35k. The current rehab costs are minimal as the home is in great shape, so ~3000-4000 range. ARV should fall 65k to 70k.
I have the ability to convert another room to a 3rd Bedrm, and there will be room to add a small full bath in the new 3rd bedroom. The house has about 970sf. Would these additions bring a great enough return to spend additional funds adding them.
And the house is in Northeast Tennessee
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@Andy Bailey
Yes I always add extra baths if I have space. Even a half bath adds about $150 extra per month in rent.