Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Shawn Brickner
0
Votes |
2
Posts

Adding a third bedroom?

Shawn Brickner
Posted

I'm currently finishing off an unfinished basement in a condo. It currently has 2 beds and 2 full baths. I'm adding another full bath in the basement. I was going to build a bedroom down there but adding an egress window will be expensive. The rent will already be high end for the area. Is adding a third bedroom going to be worth it or should I just make it a "bonus room" and not worry about making it an official bedroom?

Most Popular Reply

User Stats

176
Posts
110
Votes
Lamont Chen
  • Realtor
  • Hudson County, NJ
110
Votes |
176
Posts
Lamont Chen
  • Realtor
  • Hudson County, NJ
Replied

@Shawn Brickner

Not sure how much it will cost but you could calculate your ROI.

- How much it will cost to convert to bedroom vs how much rent you would receive?

-- For the same amount of money could you invest that into another deal? What would be the ROI on that.

Loading replies...