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Updated about 4 years ago on . Most recent reply
Adding a third bedroom?
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?
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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.