Contractor in Minneapolis for a small rehab

[Ali K.]

Hello BP community,

I am starting my REI journey and I'm thinking to start with my house and do a small rehab in the basement to build more equity and then refinance or get a HELOC and go from there. The reason that I chose this path is that I really like the BRRRR method but I think it's not the easiest for beginners to start with (any thought?), so I think starting with my house would be good because I'd improve my house anyways and this would be an experience for me in how to do a rehab and work with contractors. To add more context, I am going to add a new bathroom in the basement and finish a small area about 200 sqf next to it, perhaps add a kitchenette as well. There's already a bedroom and a big living room in the basement both finished, but the bathroom is unfinished. Main level is 2bed/1bath. My questions for the community are:

1- Is it a good idea in general? I mean, does finishing a bathroom in the basement add enough value to recoup the cost?

2- Could you please suggest contractors in the Twin Cities area? I don’t think the project cost will exceed 10k. I’m looking for contractors who are reliable, not pushy, and reasonable in pricing.

3- any other suggestion, perhaps something that I’m missing?

If you need more specific information, or would like to connect someone, please feel free to PM me.

Thank you again for your help.