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Updated over 5 years ago on . Most recent reply

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Alex Popescu
  • Developer
  • Ottawa, ON
0
Votes |
10
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Basement bathroom ROI

Alex Popescu
  • Developer
  • Ottawa, ON
Posted

My partner and I are looking to list our home soon, but can't decide if we want to finish the basement bathroom. She is keen to remodel it, but I am not sure if we will get our money back. She thinks, that if we spend 5k on it, we will be able to list it for 5k+ than we would otherwise; I am still not sold.

To give you an idea what the home is like, we have a 3 bed 3 bath english country style with a walk out basement.

Most Popular Reply

User Stats

293
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381
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Martin Neal
  • Rental Property Investor
  • Chicago, IL
381
Votes |
293
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Martin Neal
  • Rental Property Investor
  • Chicago, IL
Replied

@Alex Popescu Sounds like a little to no return on investment. Why spend a dollar to get a dollar back?? If the improvement is not going to generate a higher return on investment, then why do it?? Think about it, would you by a product for $5K to sell it for $5K?? Probably not. Ultimately, have a realtor look at comparables to ultimately give you the answer you’re looking for.

  • Martin Neal
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