Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply

Should I add a room to each side of my 1/1 duplex?
Should we add a room?
Background:
We are in contract on our first duplex. It's a 1/1 each side with a full basement. We are looking to add some value to the place and we were thinking of how we could add a room. So my thought was add an ingress/egress basement window and make a bedroom downstairs.
Next steps:
Seems a bit unique so I'm not sure how much I could bump the rent. Does it count as a 2/1 rental or somewhere between? Need to get a decent ROI on the add if I go through the work.
Thoughts and advice would be greatly appreciated!
Thanks!