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Updated about 9 years ago,
Brick house/ full basement
Here's the deal:
1. Bought brick house for 68k
2. House has unfinished basement
3. I retrofit whole house electric HVAC plumbing
I plumbed in basement for future use also created sub panel for basement
4. Upstairs is 1788 sq ft
5. Rent is 950
6. Dilemma: if I refinish basement rent will still be only 950, unless I create another apartment
Finishing basement will create value, but
Rents will only be 950 per month
What would you do?