Should I add a bathroom to 3/1 property?

[Adam Ulery]

Hi BP community! I'm a new investor looking to purchase my first rental property in Pinellas County, FL. The property is a 3 bedroom 1 bath. Weird to have only one bath. I would value thoughts from investors about whether it is worth the money to add a bathroom. Most other rentals in the area are 3/2 or 2/2. Thanks for any thoughts on this and especially appreciated are shared experiences with similar situations.

[Byron Bohlsen]

Depends how much its going to cost you... That said I am going to go out on a limb and say adding another bathroom will have the following benefits:

Higher property value

Easier to rent

Tenants stay longer

Better tenant quality