Updated over 8 years ago on . Most recent reply
Adding a bedroom on a flipped house
Currently doing a flip in a great school district. House currently has 2 beds 1 1/2 bath, but 2nd bedroom is very small..is it worth considering adding a 3rd bedroom?
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Manolo D.
#3 Contractors Contributor
#3 Contractors Contributor
- Contractor
- Los Angeles, CA
The formula is: Worthiness = Added room ARV - Current projected ARV - Cost of money (holding costs, time spent) - Project cost. If this is positive, go, if it's less than 5k, might not be worth it, especially if you're new to room addition, you might miss a thing or two on the additional project.