Converting townhome from 2 bed to 3 bed

[Sam Lewis]

Hey folks, as of yesterday I am under contract for a 2 bedroom townhome in Dundalk. 

I walked the property with my contractor and we are confident we can turn one of the rooms in the basement into a bedroom (either the main basement room, or potentially the utility room - since there is an egress door).

This is my first time doing a bedroom convert. Is it possible to legally convert the utility room into a bedroom? (assuming the utilities are not within the bedroom walls) Any other general advice or feedback would be much appreciated.

Also huge shout out to Stephen Kehoe (who I met on BP) for forwarding me this deal. Owe you a beer man!