Finishing basement to increase ARV

[Lior Golan]

Hello,

I just purchased a property in 76K that has an unfinished basement. I checked with the comps and got into conclusion that my ARV would be 115-120K.

The property is 3 beds 1 bath, if I will finish the basement, and even maybe add another bedrooms and bathroom, do you think the value of the property will be higher (for the refinance)?

I know that finished basement has like 70% ROI, but as BRRRR is for long-term holding, maybe the extra bed will eventually add me for the rent I will charge.

But because we are using BRRRR, it's also important to increase the ARV as much as we can in order to regain the most capital as we can from the property.

What would you do instead of me? Finish the basement? Add even extra bed and bath? or just live it like that?

Thanks