In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.Further, we review our insurance coverage and premium annually, just to keep on top of any changes.As with all insurance, it seems to be a waste of money... until you NEED it!

if you are going to do things like include utilities, or have an off street parking spot, other amenities etc, there's no reason in my mind you couldn't "charge a premium" for a premium unit/service. 

If private companies continue to provide the insurance, I suspect we will see further increased premium costs which will need to be reflected in the rents tenants pay (all tenants: LTR, MTR, STR).  

Property should go for a premium just on that potential.  

Since they're low income/tax credit, they just don't make the kind of money needed to pay those huge premiums.

Buyers expect premium finishes, so skimping on quality can hurt resale potential.

Buyers expect premium finishes, so skimping on quality can hurt resale potential.

The only other option that comes to mind is to make the improvements and try to achieve favorable rental rates to push the story that 2 BR homes rent for a premium because its unique.

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Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.