With a $25,000 renovation investment, we modernized and enhanced the home’s value.

Your property might be a little hard for MTR based on that layout, but again the garage could be good for storage for home sellers who sold and don't know where to go as well.

I also agree that a garage conversion will cost much more.

My initial protege also had one (garage conversion) a few years ago that was not hands off that received a pathetic appraisal.  

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

This fully renovated 4-bedroom, 3-bathroom home features high ceilings, modern finishes, and a downstairs bedroom for convenience.

When fixing up a house is the garage door something that usually gets changed to a brand new garage door? 

The last thing you want to do is spend the money for a conversion and then get shut down by the neighbors or city.Is there another way to access these bedrooms other than the garage?

It would be like charging you for a full remodel property rather than a hovel, because its highest and best use would be a swanky modern house despite never having upgraded it.Ask 2 / Costs & Risk Involved: I need to calculate the impact of what a lot split would entail.

and so many people sit on the sideline thinking there will be a real estate crash.Even if it crashes you still have a lot/a building/a home.I guess BTC is better than beanie babies or little football helmets....at least you probably won't have to take up garage space if it goes to zero.