If you're thinking about turning your garage into a bedroom with a bathroom to make some extra cash, here’s the scoop based on my 20 years of experience: You'll need to budget for design and engineering costs, which typically run between $2 to $3 per square foot of your total property area, not just the garage.

This is generally due to the fact that this is how the American housing giants – Fannie Mae and Freddie Mac – government-sponsored agencies, separate their loan programs.Note that this is another example of where real estate “lingo” doesn’t always match with the standard English Language!

Hey @Madhur Mehta - Typically, I like to rely on the motto "The numbers don't lie" - however there is still the time and effort of making the change. 

We typically find you can get similar rents to a condo.

I now know what to expect and how to make an offer, which I had only read about previously.I haven't heard back from the seller yet...wondering what the typical time frame is for that?

Especially with it being a reliable way for both the landlord and the tenant to keep track of their ledger.In terms of exterior, I agree when it comes to multis but typically we put it on the tenants for single-family residences to be responsible for up-keep.

All four major regions of the U.S. posted price gains last month, led by the Northeast and Midwest.Days on the market up slightly from a year ago: Properties typically remained on the market for 33 days.

Could someone point me to an example? 

If you evict, you'll bear the costs of the eviction, plus the turnover/vacancy and on average have the same situation as it sounds like you have a typical tenant in terms of payment.

We are currently running close to 4% inflation, and the FED's target rate is typically around 2%.