Your pricing will also depend on the amenities you provide and if you have a separate bathroom for them. 

It's a three bedroom, 2.5 bathroom unit with 2,127 square feet.

No upcoming assessments.Taxes: $3,602.00HOA: $269.00/moRenovation cost: 10k (appliances included, hardwood floors, paint, remove drop ceiling & tile work in kitchen, doors, new vanity/mirror in bathroom)Note: The bathroom was totally renovated not long before I purchased by previous owner.

I have tenants who just moved into my condo and are requesting compensation for: (1) repainting (I had to repaint a wall in a different color than they originally saw when I took down my speakers); (2) loud bathroom fans in each bathroom; (3) Ceiling fans that are outdated but functional; (4) wall wiring so that their t.v. does not reveal the wires; (5) fridge filter which admittedly was old and they noted that my flooring has a soft spot but did not request replacement (yet!).

It's a $10,999 townhouse in Baltimore, MD with tenant in place renting for $950.00 a month. 4 bathroom, 2 bedrooms.

adding another room, preferably with a bathroom, is the best way to increase the value dramatically. all those other techniques like "adding a porch, finishing a basement" pale in comparison.

If it only turns into a bathroom visit- not far.  

My plan is to take a portion of that room and make a bathroom (bathroom would land in the same hallway as bedrooms).The question - Do I turn the bedroom into a 9x11 and make a full bath or still a corner of the room and create a 4x5 tiny half bath (which would salvage some floor space in the bedroom).The other two bedrooms are 12x14.I've done some forum searches but couldn't easily find this scenario.

. , there are a lot of things you can do to get a bathroom updated, without gutting the entire thing.You said the vanities were in bad shape?

They start off with basic property configuration (bedrooms, bathrooms, etc), then consider costs (heat, provided appliances, etc) and features (central air, ceiling fans, etc).