Renovating a 30x30 unfinished basement + renting advice?

[Vincent Sottile]

This is my first real estate project and I'm looking to either start out with Air BnB and/or move toward full time tenants.

Do you think a studio type apartment would be best, or would it be advantageous to include 2 bedrooms? 

Any renovation tips?

Located in New York. Thanks!

[Jonathan Greene]

My first question is are you trying to build a legal, rentable unit or one on the DL from the town. If this is a basement of the house you live in, there will be several issues with the township. What is the current entry/exit to the unit and what is the plan if it's changing? What is the window situation in the basement? Most towns have different requirements for basements if someone will be sleeping down there.

AirBnb vs. full-time rental depends on where you are. Is it a place where people would consistently rent via AirBnb? If so, your remodel might be a bit different for AirBnb, but nothing major. I think if you give us some more details on what kind of house, if you are living there, and more it might help you get better answers.