Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Shawn Brickner
0
Votes |
2
Posts

Adding a third bedroom?

Shawn Brickner
Posted

I'm currently finishing off an unfinished basement in a condo. It currently has 2 beds and 2 full baths. I'm adding another full bath in the basement. I was going to build a bedroom down there but adding an egress window will be expensive. The rent will already be high end for the area. Is adding a third bedroom going to be worth it or should I just make it a "bonus room" and not worry about making it an official bedroom?

Most Popular Reply

User Stats

176
Posts
110
Votes
Lamont Chen
  • Realtor
  • Hudson County, NJ
110
Votes |
176
Posts
Lamont Chen
  • Realtor
  • Hudson County, NJ
Replied

@Shawn Brickner

Not sure how much it will cost but you could calculate your ROI.

- How much it will cost to convert to bedroom vs how much rent you would receive?

-- For the same amount of money could you invest that into another deal? What would be the ROI on that.

Loading replies...