New to Real Estate · San Francisco · Member since 2020 · 4 posts · 1 vote
Hi BP community,
About to purchase my first rental property in Phoenix. Was considering the pros and cons of a carport conversion into another bedroom to rent out. I've done the research and converting a garage into a room doesn't seem to be worth it but does anyone have thoughts on a carport? The key things I'd like to know include
1. Cost range estimates for a 2 car carport conversion
2. Equity added to the home - e.g., would folks rather have a carport or extra room?
3. Process to convert carport and how long it takes
New to Real Estate · San Francisco · Member since 2020 · 4 posts · 1 vote
5y
@David Avery Thanks for the thoughtful response. Two bedrooms is great, alas, we're already adding a 5th bedroom into the second living room and running a co-living model.With the carport conversion,it would be 7 bed, 3 bath. Living room would be failry small so not sure if it could handle it.
If I could get it permitted, it might work since we're making home larger. Just not sure if the cost to forced equity is worth it for a Carport vs. a garge.
I also sent you a DM. Would love to chat and get any contacts you have for construction and talk about this more in detail :)
New to Real Estate · San Francisco · Member since 2020 · 4 posts · 1 vote
5y
@David Avery it's currently a 4 bed 2 bath 1850 sq ft home that's under contract and located in tempe. There is an attached laundry/storage/workshop that's around ~200 sqft. It has plumbing in it so we're thinking of converting that into a full bath; was quoted ~8k to do something like that and would love your thoughts.
Agree that it needs 3 bathrooms, espeically since you can't access the master bedroom from any other room.