Investor · Miami, FL · Member since 2015 · 355 posts · 268 votes
1y
If you're talking about building additional square footage, it's almost always a non-starter. It may pencil out if you're building an extra unit, but just a single bedroom is not going to work. If you're talking about building an interior wall to create a bedroom, this could work so long as you aren't significantly reducing living space compared to the competitive rentals. 3 bedrooms with a tiny living area could cause problems. Closing off a den on the other hand could work.
Developer · Rochester, NY · Member since 2016 · 406 posts · 339 votes
1y
@Dexter Florendo Kalai Aspacio I would only do it if you didn’t bastardize the rest of the space. For instance I did it on one of my one bed room apartments because this particular apartment had a formal dining room.
what’s a single person or couple going to need a formal dining room for? So we closed it up, added a closet.