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Updated almost 6 years ago on . Most recent reply

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11
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2
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Laurie Horning
  • Portland, OR
2
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11
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Basement vs Garage apartment? Which provides a better return?

Laurie Horning
  • Portland, OR
Posted

I'm looking to buy my first property and house hack and ideally remodel a portion of the house to add value and pull the money I used to remodel back out after refinancing. 

In terms of refinancing, would it be better to remodel the basement to turn into an additional living area or a garage? 

I plan to Airbnb the remodeled basement or garage but just want to make sure I'll get the money I put into the remodel and which space will provide a bigger return. 

Most Popular Reply

User Stats

707
Posts
560
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Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
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Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Replied

Why not do both?  If you can create separate entrances to both spaces, then i would do that.  

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