Dallas, TX · Member since 2014 · 650 posts · 53 votes
I have a rental that is a 3 bedroom / 1 bathroom in a college town. I can add a modest bathroom (nothing fancy, but functional and respectable) with a shower off the back of the house to bring it to a 3/2.
I think that would help attract more tenants and raise rents. General thoughts on what I would expect to pay to get this done?
@Steve S. that is tough to say, more info would be needed. If I read correctly you want to add to the house, not put one in an existing space? There are a lot of variables to think, for example depends on where you plumbing runs, roofing, permits etc.
It can be anywhere from $4000 to $8000. I do not see it get less than $3500.
It seems like a bathroom would add value. College kids like their own space. Between the increase in value, and increase in rent, let's say an increase by $50, but that would be $50 cash flow, which is ok, I think. let's say you pay $4000, It will take seven years to make you money back.
The value of the bathroom should increase by double then you spend almost. I would look at near by properties that are about the size of your house that have two baths, and see what value those properties have.