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
General Landlording & Rental Properties
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 5 years ago on .

User Stats

13
Posts
15
Votes
Kerry B.
15
Votes |
13
Posts

Turning 3 bd into 2 bd - ARV & Rent Impact

Kerry B.
Posted

Contractor is suggesting we turn a 3 bdrm property into 2 bdrms with a larger bathroom and more closet space in the master bedroom. Our goal is to BRRRR and get the maximum ARV to move to the next thing. How will this impact the financials?

Our property manager (who also recommended this contractor) says it will rent for the same money and your property will be better taken care of b/c most likely the tenants you'll attract won't have kids and that the ARV will be the same, or marginally lower.

What's been your experience? Property is around 950 square feet and when our agent sent over comps, another 3 bedroom property 1/4 mile away that was 900 sq ft. had a great ARV and we are essentially going to replicate what they did there...with the exception of finishing the basement b/c that adds marginal value. Would love to hear your thoughts?