Thoughts on converting a garage to a bedroom?

[Jonathan Feliciano]

Hi BP Community!

Recently, I've been thinking about purchasing a 2/2 SFR with a garage, and converting the garage to a 3rd bedroom.

I think this is a good strategy because you can purchase a home at a cheaper price (compared to a 3/2), and you can increase your cashflow with the additional 3rd bedroom.

What are your thoughts on this strategy?

I am especially eager to hear from those that have implemented the aforementioned strategy. What was your experience like? And would you do it again?

[Caleb Brown]

It is common in my area. It's very simple and easy. I'd look at comps compare what a 3/2 would rent at/valued at without a garage. Also see if it's easy to do or if you need to do permits, etc.