Updated over 2 years ago on . Most recent reply
Thoughts on converting a garage to a bedroom?
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?
Most Popular Reply
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.
- Caleb Brown