Home reno to increase rent

[L. Brown]

Hey BP, I currently have a house that I rent out but would like to remove the current tenants, renovate the basement (by adding a bedroom) to re-rent the house at a higher price. This is my first time doing this, any would love recommendations on resources about how to do this, ie. how to budget for the renovations, how much to increase the rent by, cost/benefit to see if it’s worth it, etc.

[Bruce Woodruff]

Be aware that turning a basement into a bedroom can have it's unique set of issues....a) are you going to have to install a sewage ejector to move the poop uphill? b)Are you are going to have to add windows/doors for eggress/ingress? c) What about ventilation?