If you can legally add a bedroom in the basement, you likely need a bathroom with it...just for practicality reasons.
You’re on the right track; comp it yourselves. Pretend you’re looking for a 2 bedroom rental and compare what you see with what you could create. The bathroom in the basement isn’t necessary. Second bedroom is very important for increasing demand.
And I say: try to do it yourself! The work, that is. I’m teaching my teens (boys and girls) how to cut in a window, add a light fixture...
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you