Purchasing a less popular home model and upgrading for value.

[James Haffner]

Iv'e been looking for a 3 bed 2 bath home in the lake Stevens, WA area. I've noticed the price of homes are high compared to the rents . I can't seem to find something that will fit the #'s I'm shooting for. I've ran across some 3 bedroom 1 bath model homes. I've found that you can find these at a much better price. I did some back of the envelope math and found that the value of adding a bathroom compared to the cost of adding the bathroom could make it a solid investment. Has anyone ever used this model? If so, what were the road blocks that they found? What are things that I should think about before doing something like this? Thank you!