We have a 4 bedroom 3 bath home in a high demand suburb of Atlanta. Current house market value is around $900K.
Layout:
Top floor: 3 bedrooms, 2 bathroom (including primary bedroom with onsuite bathroom) Main floor: 1 bedroom, 1 bathroom Basement: finished but no bed or bath
In the basement, we could easily put up one wall thereby creating a new bedroom or home office. It would have a closet, 2 windows, and a separate entrance.
Assuming it would cost around $15K to put up this new wall and change the flooring, would this new room result in a positive ROI when we sell (in the next 12-15 months)? My concern in is no bathroom in the basement so there may be no positive ROI at all.
I would welcome some thoughts and input about this.
Thanks.
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source https://www.reddit.com/r/RealEstate/comments/1q1vmqh/will_another_bedroom_or_home_office_result_in/
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