ilmscore | Prediction Details
"what we were able to do was to move the laundry into the sun room we finished the sun room... we added a mini split air conditioning unit into that sun room so by doing that we were able to spend probably about five grand and so we added square footage... and by moving the laundry into that room we were able to create a third bedroom and so that $5,000 allowed us to sell this house for $220,000 instead of $200,000 so I spent five and I sold it for an extra 20 so that's $15,000 worth of additional value for spending $5,000"
By BiggerPockets | February 26, 2025 | Pending
From video
10+ High-ROI Rental Renovations to Increase Home Value AND Rents 00:08:13 - 00:09:12
Interpreted Prediction
Investing approximately $5,000 to convert an unheated sunroom into a heated/cooled bedroom (adding 200 sq ft and a bedroom) will increase a property's sale price by $20,000, yielding a $15,000 profit.

Prediction Details

Topic
Real Estate Value-Add

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.