Maximize Rental Profits by Converting Living Rooms
Converting living rooms into other versatile rooms is an effective use of living spaces that can maximize your profits. Today, we explain how we can turn a living room into another usable room. Room, as in “bedroom”? Notice that we did not use the word bedroom. It is because, in many municipalities…
Converting living rooms into other versatile rooms is an effective use of living spaces that can maximize your profits. Today, we explain how we can turn a living room into another usable room.
Room, as in “bedroom”?
Notice that we did not use the word bedroom. It is because, in many municipalities and cities, it is illegal to turn any space into a bedroom without the approval of the city.
So what is a bedroom? The following are the basic requirements of a room that can be a bedroom:
- At least 70 square feet (7 by 10) – size
- Has a window that opens up to a certain degree (as a means of egress)
- Has a door (as a means of entrance and egress)
- Has a closet (can easily be added or removed)
Can all living rooms be converted into a bedroom?
Living rooms often have no doors, so you cannot use them as a bedroom. So what we will do is build barn doors. These are an excellent, modern way of turning a living room into a bedroom. Barn doors are also very affordable. The materials are only a few hundred dollars, such as the track and doorknobs. It adds versatility, so you can choose to convert the living room as a bedroom or additional space.that we did not use the word bedroom. It is because, in many municipalities and cities, it is illegal to turn any space into a bedroom without the approval of the city.
For example, you have a two-bedroom property with a dining room. Normally, that might rent in the Allston-Brighton area for $2200 to $2300. We can convert the dining room into another usable room by just adding a barn door as well as a potential closet. You can rent out that additional room. You still have all the living room, but turning a formal dining room into this other room can mean a $500 to $600 increase in rental profit per month.
So if you or anyone else you know is looking for a proactive property manager to help guide you through how to best use your space such as converting living rooms to maximize your rental profits, please think of Green Ocean Property Management: where you get more than a property manager, you get peace of mind.
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