This is a brilliant move for this specific property. Since the basement already has a tub in place and 500 square feet of finished space, you’re halfway to the finish line. Upgrading from a 3/1 to a 4/2 is the single best way to maximize your ROI here.
In the 40215 area, a 1-bathroom home is a tough sell for larger families. By finishing that basement bathroom and carving out a legal bedroom (ensure you have proper egress!), you're shifting this property into a completely different buyer and renter pool.
| | Current (3/1) | Post-Renovation (4/2) |
| :--- | :--- | :--- |
| Estimated Value | $188,000 - $207,000 | $220,000 - $235,000 |
| Monthly Rent | $1,175 - $1,350 | $1,550 - $1,700 |
| Target Buyer | First-time buyer | Growing family / Investor |
From a pocketbook perspective, finishing a bathroom where plumbing is already roughed-in typically costs $5k–$10k but can add $15k+ in immediate equity. It also makes the home much more competitive against the higher-end neighbors like 3219 Taylor Blvd, which recently sat at $160k+ with more bathrooms.