Hi,
I saw a townhouse which had it's internal access garage converted into a bedroom. Basically a stud wall had been placed behind the garage door. To all intents the room looked like a bedroom with a window.
My question is that does such a conversion (3 bed to 4 bed) increase a bank's valuation on the property and also expected rental income as per the calculator that they use?
I saw a townhouse which had it's internal access garage converted into a bedroom. Basically a stud wall had been placed behind the garage door. To all intents the room looked like a bedroom with a window.
My question is that does such a conversion (3 bed to 4 bed) increase a bank's valuation on the property and also expected rental income as per the calculator that they use?