STEP # 3 : ADD BEDROOMS (OPTIONAL)

In the roommate approach of the simplest way to increase your ROI is to convert unused space into an additional bedroom.

When is this a good idea?

1. You will still have a living room and dining room for the coliving members to congregate in. Both of these spaces are required in all HomeRoom houses.

2. The conversion space already has an egress-sized window to the exterior of the property. This is required in case of a fire in all 50 states.

3. If the new space will be AT LEAST 72 square feet

How do we convert a bedroom?

1. A general contractor or handyman should be able to help here - the cost of a single wall should be roughly $1-$2K

2. Within the wall, you will want to include a pre-hung bedroom door

3. If the new bedroom does not have a closet - purchase and install a wardrobe from IKEA or a similar. (we recommend >40” wide)

4. Have the contractor clean up thoroughly and then have that followed up by a professional cleaning service.

5. If you convert space – you’ll want to wait until its complete and your house has been professionally cleaned prior to beginning step 4.