Guests and sharing your home with friends is part of what makes life and company enjoyable. With rent and home ownership becoming so expensive, the luxury of an extra room with a bed is becoming more and more expensive.
While Dallas Ft Worth has done better than the national average, you’ll find that two bedrooms are averaging $1,100 to $1,500. And that is for an average 859 square feet.
How about adding a third bedroom? The average cost across the U.S. of adding a third room is $190 a month. That adds up to $2,280 a year and you could easily price yourself above that if you enjoy larger square footage or a nicer neighborhood.
If you live in an expensive area, these numbers go up dramatically. 3 bedroom townhomes in Dallas can easily reach up to $4,000 to $6,000 a month and more. The third bedroom often adds $300 to $1,000 or more from the cost of the standard 2 bedroom models.
As you can see, the above savings example is on the extremely low end – chances are you could save far more than $2,280 a year. What could you do with an extra $7,500 a year?