For my second IP I want to create a large amount of equity and have found a suburb where the median price difference for a 3 and 4br house is about $180k so naturally thought adding a bedroom (and maybe an ensuite) would be a good way to start. Cost seems to be pretty low (between $10-$25k?) and council approval if necessary. There's a few threads on SS but not much info there or on the net on the best way to go about it so would it be as "easy" as getting necessary approval, paying to add the extra bedroom, rent it and then get a reval 6 months later? Is there anyone on here who does this frequently? Noticed that a lot of For Sale ads don't proffer floor plans so makes it a little harder to judge online but they're all on large blocks so space wouldn't be an issue.