May i have budget friendly ideas to turn a master suite into a studio
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What kind of studio? Art, music?
Oh. Forgot to put a specific. I actually wish it could be a sewing room for me or just someplace to unwind (like a "she shed") but it'll be a rental unit since we need the extra income.
Pictures would help us.
A studio apartment should not require any major changes, depending on a few considerations. The master suite should have a full bath. Fix anything broken or loose, including the toilet seat and towel bars. Clean it immaculately, of course. If you are renting it furnished, all furniture should be sturdy and in good repair. A bed, dresser and/or a chest of drawers, bedside table, a table for writing and eating. A trash can in the room the right size for garbage day. If you will allow cooking, you should provide a small kitchenette. If you put it on the wall the bathroom shares with the bedroom, it will be much cheaper to connect a water pipe through the wall. If you have to take a closet to do it, as long as there is one closet, that will be okay. The kitchenette has to have a fridge, stove and sink. Make sure all the wiring and plumbing and fire safety are up to code. You can buy apartment size appliances and sink, but try to buy them used. College students often leave lots of their dorm or apartment furniture behind if they can't sell it first, usually dirt cheap. You can put up a notice on a college bulletin board and you may get multiple phone calls. It has to be clean and in working order. Decide if you are going to provide linens, and if you are, you need to provide two sets of bedding and 4 sets of bath linens. If you are going to allow use of your washer and dryer, decide who will provide laundry products. If there is a separate entrance, it makes it easier to keep your lives separate. A studio apt. needs a smoke alarm, a fire extinguisher, a private space to park if possible, and a lease that clearly defines what the cost and other payments will be. Are utilities included? How much deposit before moving in? Price of lease. What is open to use? Are pets allowed? Are overnight guests allowed, and for what maximum days? How can the lease be broken, by either of you? You can get a copy of a general lease on line and at some office stores. Make sure you get more liability insurance, and maybe more home insurance in case of fire or something. Of course, check your local building and rental codes. Check your home insurance coverage to see if it allows renting part of the house. Estimate what you would clear in a year and if it will put you in a different tax bracket. And run a criminal and credit check on serious applicants, with their permission, only. And check work and housing references back at least three years. Becoming a landlord has more involved in it than you might think. Best wishes 😇
First of all you would need to check your zoning to see if this is allowed. Seperate units require an entrance and an exit in case of fire.. This could be a egress window with an emergency ladder if on second floor. Otherwise I would advertise it as a room to let instead of a studio. You could still provide a mini frig, a microwave, an infared hot plate.