The best usually looked for homes are 3 bedrooms and 2 full baths, in general
But then the question is where would the 2nd bathroom be, does your home have a basement, is the rest of the home updated (kitchen, bath, windows, roof etc.) So your very best would be before you consider any major renovation to consult with an area experienced Realtor, who could also show you some homes similar to yours how they are updated and how they compare to yours..... listen carefully and take into consideration when you intend to sell, what you still owe to the bank, and how you would finance the renovation.... Adding a second bath, depending on where its location would be, may help you sell your
place, but have a Realtor look at the floor plan of your home, and get an estimate from several contractors
to have a good feeling of the expense needed to do any kind of renovation.
Take care and good luck
Edith YourRealtor4Life & Chicago Connection
Working always in the very BEST interest of her clients
I am not sure how you plan to fund the renovation but here are some options.
There are lending options that can be research on HUD.gov called the FHA 203K and it's streamlined version. These loans allow for a purchase or repair project to be financed. This product knowledge could be used as a selling point in that you allow the buyer to do it their way. These programs are perfect for over coming objections on any property whether it is repair items, expansion, upgrades or just the new owner wanting to personalize the home to their taste. You do not have the ability, to my knowledge, to refinance if your home is currently or has in the last six months been listed. I would recommend informing your listing agent of this as a potential selling point and then contacting your local mortgage lender found through HUD to go over the details of the loans ability to help you in your sale. Best of luck!
Patrick Cashman NMLS#215938
Unwavering Commitment to Service