Secondly, the length of time you plan to be in the home because you need to amortize the cost of the improvements which will only be partially recoverable upon sale and may harm the value of the property if the change is not suited to neighborliness demographics.
By way of illustration, I am an empty nester with no intention of moving in the next 10 years. i would do the change irrespective of what it might mean in the future.
Advance Realty Timonium, Inc.
Home Office; (410) 560-4574
Keller Williams Excellence Realty
Why do you think it might be a bad idea?
If you intend to sell the house, refinance, or you're concerned about your career going south (or all of the above) in the near future, then it may be a bad idea.
If you feel none of those circumstance are relevant, then knock yourself out and make yourself happy. God knows, many folks in this country have suffered enough over the last 4 years....
If you want a masterbath/closet, darnit, get yourself a masterbath/closet. If you need a contractor, contact me and I'll give you the name of mine. I use him to do all the renovations on the houses I buy, fix and flip. He's awesome.... and won many awards for his work. Except don't do it when I need work done of course :-) Don