Hi Anne, generally speaking an additional bedroom does add value, needs to have the closet and here in NJ and likely everywhere, an egress, ie, means to get out in case of emergency. As long as your change does not make the layout of your unit odd, it may very well add value. Ask a local agent what is selling best in your area, 2 bedrooms or 3 bedrooms - that is a very important consideration before you spend any money. And then, to be on the safe side, assume you will get a portion of your investment back - and perhaps not all of it. If 3 bedrooms are selling well, then making your change may be a reason that yours sells and others do not, but you may not recover all you put in.
I lived in Brooklyn - Carroll Gardens - Park Slope prior to that - for many years before moving out to NJ. If your plans bring you this way, please reach out to me for guidance.
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