If all else is equal, how much value does another bedroom or bath add?

Asked by Sarah, Mon Sep 10, 2007

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7
Maureen Fran…, Agent, Birmingham, MI
Mon Sep 10, 2007
It really depends on the home and what you are starting with. If you have a two bedroom house in some markets that can be very challenging to sell. So the third bedroom adds a lot of value. The fourth bedroom on the same house might not add as much value as the third did.

There is no numerical answer for your question. It all depends on the house, the market and the other typical amenities in the neighborhood.
Web Reference:  http://mioaklandcounty.com
1 vote
Jennifer Mon…, Agent, Charlotte, NC
Fri Sep 14, 2007
I trained as an appraiser and it is typically calculated as $500 per fixture, so a full bath would be about $2k. But if it's the second bath in a 3+ bedroom house, then market value could be many thousands more. A single bath can be difficult to sell.
0 votes
Joe Surmont, Agent, Shelby Township MI 48315, MI
Fri Sep 14, 2007
A three bed home has the most appeal. If you have a two bed home and you are building an addition, that 3rd bedroom can add some very marketable value - same with a 2nd bath. But my main point would be "why do an expensive addition in the first place". Often times an addition changes the floor plan and natural flow of the home. You may be making the home "perfect" for you but when it comes to selling it are other buyers going to see the changes you made as desirable? Selling what you have and moving to what you need may be the first option you should consider.
0 votes
Perry Hender…, Agent, Austin, TX
Mon Sep 10, 2007
My appraiser training say $500 bucks but that is pennies to the "wow" factor another bedroom or bath can add.
0 votes
smith3gary, Agent, White Lake, MI
Mon Sep 10, 2007
Sarah, When looking for homes, it's always best to get the most bells and whistles possible for the money. Always think about selling when you buy. I would agree with Maureen. More information is available at http://costvalue.remodelingmagazine.com/remodeling.storefron…


Bathroom Addition 34,509 18,534 53.7% (construction cost, resale value, percent recovery)
Master Suite Addition 60,538 32,076 53.0% (construction, resale, recovery)

Note the steep drop in value buyers assign to these improvements. This information is for the Detroit Quad-County Area.
0 votes
tom roberts, Agent, powell, OH
Mon Sep 10, 2007
Sarah,if br is above ground is one thing,but you can never have enough bh.are always a value.

TJ
Web Reference:  http://tjrobertsrealtor.com
0 votes
Artur Urbans…, Agent, Burlingame, CA
Mon Sep 10, 2007
Sarah,
It really depends where. To give you an example, in San Francisco for a 1000-1400 sq.f. house it can be in the range of $30-$50 k per bedroom. But it might be nothing or it can be much more. There are many factors that impact house value. High quality bathroom has best chances to increase the house value, but you have to watch for "over improvement" for a specific area. Sorry for being so unspecific, but there are no general rules to answer your question.
Web Reference:  http://www.cimpler.com
0 votes
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