Best 3 Bedroom Vs 4 Bedroom Resale
3 bedroom vs 4 bedroom resale. 11 15 2009 05 47 pm. It is the law of diminishing returns example. However if the house is larger than that then you can imagine bigger bedrooms and the possibility of putting two children in one bedroom. Investing in 2 bedroom vs 3 bedroom homes pros of each.
Empty nesters whose children have left home are especially attracted to this idea. The average area for a 3 bedroom home is 1 500 sqft while the usual bedroom would be 144 sqft. That s not to say there isn t value. If it was 2 bedrooms to 3 bedrooms the third bedroom is more valuable than a 3 bedroom to 4 bedroom.
In creating the following charts i did not have the option to compare 3 bedroom homes with 4 bedroom homes. Affordability it s common sense to think that the more bedrooms a house has the more expensive it is. The collective lending group explains why a two bedroom house could be better than a three bedroom house and vice versa. If they have 2 kids with family out of town they would consider a 4 bedroom over a 3 bedroom to have the guest room.
How will that impact resale value. We are building in a neighborhood prized for its school district so a 1st floor bedroom is nice but not essential for resale. If we sacrifice the smallest bedroom we can expand the master bath and add a walk in closet. The original floorplan is 5 bedrooms 4 upstairs 1 basement but we are interested in knocking it down to 4 bedrooms 3 upstairs 1 basement.
A buyer may not be thrilled with a 4th bedroom turned custom closet if adequate closet space is already available. Kevin jimeno july 26 2019. Realtors advise against this change unless a homeowner plans on reverting back to two bedrooms before selling the house. According to a study by the national association of realtors three bedrooms and two bathrooms is the.
The smallest bedroom is 10x11. In my area western pa a three bedroom is standard and therefore the value of adding an additional bedroom isn t the same. The current master bath is 6x7 very small and there s no walk in closet. If a family has 4 kids they would consider a 4 bedroom over a 3 bedroom.
I would go for the 4 bedroom that way if whoever buys it doesnt need the 4 beroom they would have an extra room for computer playroom sewing room personally i would love to have the extra room most ppl would go for the 4 bedroom if nothing else fix one room with built in shelves and stuff that way down the line they get a home office or playroom or hobby room. Our neighborhood is a mixture of 3 and 4 bedroom homes. It seems like most people search for a 3 bed 2 bath homes. So is that true that only having 3 bedrooms is a negative.
We have a traditional 4 bedroom 2 story home. The difference between the 2 bedroom vs 3 bedroom resale value can be significant enough to make it worthwhile to add the wall back. Value and price are different but i doubt the bank would consider the other house since it hasn t sold. Resale value 3 vs 4 bedroom.
Therefore the closest i could do is 3 bedroom homes vs.