I have recently purchased a terraced property where the bathroom is downstairs, upstairs there is 3 bedrooms although one is quite small and located off the main bedroom, if I turn this into an ensuite will this devalue the property as now it would only be a 2 bedroom house?
2007-02-08 05:23:43 · 11 answers · asked by Gino G 1 in Business & Finance ➔ Renting & Real Estate
Generally it is said that house prices are dependant on number of bedrooms, so one would think you'd lose money doing that. However, if this room is located off the master bedroom, I don't think that this would hold true in your case because I don't think this could actually be considered to be a bedroom in the first place. The only alternative uses for the room are a study or a walk-in wardrobe.
So, I'd definitely go for it if I were you. Mind you, I don't have a realistic idea of how much it costs to put in the bathroom. But in terms of adding value to your property, I think it's definitely the preferable option over having a room which many people may consider to be unnecessary, unusable or a waste of space because it can't really be used as a bedroom.
2007-02-08 06:01:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
This is often done here in Cambridge where we have a lot of '2-up, 2-down' terraced houses. I think people in general prefer their bathroom on the same floor as their bedroom, so it would be a plus for many people. I wouldnt make it an en-suite though - anyone sleeping in the second bedroom needs access to a bathroom too.
2007-02-08 13:30:44 · answer #2 · answered by fengirl2 7 · 0⤊ 0⤋
If you are planning to live there for awhile what would you prefer to live with? The 3rd bedroom or an extra bathroom? From what you describe, small and off of the main bedroom it sounds like it might increase the value by turning it into a bathroom since it does not sound like a very functional bedroom.
2007-02-08 18:15:48 · answer #3 · answered by ebosgramma 5 · 0⤊ 0⤋
Interesting question, as the proposed new bathroom is off the master bedroom the only real alternative uses for it would be a dressing room or nursery, and an en suite should not harm the selling price, but that is going to be a lot of expensive plumbing I am glad it is not my dilemma.
2007-02-08 13:36:49 · answer #4 · answered by ♣ My Brainhurts ♣ 5 · 0⤊ 0⤋
people these days are looking for houses that are set out as family houses, its more apealing to the buyer to have 3 bedrooms, if you wer to say that you had a 4 bedroom house and one of the rooms wer tiny then i would tell you to go ahead with the en suit but with such a high demand on 3 bedroomed houses i would hold off on the en suit. An en suit is not as important as an extra bedroom, like i said it would sell better as a family home than as a first time buyers home.
2007-02-08 13:34:02 · answer #5 · answered by mhicks86@btinternet.com 1 · 0⤊ 1⤋
I was told that up to 4 bedrooms the price is partly determined on price over 4 beds it goes on reception rooms
I have no idea how true that is you know the rubbish that comes out of estate agents cake holes
2007-02-08 13:31:46 · answer #6 · answered by xXx Orange Breezer xXx 5 · 0⤊ 0⤋
Since you only recently purchased the property why don't you ask the Estate Agent and your own Surveyor? They at least will be able to give you a quality answer based on local circumstances.
2007-02-08 13:32:27 · answer #7 · answered by D M L 4 · 0⤊ 0⤋
If you downsize your home to a 2 bedroom, you are going to limit your potential buyers to singles or those without children. Only a smart choice if you live in a neighborhood of the same.
2007-02-08 13:30:52 · answer #8 · answered by Mum to 2 5 · 0⤊ 1⤋
It depends on the area you live in. Speak to a local estate agent, they should be able to give you a reasonable informed opinion.
2007-02-08 15:00:05 · answer #9 · answered by gerrifriend 6 · 0⤊ 0⤋
Yes you would lose around 10K, this is how much a extra bedroom is worth, approximately.
2007-02-08 13:28:24 · answer #10 · answered by rose 3 · 0⤊ 1⤋