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Updated about 8 years ago, 12/07/2016
What's better, adding large 4th bedroom or 2 small bedrooms?
3 - 4 weeks ago, I closed on another property which will be a hold property (rental) and I may sell it after about 5 to 10 years as a rental.. Now, that property needs a full rehab and I'm doing 95+% of all work myself. There is a bonus room that is 22 x 11 feet (inside measurement). Now, I have to decide if I will convert that bonus room into 1 or 2 extra bedrooms. Home is a 3/2 with a 2 car carport (which I will convert into a 2 car garage).
If I'll go with the 1 extra bedroom option, I would probably just add a walk in closet to the existing bonus room, making it a fairly large extra bedroom. Now, the 2nd option would be to turn that bonus room into 2 bedrooms which will end up being about 9 x 11 each with each of them having a large closet but no walk in closet. Cost would probably be about $700 higher if I'd go with the 2 extra bedroom option. Not sure if it would be a better investment if I go with the 2 extra bedroom option or with the 1 large bedroom option? Adding a 3rd bathroom is too costly and I'm not sure if 2 bathrooms is enough for a 5 bedroom home. So, which option would be the better option when it comes to both, resale and rental value?
Go with 1 large bedroom and a 1/2 or 3/4 bath. Best of luck with your investment.
FWIW, I own a 4 bed, 2 bath as my primary, and I occasionally wish it had a third bathroom (or at least a half bath). I couldn't imagine having five bedrooms and only two bathrooms.
So, I'm on the side of making it one large bedroom with a good sized closet. If there is a cost effective way to add a half bath, I'd at least give that consideration as well. There seems to be a trend right now in having houses that have two master bedrooms, so you may also want to keep that in mind. Good luck!
Adding a bathroom is too costly.. Adding a sink and shower is doable as I could connect it to the kitchen supply and drain but adding a toilet is too much time and money.. Cutting open the slab to lay the pipes for the toilet is too much work.. If it wasn't a concrete slab home, it would be a different story..