Living Room To Master Bedroom Conversion ROI?

[Gary F.]

Hello BPers.

I'm looking into converting the seldom used formal living room into a master suite with private full bath.  I plan to rent it out for cash flow.  But does such a conversion add or decrease value/appeal for later sale?  

This room is adjacent to the kitchen, separated by the front entry breezeway.  The kitchen has been opened up and the rest of the house is renovated.  So putting up a wall along that breezeway will close up the open feeling on that side obviously but the wall on the opposite side has been opened.  I cut a 6 feet wide opening that leads into the kitchen.

What say you folks?

[Richard DeLaO]

I would recommend also going to the County Assessors office or calling and asking if they will reassess your property, or any conversation, as you will be adding an additional bedroom/bath. 

Once you take a permit through the city, then the Assessors' office is notified, so why not just ask them directly, that way you know what to expect.

Without looking at a plan set/drawing of what you wan to do, it's hard to provide you with feedback. I would recommend designing the conversation that can be reversible if needed. Because you might not be able to sale it to a wider audience, or you might attract an investor that sees the potential of double income.