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Updated almost 3 years ago,
Does Adding New Bedrooms To Existing SQ FT Raise Appraisal Value?
Do appraisers make adjustments for converting existing square footage into additional bedrooms?
We're converting a storage closet into a 3/4 bathroom and turning a sunroom and nook into 2 additional bedrooms.
The appraiser says the extra bathroom will add value to the appraisal but he won't add value for the 2 new bedrooms because he compares houses of equal square footage and not by the number of bedrooms.
Is this method the industry standard or do appraisers in other cities make adjustments for additional bedrooms?