Never Remove a Bedroom
Everyone needs a little change from time to time. Some seek it in their daily habits, others in their social circles, and some in their homes. When that change bug bites you in the home environment, you can seek out any number of changes, improvements, or additions. However, you will want to keep your home’s value in mind as it can decrease even while adding other features. This is especially true when looking to remove a bedroom.
I recently previewed a renovated 2-bedroom home in the Trinidad neighborhood of Northeast DC. The renovation included the addition of a spacious master bath. The bathroom had custom tile work, fancy shower heads, and generous floor space uncommon for surrounding homes.
But there was one problem.
This 2-bedroom home started out as a 3-bedroom home.
The master bathroom was huge because it replaced the 3rd bedroom. That bedroom was now gone along with precious closet space in the master bedroom. Closet space that was not replaced elsewhere in the home.
Though the bathroom created a master suite, it was still only a bathroom. The space no longer retained the same value as it would with the extra bedroom.
In the end, the property didn’t sell (though likely not because it was a 2-bedroom). Still, there is no doubt that change made a difference in sales value of at least $20,000.
If you must remove a bedroom, remember…
In general, a 3-bedroom, 2-bath home will be more valuable and flexible than a 2-bedroom, 3-bath home. Even if the bedrooms are smaller. That difference affects the price, time on market, rent-ability, and the end buyer. This is especially true for our local market where each bedroom provides cash flow potential and more options for the owner.
Thinking of removing a bedroom to make another room bigger? Add an office? Walk-in closet? Master bath? Keep in mind that you may be cutting valuable money off your home’s equity down the road.
If you need to add another living space in your home and are starting by nixing bedrooms, you should find another way. But if you must remove a bedroom, consult a local Realtor or appraiser to understand how it will affect your sale.