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Purchased a home a year ago in Commack. For the most part its very updated. The home is 4 bedrooms 1.5 bath (1 full, 1 half). Its a colonial w/ all bedrooms upstairs w/ the full bath up there too. 2 of the bedrooms are rather small. We're considering converting one of the bedrooms into a master bath / 2 walk in closets. I am hoping that we will at least break even on the investment if/when we go to sell, which we probably will in 5-10 years.
So do you think people would be more incline to pay more for 4BR 1.5 bath, or 3BR and 2.5 bath?
I was quoted about 40K from Alure for the work, which I know they are very much on the high end of the market. I'd like to get some quotes from other companies. Any suggestions? I'm not looking for a 'contractor' but an accountable company..
Nope. You lose all the people who put "4 BR" into an internet search engine or tell their agent they must have 4 BR.
But you're living in the house so you should do what works for you right now. Personally I wouldn't do any major work in a house I thought I might be selling in as little as 5 years (barring necessary-to-live work). Just MHO
Allure will usually be the high end of the quotes but they also usually work pretty fast.
I would see if you could make the half bath a full bath. From my search, and from talking to my buyer's agent when we were looking, people are more attracted to a 4BR/2BA. We saw a house that was a 4BR/1BA. The kitchen in it was phenomenal, but there was only one bathroom. That house was still on the market, 8 months after we bought our house.
I would see if you could make the half bath a full bath. From my search, and from talking to my buyer's agent when we were looking, people are more attracted to a 4BR/2BA. We saw a house that was a 4BR/1BA. The kitchen in it was phenomenal, but there was only one bathroom. That house was still on the market, 8 months after we bought our house.
I agree that a 4 bedroom is more marketable and has more value than a 3 bedroom but that most people are going to want a second full bath. However, having a 2nd full bath on the main floor would not appeal to me, when all the bedrooms are upstairs.
I would talk to a local realtor and see if they think creating a luxurious master suite would offset losing a 4th small bedroom. However, it's likely that even if they feel it would still sell ok, you not see a full return on the money you spend, esp. not with a shorter time frame. So it should be because it's to make the house the way you want it to be to live there.
Purchased a home a year ago in Commack. For the most part its very updated. The home is 4 bedrooms 1.5 bath (1 full, 1 half). Its a colonial w/ all bedrooms upstairs w/ the full bath up there too. 2 of the bedrooms are rather small. We're considering converting one of the bedrooms into a master bath / 2 walk in closets. I am hoping that we will at least break even on the investment if/when we go to sell, which we probably will in 5-10 years.
So do you think people would be more incline to pay more for 4BR 1.5 bath, or 3BR and 2.5 bath?
I was quoted about 40K from Alure for the work, which I know they are very much on the high end of the market. I'd like to get some quotes from other companies. Any suggestions? I'm not looking for a 'contractor' but an accountable company..
What you're saying is that there is no separate masterbath .....just the full hall bath which everyone shares, with a powder room on the first floor? If so:
Convert the small bedroom to the master bath/closet.
No masterbath - your house would be automatically eliminated from my buying list regardless of how many bedrooms there are.
What if we put a 4th bedroom in the basement? (w/o a bath). Would that be enough to be considered for the 4BR search? or does that not count..?
Which member of your family would you like to have sleeping in the basement, esp. when the only full baths are on the 2nd floor??
IMO, the house needs to work for you and your family. If you need the 4th bedroom, keep it. If your family is comfortable in 3 bedrooms (a very standard sized home on LI) and you would love a nice master suite with a great bath and closets, then make the house what you want it to be.
But don't expect a dollar for dollar return on investment - home improvements just don't work that way, regardless of what HGTV tells you.
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