You might hear from real estate agents that a three-bedroom property sells faster than its two-bedroom counterpart. While this may be true, there are also some exceptions. In case you are planning to do some renovation and thinking if you will down-size the number of rooms, consider the following factors:
Lifestyle Choices
Before deciding to remove a bedroom, you need to think how you use the space. In case your kids have moved out, has the room become a storage space? If you are a young family and you think you will be having another child, then the room might come useful later on. So plan well ahead before converting your three-bedroom house into a two-bedroom abode.
Keep your options open
You need to imagine what will be your life like about a decade from now. If you have two boys, then these kids will eventually ask for their own rooms. Renovation and changing the configuration of your home can be great but weigh the pros and cons of your move.
Potential for reselling
Having a two- or three-bedroom property makes your property in demand. Buyers look for these properties especially those families with a kid or two. Before renovating your property, take into consideration the potential for a resale.
Investment potential
If people will buy your property as an investment, a third bedroom might add to its value. On the flip side, a third room converted into a luxury feature like a walk-in closet, an entertainment room, or a steam room will also be a magnet for luxury buyers.
