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#242833 - 08/06/08 04:01 PM Real estate value after interior design
newguyontheblock Offline
Junior Member

Registered: 08/06/08
Posts: 1
Loc: northeast
I just bought a 2 br townhouse. 1 br measures 10x10 and the other is 10x15. Would the value of the property decrease if I converted these adjacent bedrooms into one large bedroom?

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#242869 - 08/06/08 07:04 PM Re: Real estate value after interior design [Re: newguyontheblock]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4725
Loc: Vermont's North-East Kingdom
If there are only two bedrooms, you better keep it as two. Not much of a Market for One Bedrooms. Everyone now wants a Computer Room; or a Library; or a Guest Room, or a "future" Baby's Room or all four. I could be wrong. I was wrong once before . . . . I just can't remember when !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#242954 - 08/07/08 06:19 AM Re: Real estate value after interior design [Re: newguyontheblock]
Bigtoe Offline
Veteran Member

Registered: 10/14/07
Posts: 1294
Loc: Outer Banks
Originally Posted By: newguyontheblock
I just bought a 2 br townhouse. 1 br measures 10x10 and the other is 10x15. Would the value of the property decrease if I converted these adjacent bedrooms into one large bedroom?


Not only will the value go down you would be creating a white elephant. When you end up selling, and everyone does eventually, not only will you have to deal with the lack of buyers for a 1 bedroom but the appraiser will have to compare yours with other 1 bedrooms.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#242960 - 08/07/08 07:47 AM Re: Real estate value after interior design [Re: Bigtoe]
Irene Dorang Offline
Member

Registered: 08/06/08
Posts: 10
Loc: Kirkland
Make that one more vote for keeping it at 2 bedrooms, you will bring more buyers in by listing it as a 2-bedroom and the functionality will fit more peoples' lifestyles.

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#250466 - 09/18/08 09:02 AM Re: Real estate value after interior design [Re: Irene Dorang]
MA Realtor Offline
Junior Member

Registered: 09/05/08
Posts: 4
Loc: Massachusetts, U.S.
I agree. Do not make it a one bedroom if you want to maximize the value. Invest in the kitchen, bath and fixtures.

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