Should You Add Another Bathroom Along With a New Bedroom?
If you’re planning to build an addition or convert an existing part of your home to a new bedroom, you may be thinking about adding another bathroom, as well. That may be a good idea in some cases, but not others.
Figure Out How Many Bathrooms Your Family Needs
If you’ve found that your home’s current design isn’t working, adding another bedroom to accommodate your growing family without building another bathroom may compound the problem. If family members have similar schedules and argue because they have to wait to use the bathroom, constructing another bathroom along with a new bedroom can eliminate the problem.
If you’re planning to construct a new bedroom for guests, you may want to create a suite with its own bathroom to give visitors privacy. That will also mean that members of your family won’t have to alter their routines when someone comes to visit.
Consider Your Home’s Footprint
If you want to build an addition to create a new bedroom, that will increase the amount of space your house takes up on the lot. Depending on the size of your yard, adding a bathroom as well may make sense, or it may leave you with a yard that’s too small for your family to enjoy.
If you’re not planning to build an addition, ask yourself if constructing a bedroom and a bathroom would leave you with enough space. You don’t want to sacrifice a large amount of valuable space from the kitchen, living room or another common area.
Think About Potential Return on Investment
With any home improvement project, you won’t recoup 100% of the amount you spend when you eventually sell your house. That doesn’t mean that home projects aren’t worthwhile, it just means that you need to spend your money wisely.
Some projects, such as kitchen updates, generally have a high return on investment. When it comes to the question of adding a new bedroom and bathroom, the other houses in your area will affect your ROI.
If your house currently has fewer bedrooms and bathrooms than others in the neighborhood, the upgrade will likely give your home’s value a boost and help you attract a buyer if you eventually decide to sell. If your house is comparable to others around it and you build an addition that makes it larger, that doesn’t mean that you’ll be able to recoup most of your investment when you sell. In fact, having a house that’s bigger than the rest in the neighborhood can backfire since buyers won’t be willing to pay significantly more for your home than for others nearby.
The timing of your home sale can also affect your return on investment. If you decide to list your home at a time when there are more interested buyers than houses for sale, you may get a higher ROI than you would get in a buyer’s market.