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adding a closet to make a 4th bedroom

Hello, we currently own a 1920 3bd / 1 bth four square home in Haverhill MA.  Would the value of our home increase if we added a closet to the 3rd floor "bedroom" and made the house a 4bd/1bth?
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May 21 2012 - Haverhill
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Answers (8)

You might list your home as 3 bd, + office and not add the closet. 
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May 23 2012
The bathroom ratio sounds better 3-1 than 4-1  I would leave the property as it is and try to make it look as nice as possible.
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May 23 2012
I think a better use of the money would be to make the house sparkle - some paint inside, eliminate clutter, make sure the grass is mowed and garden beds mulched, edges are crisp and no weeds. Wow the buyers before they enter the house, and keep them wow-ed when going through the house. They will not even notice not having a 3rd BR. Clean the basement too.

Not having a 3rd BR is not a detrimental to the price. Stage the house well and you will be surprised as to how well the house will show.

Perhaps you could set up the 3rd floor as an office. Put in a small desk, bookcase etc  (borrow them from a friend or family) You will return them when the house sells.

Good luck.
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May 23 2012
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Unfortunately adding a second bathroom is not an option.  We are trying to increase the value of the house but not spend thousands of dollars doing it since we are already very underwater.

We currently have 2 medium and 1 small bedroom on the second floor.  There is an existing room in the attic that is being used as a bedroom but has no closet so we can't advertise it as a "4th bedroom".

We are not on a septic system.
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May 23 2012
You must also consider the ordinance regulating adding a bedroom if your home is on a septic system.  Check with a professional before you do anything.
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May 22 2012
The 1 bath is the bigger negative; I would suggest that you would get a bigger bang for your buck as well as increasing the attractiveness of the house with another BA.  The 4th BR may not even increase any value due to the perceived view of "not enough bathrooms" to service the 4 BRs.

If you are not on a sewer system; your septic system would need to be upgraded to a 4BR system. The septic system would not have to be increased if you added a bathroom.

Whatever you decide to do, get permits.
TT
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May 22 2012
What are the sizes of the bedrooms?  and where will the 4th bedroom be located?
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May 21 2012
Hello,
Adding a closet to the fourth bedroom will add functionality and convenience. Value will depends on the size of the room, the lay out and the flow.

Thanks,
Varsha

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May 21 2012
 
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