No matter what the reason, if you’re selling your home, I bet your main goal is to get the highest possible price for your property. According to the 2017 Home Buyer and Seller Generational Trends Report conducted by the National Association of Realtors Research Department, most home buyers are 36 years old or younger, married, and have underage children living with them. This results in most buyers preferring homes with three bedrooms or more.
Adding Extra Bedrooms
Depending where you live, each bedroom in your home will typically add 50% to 70% of the price per square meters. So, not only will you sell your house faster but you will also be selling it for a higher price. Also don’t forget that a bedroom only looks as good as its bed, so go visit a mattress store like, Las Vegas mattress store Best Mattress, and check out the great deals they currently offer for a great looking bed.
It Can Cost Money
Yes, at first glance, adding an extra bedroom seems impractical. It will cost you money and time. However, the National Association of Realtors assures you that it will be an investment with sure returns. As mentioned, each extra bedroom adds an increase of up to 70% to your return investment, and in some places, maybe even more.
Extending the House Might Sacrifice the Outdoor Space
According to the National Association of Realtors’ research results, home buyers are no longer looking for big houses. Most home buyers today are looking for homes that make use of all the available spaces. For that reason, you no longer have to create an extension that sacrifices your outdoor space. All you need to do is to identify the unused spaces of your home like:
● The Attic or a Storage Room - Repurpose your attic or storage room into a perfect bedroom for kids. Open the space up by adding skylines. Once done, you might not want to sell the house anymore. This is a good sign as interested buyers who will view your property will probably feel the same.
● The Basement - The basement might be a little tricky to convert into a bedroom. If your house is an older model, you will need to check if your basement is safe. Luckily there are experts to help you with this renovation. Check out RenovationExperts.com or look for a local expert to help you. Transform your basement from a scene out of a horror movie into a bedroom that impresses potential buyers.
● The Garage - An unused garage is a perfect space to convert into a bedroom. Converting your garage into a bedroom will cost you less than converting the basement.
Remember: Balance is Key
Do not make the mistake of sacrificing your living area to increase your home value. Even if the price per square meter of a living area is comparably lower than a bedroom, most buyers list it as one their requirements for purchasing a house. To be better guided on how to increase your home value, contact a good realtor.