House Value 4 Or 5 Bedroom
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| Unless you're planning on selling within the next 3 or 4 years, I wouldn't make too many decisions based on the preference of some mythical future buyer. You're building a house to live in and (maybe) raise your family in. Make the decisions that YOU want to live with. If it costs you an extra $10k down the road when you go to sell it, so be it. You'll have enjoyed it for a decade by that point and won't miss the money. We've done both ways, and I can say our quality of life was much higher when we did what we wanted to do, instead of what an unidentified person in the future might want to do. If you're going to sell it within the next few years I'd give different advice, but I'd also say don't build a new house if you're turning it around that quickly. Last edited by Texascrude; 03-05-2018 at 08:50 AM.. |
03-05-2018, 08:26 AM | | |||
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| As far as adding "value" the additional room in terms of an appraisal is going to add value due to the additional square footage. Typically there is no additional "value" added due to the bedroom count in a 4 vs 5 bedroom. If that bedroom addition also includes an additional bathroom there is some additional "value" for that extra bathroom beyond any additional square footage it may add. In terms of marketability as some have already stated the 5 bedroom was a must for them. However, it's also easy to assume that there are people who would not want the additional bedroom as it would be a waste for them. My family being one of those. For us, when my son's were living at home, a fifth bedroom would have been completed wasted for us. As it stood we had a guest room which was rarely utilized. I agree with others who have said build the home to suit your desires / needs. |
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| One other factor is the community you are building, if most of the houses are 5 BR in your community having 4 BR becomes an issue when you want to sell it. The community I live in has 95% 5 BR homes with a small number of 4 BR homes. One of my neighbor couldn't sell his 4 BR home last year as most of the buyers were expecting 5 BR based on the neighborhood/price range. He had the house on the market for 6 months, reduced price couple of times and finally removed the house from the market and still living here. |
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| Quote: Originally Posted by colts01 One other factor is the community you are building, if most of the houses are 5 BR in your community having 4 BR becomes an issue when you want to sell it. The community I live in has 95% 5 BR homes with a small number of 4 BR homes. One of my neighbor couldn't sell his 4 BR home last year as most of the buyers were expecting 5 BR based on the neighborhood/price range. He had the house on the market for 6 months, reduced price couple of times and finally removed the house from the market and still living here. That's a great point. Majority of the houses I have seen for sale where we picked were 4 bedrooms (which is why I had such a hard time finding a 5 bedroom (that was also "new'ish") with a pool. |
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| I would say it would have to do with sqft. If you are getting above 4k sqft it would be more normal to see the 5 bedroom. My community maxes at about 3670 sqft. We dont do 5 th beds on our inventory as we dont have many people looking for them. We do have a handful that build adding it in. |
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| As lot of other commented here already, I also agree that 5 bed room was must for us when we were in the market few years ago. Adding 5th bedroom will increase total sq ft and that will also increase your appraisal value and annual property tax amount. As a buyer, 2 bed room downstairs (Master + Guest) and total 5 bed room was a MUST for us since we needed enough room for parents and out of town visitors. |
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| Quote: Originally Posted by mikestrong I would say it would have to do with sqft. If you are getting above 4k sqft it would be more normal to see the 5 bedroom. My community maxes at about 3670 sqft. We dont do 5 th beds on our inventory as we dont have many people looking for them. We do have a handful that build adding it in. If builder has a really well thought floor plan then it's easy to build 5 beds with about 3700 sq ft. You don't need to extend to 4K sq ft for that, but at 4K sq ft with only 4 beds means lot of space is wasted in open area. |
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| Quote: Originally Posted by dallas_cowboy If builder has a really well thought floor plan then it's easy to build 5 beds with about 3700 sq ft. You don't need to extend to 4K sq ft for that, but at 4K sq ft with only 4 beds means lot of space is wasted in open area. Every single 5 bedroom we found was at the minimum 4K sq ft. My current house in CO is 2500 sq ft with 5 bedrooms. We also don't have media rooms and game rooms either. Those 2 things seem to really jack up the sq footage (whether someone wants it or not). I mean how many sitting/hanging out rooms does one need? Apparently a lot in Texas. |
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| Quote: Originally Posted by vailbaby Every single 5 bedroom we found was at the minimum 4K sq ft. My current house in CO is 2500 sq ft with 5 bedrooms. We also don't have media rooms and game rooms either. Those 2 things seem to really jack up the sq footage (whether someone wants it or not). I mean how many sitting/hanging out rooms does one need? Apparently a lot in Texas. I don't know about your house in CO, but when I lived there we had a walk-out basement and most of our neighbors used their basements (walk-out or not) as some type of game room/family room/etc. We don't have basements here in TX, so people usually account for that space upstairs in some fashion. |
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| Quote: Originally Posted by NP78 I don't know about your house in CO, but when I lived there we had a walk-out basement and most of our neighbors used their basements (walk-out or not) as some type of game room/family room/etc. We don't have basements here in TX, so people usually account for that space upstairs in some fashion. Yes that's very true. Basements however aren't normally "part of the house" like a game room/media room. It's underground sq footage and might give you about 30% return on it. People love to jack up their sq footage when they list their house by including the basement but in general, below ground does not count. When people shop for a house here it's above ground sq ft and the basement part is just a "bonus". |
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