Whether you are giving a home a cosmetic makeover or changing the floor plan, your renovation must add value to the property. Adding a bedroom can be a valuable strategy to maximise your profits. However, there are times when it doesn’t pay.
In this episode of She Renovates, Bernadette Janson discusses determining whether an additional bedroom will add value to your property. Here’s a hint: It’s not always a good idea to blindly follow the statistics.
Adding a bedroom to an existing floor plan is a fantastic strategy for adding value to a property if you make informed decisions about its viability. To make it easier for you to do your due diligence, Bernadette has outlined the five questions you must consider when determining whether an additional bedroom will boost your profits.
Watch the Episode on Video:
- 00:00 Intro
- 02:56 What is difference between the 2, 3, 4 bedrooms in a property?
- 04:26 It’s a mistake to rely purely on stats
- 06:50 Adequate dimensions of a bedroom
- 08:57 Ratios
- 10:43 Does it work with your strategy?
- 13:59 Case Study
I often see. Floor plans where a bedroom has been added. And if that were to go ahead, it would almost certainly devalue the property. So this is a fantastic strategy for adding value to the property, but you need to make really informed decisions about its viability”
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