In response to my recent request for blog topic ideas, a reader who owns a 3 bedroom home near The University of Miami wrote in asking whether or not he should add an additional bedroom to his home in order to get top dollar for the property. Specifically, he asked me whether he should convert his garage to a bedroom or build an additional bedroom by adding more square footage.
The answer depends on the purpose of the 4th bedroom. If you are adding a 4th bedroom prior to selling and are trying to increase your home’s value, I would advise against it. The cost of adding a 4th bedroom or converting the garage would not result in a significant ROI that would be worth your while.
If you want a 4th bedroom for personal reasons, then I would rather see you build out additional square footage to the home as opposed to converting the garage space. Garages are very important to buyers in Coral Gables!
I love hearing from my readers….keep the questions coming!
The real estate market in Coral Gables is changing rapidly, call us today for a no pressure home valuation. We would be happy to sit down with you and go over all of the recent comparables. Please contact me at 305-342-1623 or send me a message here.
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