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Home value before/after upgrading?

1,350 Views | 12 Replies | Last: 1 mo ago by will.mcg
gabehcoud
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We're about to have a bathroom added upstairs, giving us 3.5 bath instead of 2.5.

Other than pretending to a realtor that we're interested in selling how would I get a before/after estimate?
htxag09
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AG
Any decent realtor should still help you if you're honest with them. Good way to earn a future client.
AgLA06
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AG
gabehcoud said:

We're about to have a bathroom added upstairs, giving us 3.5 bath instead of 2.5.

Other than pretending to a realtor that we're interested in selling how would I get a before/after estimate?
I guess my question is what are you trying to figure out? It appears you're going to do the project regardless so it doesn't appear to be for analysis if the return makes sense.
gabehcoud
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Really only my curiosity.
vmiaptetr
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AG
Call your county tax office and tell them what you're doing.
04.arch.ag
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AG
ARE YOU ADDING SQUARE FOOTAGE OR TAKING OVER AN EXISTING SPACE. A LOT OF FACTORS WILL COME IN TO PLAY ON JUST A BATHROOM ADDITION.. IS IT AN EN SUITE? MASTER BATH? WHATS THE NEW BEDROOM TO BATHROOM COUNT?

gabehcoud
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existing space
jack & jill between two bedrooms
4/2.5 to 4/3.5
tgivaughn
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AG
A.I. Opinon:
Type of renovation
Payback upon resale (not to mention quality of Life)
Garage door replacement
75% payback on average
Wood deck addition
17.7% payback on average
Manufactured stone veneer installation
15.7% payback on average
Master suite addition
45% payback on average
Minor kitchen remodel
81% payback on average
Major kitchen remodel
59% payback on average
Bathroom addition
Increases sale price by 8.7%
20-foot by 20-foot addition
56% payback on average

My Opiinion - NOT a Realtor:
Bathroom #2 = 100% payback
Bathroom #3 = 70% payback
Bathroom #4 = 50% payback
Bathroom #5 = 30% payback
Etc.
Ten words or less ... a goal unattainable
04.arch.ag
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AG
Don't think you will get much ROI on the bathroom other than it being infinitely more marketable with the 3 full baths so the other 3 bedrooms aren't sharing a single full bath. Assuming you have a true master bath.
gabehcoud
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Yeah master & half are downstairs. 3 kids rooms and one small full bath with a single sink upstairs. Not going to work for 3 kids, so it's either add a bath or move when the bathroom fights start.
gabehcoud
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vmiaptetr said:

Call your county tax office and tell them what you're doing.
Speaking of taxes...will the city alert the appraisal district when we get the permits? Hoping TAD doesnt find out!
vmiaptetr
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AG
Yes, but they can't come into your house. They can only look from the outside.
will.mcg
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AG
A realtor will be able to run a market analysis & comps for you. New honest sign then about your possible selling time table.
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