What do you think adds more value? or if you can't be bothered reading below are we reducing the value of the home by adding a 4th bedroom?
We bought a 3bdr / 2 bathroom place over the weekend with a large family and formal dining area side by side and a formal lounge connecting it as well, forming an upside down "L" shape.
The house is a solid 60s? Double brick house which has been renovated over time. Has a terrible colour scheme and a kitchen that needs a match to it. (would have been very fashionable for a 10 minute period in the 90s...)
It needs a paint and a new kitchen however given the bedrooms are quite small and with the built ins even smaller, we are considering the following:
Converting the formal lounge into a large 4th bedroom with a walk in robe.
It would involve adding an internal wall (across the foyer), closing off a couple of entrances and all the electrical work etc. A part of this process would involve creating a new entrance to the kitchen and a new kitchen while we are at it.
Essential the house would be split into 2 with the 4 bedrooms and bathroom in the front half with A modern gallery style kitchen acting as an entrance to the other half comprising the living and family areas.
thoughts?
before you ask, its in an up an coming family suburb, with a lot of first home buyers and or investors.
We bought a 3bdr / 2 bathroom place over the weekend with a large family and formal dining area side by side and a formal lounge connecting it as well, forming an upside down "L" shape.
The house is a solid 60s? Double brick house which has been renovated over time. Has a terrible colour scheme and a kitchen that needs a match to it. (would have been very fashionable for a 10 minute period in the 90s...)
It needs a paint and a new kitchen however given the bedrooms are quite small and with the built ins even smaller, we are considering the following:
Converting the formal lounge into a large 4th bedroom with a walk in robe.
It would involve adding an internal wall (across the foyer), closing off a couple of entrances and all the electrical work etc. A part of this process would involve creating a new entrance to the kitchen and a new kitchen while we are at it.
Essential the house would be split into 2 with the 4 bedrooms and bathroom in the front half with A modern gallery style kitchen acting as an entrance to the other half comprising the living and family areas.
thoughts?
before you ask, its in an up an coming family suburb, with a lot of first home buyers and or investors.