3 or 4 bedrooms in new house?

go2force · Feb 12, 2020 1:04 pm

Hi all

We're going to hopefully start building our new house (29 Square on a 448m2 block) in Jubilee Wyndham Vale in the next 12 months. Wifey and I are trying to decide between 3 or 4 bedrooms.

I would prefer 3 bedroom and 3 bathroom (all ensuites). With the extra space from that 4th bedroom to be distributed mostly to grand living, additional bathroom and walk in robes. Volume builders won't do this so most likely, we will end up with a custom builder.

My brain tells me that for resale value we should have 4 but we're building this house for us to live in for the next decade at least. Plus, we'll be building in a new estate that is already full of standard 4 bedders..

We are a young couple with no children right now and plan to have one child in the future. We rarely have people over to stay.

So the house would still be the same size as a 4 bedder, just with 3 larger rooms and 3 bathroom.

So my main concern is:

1) Will the bank's valuation be much lower for a 3 bedroom 3 bathroom house rather than a 4 bedroom 2 bathroom house? Can someone make an educated guess on the difference? - DON'T NEED LAST MINUTE LOAN ISSUES
2) Will the future resale value be greatly hampered? Will a custom build offset this slightly?

What do you think?

Cheers

Joker · Feb 12, 2020 10:46 pm

Ask local real estate agent,but it could definitely devalue your home as someone looking to buy in your area would be looking for a 4 bed home,that's why so many are built.

alymei · Feb 13, 2020 5:21 am

We have 4 beds, 3 with WIRs plus a study.

I would think it would make a difference to the valuation.

DamNita · Feb 13, 2020 11:37 am

Unless this is your forever home, you should consider what would be more attractive to a home purchaser, as you have mentioned. I have 2 bathrooms and a powder room. I loathe having many bathrooms as it pains me to clean them all.

My vote is 4 bedrooms.

go2force · Feb 13, 2020 11:39 am

Joker

Ask local real estate agent,but it could definitely devalue your home as someone looking to buy in your area would be looking for a 4 bed home,that's why so many are built.

yes, exactly my concern!

go2force · Feb 13, 2020 11:40 am

DamNita

Unless this is your forever home, you should consider what would be more attractive to a home purchaser, as you have mentioned. I have 2 bathrooms and a powder room. I loathe having many bathrooms as it pains me to clean them all.

My vote is 4 bedrooms.

To be honest, I don't know if it's a forever home but I am pretty sure I am not moving away for at least 10-15 years. Bathrooms are always a pain, aren't they! Thanks for your opinion though.

go2force · Feb 13, 2020 11:41 am

alymei

We have 4 beds, 3 with WIRs plus a study.

I would think it would make a difference to the valuation.

Yup, that's the kind of layout I was preferring. Valuations's such a spoiler.

shazaw · Feb 13, 2020 12:03 pm

I will go for more rooms, provided that you are not compromising the size of each bedroom. it's nice to have a larger size bedrooms :-P

Most buyers do look for more bedrooms if you are selling in future.
I have 5 bedrooms and I do use them all.

I vote for 4 bedrooms.

HaminZa · Feb 13, 2020 8:02 pm

Hi, we are building 32sq double storey on 375sqm. Like u, we were worried of area/ future valuation , lots of intergeneration families here, and not too sure will be forever home. We ended up with 4 bed (2 masters) with clever design, a future allowance for a 5th bedroom, will be used as a parents retreat atm. Something you could consider future 4th bed with minor changes. happy plan hunting.

go2force · Feb 14, 2020 9:56 am

HaminZa

Hi, we are building 32sq double storey on 375sqm. Like u, we were worried of area/ future valuation , lots of intergeneration families here, and not too sure will be forever home. We ended up with 4 bed (2 masters) with clever design, a future allowance for a 5th bedroom, will be used as a parents retreat atm. Something you could consider future 4th bed with minor changes. happy plan hunting.

thanks for the tip. I have now engaged a custom builder for some clever designing

Let's see hot it goes!

Blacktea2sugars · Feb 19, 2020 1:04 pm

I'd go for 4.

You can use the "extra" as a study/gym/spare/store room, but at least it's there, and you have it.
Nothing like wishing you had more space!

Potential buyers would want that 4th I'm tipping. Go 4!