Homeowners looking to sell their home are turning to a certain remodel investment first in order to attract buyers while also making day-to-day living more comfortable in the meantime.
Specific home amenities hold more weight and value than others, which can allow for an edge in the housing market as potential buyers hold out for such. And while the number of bedrooms in a home used to be a huge draw, more recent research has shown that most Americans have a large share of extra rooms going unused.
Studies have shown that converting this extra space into a bathroom would make for an ideal investment, especially with the average homebuyer seeking to buy listings with more than one bath.
According to Realtor.com, Over the past 12 months, 11.5% of listings had one bathroom, while 40.5% had two bathrooms and 29.6% had three bathrooms, according to the Realtor.com® economic research team.
“The vast majority of homes have two or three bathrooms, which suggests that buyers may value having more than one,” Hannah Jones, Realtor.com senior economic research analyst, explains.
“Price per square foot tends to climb with the number of bathrooms,” Jones adds. That’s likely due to the overall size of the home.
“Homes with more bathrooms tend to be larger and are more likely to be newer than homes with one bathroom, which would influence the price higher generally,” she explains.
