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Convert two bed to three bed?

Our house is a two bed. Upstairs has a large bathroom, a very large master bedroom and a fairly large second bedroom. Downstairs has a small entrance hallway, medium sized living room and large-ish kitchen diner.

My wife is convinced we should remodel the upstairs to make it a three bed but Im not convinced it's worth it. Two other house on our road have done the same and they have ended up with an upstairs with two small bedrooms, a medium bedroom and a small bathroom (no room for bath). And the downstairs is still relatively small. 

My opinion is we should spend some of our savings (and not get a mortgage extension) to completely re-do the bathroom, which is in a horrible state (rest of house is nice). 

For context the re-modelled 3 bed sold for £270,000 in 2016 a month after we bought ours (two bed but end terrace with large drive to side) for £245,000. So it feels life our house already may be near the limit for the road?

Januray 2015
CC - £2100 NOW £1222
CC - £1006 NOW £890
LOAN - £2100 NOW £0.00
OD £810 NOW £0.00

Comments

  • tacpot12
    tacpot12 Posts: 9,295 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    What is the purpose of adding a third bedroom? If it is just to increase the value of the house when you eventually sell it, I wouldn't bother as the mess and disruption will be significant, and you might never sell the house.

    If you know that you will be selling, you need to find out how much the conversion will cost (now that building materials are substantially more expensive) and also how much different it will make today as house prices have risen about 15% in the last 12 months alone. 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • EssexExile
    EssexExile Posts: 6,472 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Do you need two bedrooms or three?
    Tall, dark & handsome. Well two out of three ain't bad.
  • Post a floorplan?
    No man is worth crawling on this earth.

    So much to read, so little time.
  • I’d build in a really good sized storage space. That is useful and valuable 
  • Given the very large number of threads started by people on the House Buying, Renting and Selling board and this one about noise nuisance from neighbours a better use of your money might be soundproofing the wall between you and next door. That might turn out to add much more value to your house than any other improvement you could make but it all depends on your circumstances, location, stage of life etc. 

    "She could squeeze a nickel until the buffalo pooped."

    Ask A Manager
  • Doozergirl
    Doozergirl Posts: 34,078 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Given the very large number of threads started by people on the House Buying, Renting and Selling board and this one about noise nuisance from neighbours a better use of your money might be soundproofing the wall between you and next door. That might turn out to add much more value to your house than any other improvement you could make but it all depends on your circumstances, location, stage of life etc. 
    It's virtually impossible to do without a huge investment.  

    OP, do you need three bedrooms?  
    Everything that is supposed to be in heaven is already here on earth.
  • phoebe1989seb
    phoebe1989seb Posts: 4,452 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 9 September 2021 at 11:51AM
    Agree with Rosa - the existing floorplan would help 😉

    As part of a major reconfiguration of our upstairs layout, we considered adding a third bedroom. In the end we chose to keep a large main bedroom and put in loads of extra storage - in a newly created hallway - instead....

    But - ours is a downsize property (we sold a large four bed to move here, and previously we owned a fairly huge six bed) and I think I was struggling to come to terms with having a so much smaller house...equating number of bedrooms to house size, lol! 

    We actually have a fairly spacious ground floor for a two bed - it's a quirky property, formerly a mill, 400 years old -so wondered whether with two beds the house was bottom heavy! However, there's only two of us at home now and there's plenty of space for guests if we have them (usually two or three times a year), therefore we concluded it was better to have a good size bedroom for ourselves as well as a decent double for a spare room, than to have three fairly small bedrooms 😉

    We also wanted a big bathroom - again, having owned much larger houses spoiled us in this respect 🙄 - and didn't want to compromise on that. This involved reconfiguring the entire upstairs as the existing bathroom had no window (plus the numpty previous owners had placed a stud wall through a chimney breast!).

    Our existing layout was really difficult to work with and it took over two years to work out what to do with it (and that's with both of us having design backgrounds - DH in bathrooms and interiors, lol!), but finally we're happy with it as it suits our lifestyle and we've no plans to move for a long time 😃 

    It's important to consider how long you intend staying at the property.....
    Mortgage-free for fourteen years!

    Over £40,000 mis-sold PPI reclaimed
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