So you are looking at buying a home, but you are wondering whether or not it is worth it to pay a little extra for a home with one more bedroom.
It’s a tough decision to make, especially when balancing other factors such as location and the other features of the home. However, having one more bedroom than you think you need could end up being a good thing for a number of reasons.
Expanding Family
Perhaps you only planned on having two children, but a third one might come along as an unplanned surprise… will you have enough room for everyone?
One of your children’s friends might have a bad home situation and need a place to crash for a while. One of your elderly parents might need to live with you for a while.
There are many situations when the family living under your roof might expand, (even if it’s just having guests over the weekend) so make sure that you have the space to accommodate.
A Home Office
If you are working from home or have your own business, a private space in the home to work can be worth its weight in gold. It’s really difficult to be productive when you are trying to work at the kitchen table with the rest of the family buzzing around you, so turn your extra bedroom into a home office.
Rental Income
An extra bedroom might be a great source of income, especially if it can be turned into a basement or attic suite. As long as you don’t mind the responsibility of being a landlord, you could rent out the room to a tenant and let their rent help you cover the mortgage payment.
Resale Value
Buying a slightly larger house with one more bedroom means that the home will be easier to sell in the future. This is especially true if all of the other homes in the area have similar amounts of bedrooms.
These are just a few reasons why an extra room can really come in handy. If you want to know more about home buying, you can contact me your trusted real estate professional.
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