DEAR BARRY: Our house is 48 years old, and we have worked on it for the past 30 years. One problem is that it needs closet space. My husband wants to convert one of the bedrooms to make a large walk-in closet, with a passageway through the master bathroom. That would decrease the number of bedrooms from four to three and would reduce the size of the bathroom.
I am concerned that this will affect out ability to sell the home in a few years, when we retire. What do you recommend? --Marie
DEAR MARIE: If you decrease the number of bedrooms, you will definitely decrease the property value, and that will definitely matter when you eventually sell the home. Before you sell, an appraiser will determine the value of the property, and a major consideration will be the number of bedrooms.
Eliminating the number of bedrooms also makes the property less desirable to many buyers. A fourth bedroom is important in today's market ...