Impact of extra bathroom and laundry location on resale

Not an RE agent but a third full bathroom on the second floor would be a big plus, esp if you have 4 bedrooms upstairs.

CanadianAmerican wrote: ↑ Question especially to the agents on here.

For 4 bedroom detached homes in the 2000-2500 square foot range, does having a full third bathroom on second floor benefit resale much? Will it justify a premium over two full bathrooms?

What about having laundry on second floor versus main floor? Do most buyers prefer second floor?

Thanks!

No, not on a 2000-2500 sqft house. It would mean tiny bedrooms to have 3 full bath and laundry on the 2nd floor.

Buyers like both. Be careful though, you don't want to compromise decent bedroom space for a 3rd bath and a laundry area. I'd say 2000sf is too small to risk both, maybe just the laundry, but at 2300 sf or more a combined bath/laundry would definitely be a major feature. But heck in this market I saw a washer and dryer on the first landing of a front split right where the l stair curved and another just a couple weeks go directly at the bottom of the stairs to the basement. Both sold like there was no tomorrow.

CanadianAmerican wrote: ↑ Question especially to the agents on here.

For 4 bedroom detached homes in the 2000-2500 square foot range, does having a full third bathroom on second floor benefit resale much? Will it justify a premium over two full bathrooms?

What about having laundry on second floor versus main floor? Do most buyers prefer second floor?

Thanks!

It is 150k difference for less than 2500 sqft, 250k difference in 2500 to 3000 based on recent sales I saw in Brampton

Not sure you would get a quality size laundry room in that house size. If anything I'd prefer bathroom. Laundry can always go into basement which a lot of people still prefers.

GCSingh wrote: ↑ It is 150k difference for less than 2500 sqft, 250k difference in 2500 to 3000 based on recent sales I saw in Brampton

Are there any recent sales to see this difference?

Lavaris1 wrote: ↑ Are there any recent sales to see this difference?

yeah you can check below data . Both houses sold around same time , same lots size and sq ft size & same location area.

$1,499,999, Detached, 76 Enclave Tr, Brampton, W5472234, Sold :::: at 1.75million

$1,799,999, Detached, 46 Wheatberry Cres, Brampton, W5469543, Sold - HouseSigma: Sold at 2 million

GCSingh wrote: ↑ yeah you can check below data . Both houses sold around same time , same lots size and sq ft size & same location area.

$1,499,999, Detached, 76 Enclave Tr, Brampton, W5472234, Sold :::: at 1.75million

$1,799,999, Detached, 46 Wheatberry Cres, Brampton, W5469543, Sold - HouseSigma: Sold at 2 million

Op asked about impact on the price of two houses with all things being equal but one having an extra full 3rd bath and laundry on second floor.
You provided two houses that are completely different to each other in fit and finish...

5v4 beds (All bedrooms on the 2M is bigger)
6v3 baths
finished legal basement suite vs unfinished basement
Slighter more modern look on but carpet on 2nd floor so evens out.

GCSingh wrote: ↑ yeah you can check below data . Both houses sold around same time , same lots size and sq ft size & same location area.

$1,499,999, Detached, 76 Enclave Tr, Brampton, W5472234, Sold :::: at 1.75million

$1,799,999, Detached, 46 Wheatberry Cres, Brampton, W5469543, Sold - HouseSigma: Sold at 2 million

One visible difference is legal finished basement that’s worth now a days for 100k
That’s down to 150k difference
Add an extra washroom although unnecessary for 50k

Overall difference is 100-125 difference

Lavaris1 wrote: ↑ One visible difference is legal finished basement that’s worth now a days for 100k
That’s down to 150k difference
Add an extra washroom although unnecessary for 50k

Overall difference is 100-125 difference

Exactly, This is not a good comparison at all. The lower valued house can't compete with its unfinished basement and 4 bedrooms 4 baths compared to , and the 2nd floor is also more than 100sf larger, which means the house is at least a 200sf larger above grade than the lower priced house, The more bedrooms the more warm bodies to pay for the mortgage.

Nor does it explain why 3 days later 4 bed 5 bath with an apartment sold for exactly the same price.

That $2mm house set a record in that part of Brampton in a bully offer after a very bullish December that tossed out some just as ridiculous not worth it prices compared to the west side with larger single family only homes. It was alsoat the start of the annual maket when people get more panicky about the March to May prices. That $100k value was last summer it's now a $150k premium.

This is a perfect demonstartion of why prices are illogical ans some people just can't compete. They're just arbitrarily assigned and in many instances backed by a pooling of funds which many fpeople can't or don't want to do.