Investment potential
Investors naturally want the most bang for their buck when they buy a home. In the past, that “bang” has been about how many bedrooms there are, but that’s changing. As a landlord, I’m always aware of how much more I can charge for a home with an extra bedroom, but more and more renters are looking for luxury. A steam room, a beautiful bathroom or a large master with a walk-in closet could be the lure, and snag just as much rent as a third bedroom would. I’ve renovated enough properties to know that renters have different needs, and an upscale two-bedroom property could be the ideal space for lots of people, so don’t let the myth of the third bedroom stand in your way.