 Posted 2/26/2008 7:10:41 PM
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| We built our house 3 years ago without a master bath. Now that I have to sell it, I find almost everyone wants one. Although I have lots of showings, I haven't had any really interested buyers, and it's been two years. I've lowered the price to $15,000 below appraisal and still no offers. It would be difficult and expensive to add a masterbath & walk-in closet, and I'm afraid it wouldn't really make a difference. The real esate agents haven't been helpful. What to do???
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Posted 2/26/2008 8:36:01 PM
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All of my clients seem to want a master bath. Does your home have another bath? Is it a 3/1 or a 3/2 without a master for example? Prices/size/etc will differ from area to area. In my area houses under 100K seem to sell without a master bath. Once you get beyond that prices, clients seem to want a master, or at least another bath in the house.
You might try to get some feedback if possible. It could be a number of things that are keeping the house from selling. I know if someone ask me why I did not like the house, I will straight up tell them so they can fix it. Some people probably will not be honest, but the ones that are will be a huge help to you. You can even have them fill out a form and drop it off later (or mail it, postage paid) so they are not in an ackward situation by telling you face to face.
In my area, a master bath might or might not add enough value to pay for itself and make a sale. It really all depends on the price, location, etc. Good luck with it.
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Posted 4/8/2008 11:31:21 AM
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Have you thought of maybe offering the prospective buyer a reasonable amount to go towards the addition of a new Master BR? It does not have to be the full amount, but it lets the Buyer know that you have acknowledged the issue, and will negotiate a fair price at settlement to assist them in the remodel. Hope this helps you! Best of luck to you!
Venus Jackson
Long & Foster Real Estate, Inc.
North East, MD 21901
(443) 907-7849
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Posted 5/23/2008 9:10:21 AM
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That's a tough one. I think in todays market a master bath is just the norm. 40 years ago that was the norm. Times change. I think you may have to keep up with the time on this one.
Dave Mason
DebtFreeDave
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Posted 6/5/2008 11:31:11 AM
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| Ran in to the same problem. Even though we have 2.5 baths, the 2 full are updated&much larger then a typical 1950's ranch, half is in the master, I had an extensive # of buyers complain that there was not a full in the MB. most were coming from townhomes built in the last 10-20 yrs all of which had full baths in their bedrooms. as it was their norm it became a requirement moving forward. however, for us to bare the expense of a bathroom/walk in closet renovation would dive deep into pockets and a down payment for our next home,so, the most i did was update some faucets, paint, wall and floors groute (either replacing or bleaching) to give the existing baths a newer/extra clean appearance. for me, having viewed 50 or more homes in 2 years of looking, the state of the bathrooms (meaning the groute, glass doors, shower heads/faucets as well as vanity) are a very big deal so for anyone considering listing their house, use some muscle, rub off all the soap scum, replace as much as you can afford, give it a unified look remove all clutter-add some spa like accents and finally ....remove bathroom floor carpeting-who knows what lurks beneath the ripples of the carpet on your bathroom floor for the last 20 years...
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