Does extra bedrooms would increase the value of property?

Some of the best places I have ever renovated upwards in value were 2 bedroom houses in good suburbs with large long blocks of land to work with.

The answer is yes .. you need not only to just plop extra bedrooms on .. but for each 2 extra bedrooms you need to add one toilet and possibly another bathroom (sub in a walk thru ensuite).

However if you add extra space .. make sure you also qualify that with matching living conditions. A four bedroom house with only one single living area up the front still is .. kind of useless to just about everyone. Also a four bedroom house usually demands a larger kitchen space simply because of the catering traffic.

A smart renovator works with the existing floorplan and complements the existing floorplan .. not losing the original character of the pre-renovated state and matching it with extensions that build on top of that.

Remember however this important point. A baubled and gilt plated three bedroom house does not become a palace. It remains a three bedroom house. Estate agents just count bathrooms .. bedrooms and land area. They wont notice if your tiles are imported from Italy, or your gold plated taps came at great expense .. or that the renovations cost you twice what they should have. They will look at the barebones of the existing house .. and assess value based on that.

Hello Eddy, 

As per Catalyst, I recommend getting what you want to do verified by the council or a private building surveyor. No point going through all the pain if it ain't going to be legal.

I'm pretty sure you are not allowed to call a room a bedroom unless it has a window to the outside world.  Presumably a skylight might be accepted as an alternative.  A quick hunt on google finds this;

http://somersoft.com/forums/showthread.php?t=52530&page=2

refer to comment number 23 which says:

"the Building Code of Australia requires bedrooms to have at least ventilation equal to 10% of the floor area and light (glazing) equal to 20%. I think that skylights would give an unsatisfactory feel to the room.

You will need approval from ACTPLA to put in a window otherwise, when you sell, it will show up on the Building Report (which you will have to provide) as being unauthriosed work and give any potential buyer an "in" to chisel the price.

You are probably not selling at present but I thought I;d giveyou the "full version"…..

Also, people dont often realise but unauthorised building work is not insured and is not insurable unless approved….just a thought"

Generally, any improvements can increase your home's worth. But before spending money. you have to consider your present situation and your budget. How long will you keep or stay in the property?  Any immediate plans of selling it.? What's the average selling price of the  property in your location.  You don't want  value of your property beyond the ceiling price. But again, whatever your decision is . See to it that  you do your sums and make careful research.