If you’re thinking about buying a home, you may already be envisioning the chef’s kitchen where you’ll prepare meals. You might see yourself working behind an oversized desk in your future home office as well. Before you get too far ahead of yourself, though, take a moment and ask yourself one key question: Do I need a guest bedroom?
When you tour the larger homes for sale in York, PA and nearby areas, it’s easy to convince yourself that having a guest bedroom— or several of them — is an absolute must. While that happens often as prospective homeowners view the housing options that are available in the marketplace, it doesn’t mean everyone needs one or multiple guest rooms.
The Cost of an Extra Bedroom
If you want to upgrade to a home that has one more bedroom than your current residence has, it’s important to realize that the extra space will come at a cost. According to its “Cost of Moving Analysis,” Zillow reports that a typical consumer in the United States should budget an extra $447 per month when upgrading from a two-bedroom home to one that has three bedrooms. In many instances, that added cost may be the equivalent of a 50 percent surge in a person’s monthly mortgage payment.
While spending an extra $447 per month for a guest bedroom may be intimidating, be sure to remember that the figure is simply the national average increase. Things can be less pricey or more pricey in select markets and in instances when people are looking to move out of a three-bedroom residence and into a four-bedroom home.
Is a Guest Bedroom Worth the Added Cost?
To determine whether a guest bedroom is worth the additional expense, you can do a cost-benefit analysis. If you’re paying an extra $447 per month, you’ll pay $5,364 more in just one year. If hotels in your area cost an average of $150 per night, someone would have to occupy your guest room 35.76 nights for it to cost you less to have a guest bedroom than you’d spend to put a guest up in a local hotel.
While it’s clearly costly to have a guest bedroom in many instances, it’s a worthwhile investment for a lot of homeowners, including many who don’t host friends and family members often. People who require a home office and individuals who need more storage space may consider a guest bedroom worth the related expense. Homeowners may also plan to earn money off their guest bedroom by enlisting with Airbnb and/or Homestay.
Partner With Us to Find Your Dream Home
No matter how many bedrooms you want your next home to have, we invite you to partner up with CENTURY 21 Core Partners to find your dream home. You’ll enjoy white glove service throughout your house search, and we won’t stop until you find a residence you’ll be proud to call your very own.
Jumpstart your search for your ideal home. Contact us today!