Less is More When it Comes to Number of Bedrooms
Homes with five bedrooms appreciate at only 4.3% a year, far lower than the national average of 6.3%. Meanwhile, a cute two-bedroom home appreciates by 6.6%.
So, converting a garage into a bedroom probably isn’t worthwhile, especially since this is one area where people do want a little more room. Two-car garages are still the gold standard, offering the highest annual growth, at 6.4%. It makes perfect sense, considering that an average American household in 2016 had 1.9 cars, according to Nielsen Pop-Facts® Demographics. A one-car garage comes in next, at 6%, while three-car garages—a luxury amenity—appreciate at just 3.8%.