Less is More When it Comes to Number of Bedrooms
Multiple bedrooms have fallen out of favor now that Americans are having fewer kids. So, what would you do with those extra rooms, anyway?
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%.