Sunday, October 25, 2015

Creating a Master Suite Oasis

A master suite addition typically is about 400 square feet and includes a spacious bedroom, with a walk-in closet, and a bathroom with a walk-in shower, separate soaking tub, and double-sink vanity. With mid-range finishes, such as ceramic tile and solid-surface countertops in the bathroom, a master suite costs an average of $111,245 ($290 per square foot) and returns about 62% at resale, according to the 2015 “Cost vs. Value Report” from “Remodeling” magazine.
An upscale master suite addition is about 650 square feet and includes a separate sitting area in the bedroom with custom built-ins, fireplace, and a wet bar and refrigerator.
The bathroom is more luxurious, too, with multiple body sprays in the shower, a separate toilet area, a soaking tub for two, and twin sinks, each with its own vanity. Instead of solid surfacing and ceramic, the countertops and floors are stone. According to the “Cost vs. Value Report,” an upscale project averages $236,363 and returns 53.7% at resale.
Adding a master suite:
Adding an addition to your house means giving up yard space, excavating, pouring a foundation, and framing.  You’ll need zoning approval and building inspections, expanded heating and cooling systems, and possibly an upgraded electrical panel and water heater.
If you can take advantage of existing space, such as building over a garage or converting an unfinished attic or basement. You can increase your return, because you don’t have to build a foundation, exterior walls, or a roof, you’ll save 20% to 60% compared with a full-scale addition.
Master suite essentials:
A Large shower: An enclosure of 4ft by 6ft is ideal for two. It should have a bench and a few body sprays at different heights. In addition to the shower, possibly consider a large whirlpool or deep soaking tub.
His and hers grooming stations: Each with sink, mirror, and counter space.
Radiant floor heating in the bathroom is an efficient way to heat the space, and you’ll never have to put your bare feet down on a cold surface.
Big walk-in closet: Make it at least 7ft by 10ft. You will want built-in organizers with well-designed compartments for easy access to your wardrobe.
Private patio or balcony: A secluded outdoor room off your master suite.
Sitting area with fireplace
Lighting: A master suite needs plenty of light, such as recessed ceiling fixtures. Install multiple fixtures to provide good overall lighting and dimmer switches for ambiance.
View: Give your master suite addition the best view through the biggest windows.
The return on a master suite:
The return on a master suite addition depends more on how it compares with other houses on the block. If master suites additions are common in your area, then you’ll recoup more.
But turning a profit shouldn’t be your motivation for adding a master suite, or for doing any large home improvement. If you plan to stay in your house for another three to five years, adding a private oasis could just be priceless.
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