Keep it a 4 bedroom rental or convert into 3 bedroom with walk in laundry room

[Robert Medina]

Hello, so I am in a situation right now where I have a four bedroom 1 bath single-family home that at the moment has the laundry room hook ups in the kitchen and the kitchen is fairly small so I am trying to give the kitchen more space by relocating the laundry room into the smallest bedroom. The cost of this is a little high for the fact that the bedroom sits on a concrete slab so doing the drain plumbing is a bigger job. My question is does it seem worth it to pay money to have the laundry room moved and lose a bedroom making it a 3 bedroom 1 bath. Or should I keep the existing laundry room location. The pictures show laundry room in kitchen option

[Patricia Steiner]

The best source for answering your question is the market.  What is the demand for 3 bedroom - versus 4 bedroom properties in that specific market?  What is the rent price difference between 3 and 4 bedrooms and which has the greater demand). And, then consider how many people you want living in it - especially with 1 bath.  In most of the markets (if not all) that I do business in, a 3-bedroom house is preferred with 2 baths being the expectation.  You may find that adding a bath maybe the better investment.

Hope this helps...