Adding a master bedroom and bathroom can expand the living space in your home and make your growing family more comfortable. But this is a major construction project, so it’s important to determine whether or not it’s within your budget before you begin. Here’s what you should know about the average cost of a master bedroom and bath addition:
How Much Will It Cost to Add A Master Bedroom and Bathroom?
The cost of adding a master bedroom and bathroom to your home can vary. Most homeowners spend around $62,500 on this project, but the cost of this addition can range from as low as $25,000 to as high as $100,000.
What Factors Affect the Cost of A Master Bedroom and Bath Addition?
A number of factors can affect the total cost of a master bedroom and bath addition, including:
- Size: In general, the larger the square footage, the more it will cost to complete this project.
- Materials: Using high-end materials, such as marble or granite in the bathroom, can increase the cost of the project.
- Extra amenities: Including extra amenities such as a large walk-in closet or fireplace will increase the total cost.
- Permits: The cost of building permits will vary depending on your location.
- Detached vs. attached: The cost will also vary depending on whether the master suite will be attached to your home or built as a stand-alone detached structure.
These are some of the many factors you should keep in mind when estimating how much it will cost to add a master suite to your home.
What is the Average Cost of A Master Suite Addition Per Square Foot?
The cost of adding a master suite to your home can vary widely depending on the size of the project.
On average, a master suite addition will cost about $140 per square foot. But the cost per square foot can range from as low as $80 to as high as $200, depending on the details of the project.
Most master bedrooms are between 200 to 400 square feet, while master bathrooms are usually between 50 to 200 square feet. Of course, the size of your master bedroom and bathroom may fall outside of this range. But if you want to estimate how much your project will cost, it’s wise to use these estimates to get a general idea of what you should expect.
How Much Value Does A Master Bedroom and Bath Addition Add?
Some renovations, remodels, and add-ons are wiser investments than others. This is because certain projects will increase the value of your home, whereas others will add little, if any, value.
Experts say that any project that adds square footage to a home will increase its value. But in general, the more you spend on adding square footage to your home, the harder it will be to recoup your investment.
Homeowners who add a master bedroom and bathroom are able to recoup about 63% of their initial investment.
For example, say you spent $62,500 on adding a master suite to your home. In this case, this addition would increase your home’s value by about $39,375, which is 63% of your initial investment.
You may not be able to recoup 100% of the money you put into this project, but this project can add value in other ways. For instance, if adding a master suite is the only way to ensure your family can comfortably fit in your home, it’s well worth the investment.
How Can You Keep the Cost of A Master Bedroom and Bath Addition Low?
If you’re on a tight budget, it’s important to learn how you can keep costs as low as possible when adding a master suite to your home. To stay within your budget, follow these tips:
- Get at least three quotes from local contractors before deciding who to hire.
- Do some of the smaller tasks—such as painting or installing light fixtures—on your own. It’s much cheaper to complete these tasks on your own than it is to hire a professional to do them for you.
- Outline your budget and expectations in writing so your contractor cannot charge you unexpected fees.
- Try to avoid last minute changes. Making last minute changes during a construction project will not only lead to delays, but it can also increase the total cost of the project.
- Balance low- and high-end materials. For example, if you splurge on granite countertops in the bathroom, save money by choosing an inexpensive flooring material.
Follow these tips so you can add a master suite to your home and create more space for your growing family without breaking your budget.