More baths or more bedrooms?

Question:  1987 (1350 sq.ft.)ranch. 1st floor has 3 bed/2 bath. Basement has 2 bed/1 bath. Will possibly sell in 7 to 10 yrs.Thinking of knocking out wall between the 2 baths & having 1 large nice bath on the 1st floor/giving us 5 bed/2 bath or would it be better to just update the 2 seperate baths & keep the 3 bathrooms? Another thought is to make a large master bed w/walk in closets leaving us with 2 bed/1 large possibly bath on 1st floor. Your comments are appreciated.

Jake's Answer:  The first question you need to answer is "what do you want?"  If you keep the house for 10 years, do what you want and enjoy it for the next 10 years.  Who knows, you may like it so much you may never move.  What we have done on several houses that sound very similar to yours is to take two of the bedrooms and the bath on the first floor an and convert them into a master suite.  That still leaves you with a bedroom and bathroom on the first floor.  In our area nicely done master suites are a great selling feature when it comes time to sell.  In 10 years there is a very good chance you will get all of your money back.