Adding a master suite

Question from Andrew: I have a 1960's rambler with 4 bedroom and 1.5 baths. Here's how the house is divided up. Basement has bedroom and half bathroom. Main floor has 3 bedroom and one bathroom. Now this seem impractical to have 3 bedroom sharing one bathroom. So I was thinking of converting a bedroom on the main floor into an ensuite master bathroom. In terms of resale and equity....is this a good idea? Thanks, Andrew 

Jake’s Answer: Andrew, Yes, it sounds like a good idea. We have done several projects like this over the years. Life styles have changed considerably over the years and houses with master suites are much more desirable than your current floor plan. As in any major remodel, take into consideration the current value of your home, the cost of the remodel and the potential increase in value after the remodel. You also need to factor in the cost of moving and the added enjoyment that the improvement will bring to you and your family.