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Convert 4th Bedroom into a Master Bathroom?

We recently purchased a 4BR 2.5 BA home in suburban Atlanta. The home is a classic 1940s era ranch with a finished attic space that contains a master bedroom, a 2nd bedroom/office, two medium size closets, and a very small bathroom. The master bedroom is a nice size, but the bathroom is pretty sad and only accessible through the master bedroom. We are considering converting the 2nd bedroom (which is about 10x13) into a nice master bathroom, and the existing small bathroom into a laundry room. So, we would lose a bedroom (which is a pretty useless room the way it's now configured with no bathroom access) but convert the entire upstairs into a master suite that includes a 2nd floor laundry room. We would then have a 3 BR 2.5 BA home, but one of the bathrooms would be exquisite. What do you think this would do to the value of the home? Increase, decrease, stay about the same. We do not need the 4th bedroom but thinking of selling the home in about 5 years. Thanks for your thoughts!

submitted by /u/donkeyheaded
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source https://www.reddit.com/r/RealEstate/comments/1ub8mcd/convert_4th_bedroom_into_a_master_bathroom/
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