What is the return on investment for a bath remodeling project? I have an 18-year-old four-bedroom house (1875 square feet) and want to do a master bath remodel. However, to expand the bathroom I'll need to take out the master bedroom closet and make the bathroom double in size. To make up for losing the closet, I will take out the small guest bedroom next to the closet and make a large walk-in/sitting room master closet area. Will losing a bedroom affect the value of my house?