$82,739 .... more or less. You don't specify what sort of finishes you want to use ... tile can go from $2 sq foot up to $250+ Figure out what fixtures you want, what price point tile and cabinetry you want, then get at least three bids from licensed contractors who do bathroom remodels.

It's not easy usually, but worth it sometimes, especially if the wood is old growth to begin with and a good grade. Don't bother if the flooring was in the prefinished category. You will need to remove one board to see how your floor is attached. If it was installed with steel cut nails (looks like truncated triangles) then flooring removal will be easy. You start your removal from the tongue side of the board...get your lifter under there and carefully pry the boards up...basically what you are trying to learn here is how to pry the board loose and pull it free. As you get away from the wall edge, you will be working on the area from which you removed the first three feet or so...and basically you loosen the boards and pull them towards you. A few broken tongues is no big deal; as long as 75% or so of the tongue remains, the board is still installable. The floor will need refinishing after it is reinstalled...no getting around that. If the floor was installed using spiral flooring nails or staples, then removal will be much more difficult and hardly worth the effort.

Jo- I am not a realtor, but my question would be...do you have a basement? If so, is it finished and can you have more bedrooms down there? My mom had a 3 bedroom, 1 bath, no basement home and we had a hard time selling it...back when the market was great! People with kids, want a family room/play area and were not happy that there was no basement. Older couples didn't like the single hall bathroom. We finally sold it, only because someone had to live in that particular area for work, and there was a limited availability. The rest of the house was nice, large living room with working fireplace, nice kitchen, dining area, large laundry/mud room and a huge garage. The small bath was our biggest obstacle. If you don't have a big basement, chances are that 3 bedrooms 1 bathroom is NOT going to appeal much to a growing family. An older couple or couple with no children, will like the guest room/office possibilities of the second bedroom...and really like the second bath. As mn-houses suggests, research what's popular in your area. However, I would think about updating your home and making it 2 bedroom 2 bath, if that's what YOU want and you think it will sell well (if/when the market ever bounces back). I know most new homes have at least two bathrooms and that's what I would want in my home :)

Much of this depends upon the area and the local market. Is this home in a "family" type neighborhood with children? If that was the case I'm sure many would prefer the 3 bedroom, even with 1 bath. Is it an area that appeals to singles or those without children? In that case, the 2 BR/2 BA would have more resale appeal.