If there is room in the master bath to put in a larger soaking tub or a jacuzzi-type tub, I think I'd leave that space alone. I wouldn't put one in if you're not going to use it, but I'd leave that space available for the next owner to improve if they so choose. I'm hearing a bit of a trend towards making larger bathrooms into a bit of a home spa area. A small steam room or sauna might be another possibility for that space.

But I'd think about finding a way to move the laundry area. It sounds like the current layout is not ideal. Improving that might be a worthwhile job. And it would add to the bedroom count.

My main concern with all of this is I'm not sure if you'd be able to recoup any significant portion of the costs of these changes. Perhaps they'd help the house sell faster by making it more attractive. But would a price reduction accomplish the same thing? If the price reduction would help speed a sale AND the reduction is less than the cost of the improvements, then it would make sense to just use a lower price to speed the sale. You'd be dollars ahead, plus you'd avoid the headaches and time of making the improvements.

Just some rambling. Not sure if any of it would work in your situation.

--Peter