Does An Attic Room Add Value

Don t stop with the basement.

Does an attic room add value.

Adding livable space in the basement. Value report an attic bedroom adds almost 85 percent of the cost of the remodel to the home s value also referred to as the roi or return on investment. According to remodeling magazine s 2014 cost vs. When done without proper planning or adherence to local building codes it can actually reduce the value of your home or stall a sale.

Buyers do not typically place a lot of importance on how much attic space is in a house. Others are begging to be transformed. Insulating windows 70. So how do you know if it s worth the cost to add a finished bonus room or guest suite to your home.

Attics basements bonus rooms and other unused areas can be made functional with a much smaller investment than building a new room. Just as renovating the space in your attic adds value remodeling your basement to add usable living space also pays back when you sell your house. Does a finished attic add resale value. Figure out how you re going to get up and down from the finished attic space.

New insulated windows are a great investment since they can add value to your home while paying for themselves through energy savings. A straight run stair will chew up 10 to 14 feet of floor space. Yes especially when you compare to the value of a finished basement which will appraise for about 30 less in value than above ground space. While you have a larger attic space than the house next door i highly doubt you will get any significant value for it.

Finishing the attic can add the same benefits and give your home more livable space. Then depending on the budget add a kitchenette or at least hookups for one. According to the national association of realtors the national average cost of converting an attic to a bedroom is 75 000 and the average return value is 40 000 or 53 percent. As an added bonus an attic conversion increases your home s value significantly.

The open space will give buyers the ability to envision themselves there but adding a bathroom and bedroom can raise the value of the below ground square footage. Making sure your attic is properly insulated will keep heating costs low and add value to your home. Finishing your attic can add space and utility and increase the value of your home as long as it s done properly. Here are some must do tips to follow when finishing your attic.

Enlarging an existing stairway or adding a new one will affect spaces below. High above ground level your finished attic space will be more valuable in the eyes of the appraiser explains berg who was an appraiser for 14 years before he became a real estate agent.