Does An Attic Room Add Value

Adding livable space in the basement.

Does an attic room add value. 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. Finishing your attic can add space and utility and increase the value of your home as long as it s done properly. Insulating windows 70.

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. Does a finished attic add resale value. 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. Don t stop with the basement.

Others are begging to be transformed. According to remodeling magazine s 2014 cost vs. New insulated windows are a great investment since they can add value to your home while paying for themselves through energy savings. Then depending on the budget add a kitchenette or at least hookups for one.

So how do you know if it s worth the cost to add a finished bonus room or guest suite to your home. Making sure your attic is properly insulated will keep heating costs low and add value to your home. Enlarging an existing stairway or adding a new one will affect spaces below. 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.

A stair designed with an intermediate landing and two runs needs about 8 feet on the lower level. Finishing the attic can add the same benefits and give your home more livable space. 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. Attics basements bonus rooms and other unused areas can be made functional with a much smaller investment than building a new room.

When done without proper planning or adherence to local building codes it can actually reduce the value of your home or stall a sale. 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. Here are some must do tips to follow when finishing your attic.

Buyers do not typically place a lot of importance on how much attic space is in a house. A bonus room is generally built in the attic often over the garage in a house that has a steep roof pitch to allow for living space to be built.