Does An Attic Room Add Value

Does a finished attic add resale value.

Does an attic room add value.

A straight run stair will chew up 10 to 14 feet of floor space. As an added bonus an attic conversion increases your home s value significantly. 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. A stair designed with an intermediate landing and two runs needs about 8 feet on the lower level.

So how do you know if it s worth the cost to add a finished bonus room or guest suite to your home. Figure out how you re going to get up and down from the finished attic space. When done without proper planning or adherence to local building codes it can actually reduce the value of your home or stall a sale. Finishing your attic can add space and utility and increase the value of your home as long as it s done properly.

Making sure your attic is properly insulated will keep heating costs low and add value to your home. Adding livable space in the basement. Then depending on the budget add a kitchenette or at least hookups for one. 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.

New insulated windows are a great investment since they can add value to your home while paying for themselves through energy savings. Heating and cooling costs can really add up if your home has old drafty windows. 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. Insulating windows 70.

Buyers do not typically place a lot of importance on how much attic space is in a house. Finishing the attic can add the same benefits and give your home more livable space. Don t stop with the basement. Others are begging to be transformed.

Enlarging an existing stairway or adding a new one will affect spaces below. According to remodeling magazine s 2014 cost vs. Attics basements bonus rooms and other unused areas can be made functional with a much smaller investment than building a new room. 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.

Here are some must do tips to follow when finishing your attic. 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.