Does An Attic Room Add Value

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

Does an attic room add value.

Others are begging to be transformed. Insulating windows 70. Don t stop with the basement. 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.

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. 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. 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. Heating and cooling costs can really add up if your home has old drafty windows.

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. As an added bonus an attic conversion increases your home s value significantly. While you have a larger attic space than the house next door i highly doubt you will get any significant value for it. 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. Figure out how you re going to get up and down from the finished attic space. Making sure your attic is properly insulated will keep heating costs low and add value 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.

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. 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.

Finishing your attic can add space and utility and increase the value of your home as long as it s done properly. Adding livable space in the basement. A straight run stair will chew up 10 to 14 feet of floor space. Then depending on the budget add a kitchenette or at least hookups for one.

Finishing the attic can add the same benefits and give your home more livable space. 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.