How Much Value Does A Finished Attic Add To A House

Adding livable space in the basement.

How much value does a finished attic add to a house.

Finishing your attic can add space and utility and increase the value of your home as long as it s done properly. For economy fixtures sink bathtub toilet you ll pay between 500 2 000 for mid grade 1 500 3 000 and high end 4 000. The attic isn t finished but there s room to add two bedrooms and a full bath up there. Would the value increase enough to cover the costs of renovation.

Home advisor puts the national average cost of finishing an attic to us 49 438. The national average cost for home remodelers to renovate an attic ranges from 15 000 to 85 000. I m looking at buying a two bedroom one bath house. When done without proper planning or adherence to local building codes it can actually reduce the value of your home or stall a sale.

Heating and cooling costs can really add up if your home has old drafty windows. If you finish the entire attic you re adding in not 700 more square feet but 350. Finishing the attic can add the same benefits and give your home more livable space. Your local contractor will not value his square foot cost to build that way.

Try to find some comparable closed sales to see what that difference in value between 1400 and 1750 may be. Don t stop with the basement. How you furnish your finished attic will depend on the scope and type of renovation you choose to go with but as a rule of thumb here s how much you can expect to pay to outfit these rooms. Finished attic 60.

This is a huge difference that i learned the hard way. Insulating windows 70. Here are some must do tips to follow when finishing your attic. 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.

That bumps your total square footage up to 1750 square feet. This cost is assuming that you have a completely unfinished space below your roof that you want to remodel into a functional room with a bathroom. I have an unfinished space above my garage that i always thought was an attic. Part 2 of my story please understand the difference between a unfinished attic finished attic and half story.

As a general rule the deeper your basement is below. If i invested the money into finishing the attic with a full bathroom how much does that affect the value of the house. Reddie marriage unsplash how home appraisers factor a finished basement into their calculations. It does have a door from my daughter s bedroom that we use as storage.