An attic bedroom conversion returns 61% of your investment when you sell, says the “Remodeling Impact Report” from the NATIONAL ASSOCIATION OF REALTORS®.
Attic Bedroom Investment
Attics are penny-wise candidates for remodeling projects because the basic structure — a roof and floor — already exist. Although the pitch of the roof usually dictates sloping interior walls and restricted headroom, people often find these quirky characteristics charming and desirable.
According to the “2015 Remodeling Impact Report” from the NATIONAL ASSOCIATION OF REALTORS®, the national median cost of an attic bedroom remodel is $65,000, and you’ll recover 61% of that cost at resale.
Although payback is important, an attic conversion rates especially high when it comes to personal satisfaction. Of homeowners responding to the “Report,” the majority said they were pleased with their attic remodeling, resulting in a Joy Score of 9.4 — a rating based on those who said they were happy or satisfied with their project, with 10 being the highest rating and 1 the lowest.
Attic Bedroom Requirements
An attic bedroom has special requirements:
- Stairway from the floor below
- Adequate insulation
- Interior walls
- Dormer windows for air, daylight, and emergency egress
The cost of these projects, plus standard costs for installing heating and cooling systems, finishing surfaces, and adding a bathroom, is about $192 per square foot.
15-foot-by-16-foot Attic Bedroom Remodel Plus Bath:
- National Median Project Cost: $65,000
- Cost Recovered: $40,000
- Percentage Recovered: 61%
- Joy Score: 9.4
Until next time….