Seeking ways to boost your home’s value? According to Remodeling Magazine, the number one home improvement for recouping your return on investment is the addition of an attic bedroom.The nationwide average cost of this project is a bit over $50,000, however you can expect to recoup 72.5% of the cost once it comes time to sell the home.
According to This Old House, you should consider the following building-code basics for turning attic space into living space:
- Access and egress: code generally requires a full-size staircase and two ways out of the room in case of fire.
- Ceiling height: there must be 7 feet of headroom of a floor of at least 70 square feet.
- Floor support: joists and a sub-floor are most likely needed.
- Ventilation and insulation:very important for heating and cooling costs
Why is this important Jack? Because people buying homes today want to buy a home they can live in, not needing to repair, and ready to live. Millenials and Generation Y families have been saving, lived through the Great Recession and are ready to move into a finished house. Yes a steel front door will return 93% of its purchase price, but it also only costs a few hundred bucks, compared to a new bedroom. This may be a deal breaker for you!
Jack
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