Home Selling in Platt Park>Question Details

1393 S Pearl…, Home Seller in Platt Park, Denver, CO

resale value of egress window that would turn 2-bedroom house into 3-bedroom house

Asked by 1393 S Pearl St, Platt Park, Denver, CO Sat Dec 26, 2009

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9
Lago

The money would be better spent on Kitchen or New Windows if you don't already have them. You can list it as a 3rd bedroom that is nonconforming, to not lose out on the marketing of the room. Just make sure the room has closet and that it is finished.

Lets just say that if your house needs lots of updating and you put in an egress window instead of updating its not going to help you very much at all.

Good luck!

Daniel Herron
Personal Real Estate Consultant
danielherron@kw.com
Web Reference: http://www.HerronsHomes.com
1 vote Thank Flag Link Sat Dec 26, 2009
A 3 bedroom home in Platt Park is an advantage and a great thing to do if you can. It is hard to sell a 2 bedroom home and most buyers are looking at a 3 bedroom 2 bath min. Do you have a Garage?
Brian
http://www.kennarealestate.com/platt-park-homes-for-sale.php
1 vote Thank Flag Link Sat Dec 26, 2009
Lago - not sure the previous answers were what you were looking for. The way I read your question is how will your value change with the added bedroom. The industry average value for a bedroom (without a bath, but with a closet) is $10,000. Hope that's helpful.

Tim Klein
Broker
Metro Brokers - The Realty Werks
303.973.7600 office
1 vote Thank Flag Link Sat Dec 26, 2009
Chances are your house will sell faster if you put an egress window in the basement. I've found that my clients are utilizing their basements now more than ever, so another bedroom would be a plus! Platt Park is a very desirable place to live in South Denver. Your pricing strategy is still going to be very important.

Good luck with your move! Please call if you have any questions or would like to talk further about your real estate goals.

Jen Girard
Re/Max Professionals
Cell: 720-219-7752
"Making Things Happen In The South Metro Denver Real Estate Market"
1 vote Thank Flag Link Sat Dec 26, 2009
Lago,

I have remodeled over 50 homes within my Realtor career. In my opinion, if you can install an egress window, the resale value is in the faster sale of the home. It will let light in and allow you or an agent to list the home with one more "conforming bedroom". Does the room also have a closet ? It must have a closet of some kind and a a way out from fire.
If you would like an opinion - I would like to view the house first.
The cost vary-but will most likely bring value in the resale, whenever that might be.
Get a minimum of three bids.
One start: Egress, Inc. Chad Deboer 720-839-4497

Steve Decker
Re/Max of Cherry Creek, Inc.
http://www.stevedeckerhomes.com
303-775-6313

More infor for you:

Egress Windows: The Cons
Minus budgetary concerns, there really isn't a reason not to install egress windows. Even then, the payoff from an investment/return standpoint is so substantial that most budget-based arguments fall apart pretty quickly. About the only "downside" we see is the need to install egress windows with local building codes in mind, and to make sure the installation is done right (especially in basement egress windows, where moisture can be an issue).

The Cons:

* Know Local Building Codes — Most building codes require a 5.7 square foot opening, and a window that is no more than 44" off the floor. But keep in mind that codes vary from place to place, so be sure that you and your contractor know what the specific requirements are for your municipality. If the building inspector finds that your egress window comes up short in any way, it's back to the drawing board.
* Moisture and Basement Egress Windows — Moisture problems can be problem in basement window applications, especially if your basement has a history of moisture-related issues. To avoid them, make sure your window well is dug to the proper depth below the window, and take other preventative measures, such as installing basement drainage systems and making sure your gutter system drains run off away from your home.
* Inconvenience — In his article for The Family Handyman, Satterwhite is quick to point out that installing a basement egress window is a major project anyway you cut it. Be prepared to put up with the inconveniences that are unavoidable with a project of this scale.

Egress Windows: Costs
Costs of these installations can vary depending on a number of factors, including your choice of windows, the number of windows you install, and your window well design. Above-grade egress windows shouldn't cost more than any other window installation, in the $500 to $1,000 range for energy-efficient, multiple-paned windows according to Bill Barr of All Star Windows and Siding in Loveland, Colorado. For basement egress windows, however, you should expect to pay more. The installation of a single, no-frills basement egress window usually runs in the $2,000 to $3,000 range, according to Popular Mechanics, while more elaborate window well designs and top-of-the-line windows can raise the price to as much as double those figures. It's not cheap, but considering the peace of mind an egress window provides, it's safe to say that installing one of these windows is money well-spent for any homeowner.
1 vote Thank Flag Link Sat Dec 26, 2009
Egress Inc did a beautiful job at $2837. Since the room already had a door, closet, and CO detector it is now a "conforming" 3rd bedroom. Thanks to Daniel: since the kitchen and bath were already perfect, and most windows upgraded to Marvin double-pane wood, it seemed fair to do this bedroom next. And thanks for all the other great answers in this set. If there were a way to mark the whole thread "best", I would.
0 votes Thank Flag Link Wed Feb 17, 2010
You can list the home as a non-conforming Bedroom like the last answer said. For safety concerns it is better to have an Egress Window. Is the room Built yet? Is there a closet?
Brian
0 votes Thank Flag Link Sat Dec 26, 2009
good morning,
An egress window in a basement, especially in neighborhoods such as Platt Pare are certainly and advantage. Compare your options though as casement style egress window often meet code requirement without changing the width of the opening, saving costs in the structural revisions. Minimizing the costs of the window makes the project have a better return in sales of the home. I have a number of referrals I could pass n to you if you would likemore information.

Martin Yeager
Live Urban Real Estate
martin@liveurbandenver.com
0 votes Thank Flag Link Sat Dec 26, 2009
I am in total agreement with Steve. Our Team works with a handful of Investors and all of them would go for putting the egress window in.

Sandy Kinslow
The Kinslow Team
Coldwell Banker
0 votes Thank Flag Link Sat Dec 26, 2009
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