Converting unused attic space into a bedroom is an excellent way to gain valuable living area without having to build an addition. An attic bedroom is also a good investment. According to Remodeling Magazineâ€™s annual Cost vs. Value survey, an attic conversion returns more than 83% of the original cost of construction.
To protect the value of your investment, youâ€™ll want to make sure your remodeled attic is a pleasant, quiet retreat with adequate storage, sound insulation, and safety equipment. Be sure to get permits on all work, and follow all building codes.
Remodeling Magazine uses as a basis for their cost the following scope of work: Convert unfinished attic space to a 15-by-15-foot bedroom and a 5-by-7-foot bathroom with shower. Include a 15-foot shed dormer, four new windows, and closet space under the eaves. Insulate and finish ceiling and walls. Carpet floor. Extend existing HVAC to new space; provide electrical wiring and lighting to code. Retain existing stairs, but add rail and baluster around stairwell.
If you don't add a bath, the cost will go down; if you raise the roof, your cost will be higher.
Now for their estimates: The average cost per square foot to add an attic to an existing space is $225 per square foot. Look at the scope of work above to see how yours matches up.
Most important, return on investment: an attic remodel returns approximately 88% of investment at resale. Averages in the Los angeles area: $60,135 spent, $52,749 cost recouped at sale, for an 87.7% ROI. That's even higher than the national average of 81%.
Good luck on your remodel. Let me know if, or how, I can be of further assistance.
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