4) Attic Bedroom
Cost of attic bedroom: $39,188
Average resale value: $36,649
Percentage of cost recovered: 93.5 percent
Best return: San Francisco 151.6 percent
Worst return: Allentown, Pa. 58.8 percent
Cost of attic bedroom: $39,188
Average resale value: $36,649
Percentage of cost recovered: 93.5 percent
Best return: San Francisco 151.6 percent
Worst return: Allentown, Pa. 58.8 percent
Turning an unfinished attic into a 15x15 third or fourth bedroom with a 5x7 bath really pays off in hot housing markets where older, close-in neighborhoods offer homes with easy commutes but smaller square footage.
The payoff for remodeling this existing space is higher than the payback for adding new space. Even putting in a modestly priced master suite addition typically costs about twice as much as finishing an attic and the return (82.4 percent) is lower.
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