4 Updates Every Home Seller Must Do

By Dona DeZube, FrontDoor.com | Published: 11/01/2007

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

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.

Copyright 2007 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2007 Cost vs. Value Report can be downloaded for free at www.remodelingmagazine.com/costvsvalue.

<< Minor Kitchen Remodel I 4 Updates Every Home Seller Must Do >>

GO TO: Part 1: Evaluate Your Situation

GO TO: Part 2: Plan Your Selling Strategy

GO TO: Part 3: Stage and Show the Home

GO TO: Part 4: Close the Deal

GO TO: Home Seller's Guide

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