Attic Bedroom Investment
Attics are penny-wise candidates for remodeling projects because the basic structure — a roof and floor — already exist. Although the pitch of the roof usually dictates sloping interior walls and restricted headroom, people often find these quirky characteristics charming and desirable.
According to “Remodeling” magazine’s annual “Cost vs. Value Report,” a midrange attic bedroom remodel costs $49,438 and returns more than 84% of the original cost, based on national averages.
Attic Bedroom Requirements
An attic bedroom has special requirements:
- Stairway from the floor below
- Adequate insulation
- Interior walls
- Dormer windows for air, daylight, and emergency egress
The cost of these projects, plus standard costs for installing heating and cooling systems, finishing surfaces, and adding a bathroom, is about $192 per square foot.
The return on your investment in an attic remodel varies by region. In the Pacific area of the country, including Oregon and Hawaii, the return on investment is over 100%. In the west-north-central states, such as Iowa and Kansas, the return on an attic remodel is about 68%.
National Average Cost, 15x15 ft. Attic Remodel with 5x7 ft. Bath:
Job Cost: $49,438
Resale Value: $41,656
Cost recoup: 84.3%