We all want to maximize our investments, and that includes remodeling your home so that it increases in value. When you think of renovating your home, kitchens, and bathrooms probably first come to mind. Often overlooked is the attic. An attic remodeling may be an easy way to obtain a sizable return on your investment.
Generally, it consists of underused space, attic remodeling can be cost-effective, efficient, and a great way to increase your property value. It can also create a fantastic new space for your kids, act as storage, a new family room, or anything else that suits your needs. By utilizing the existing floor and roof structure, you can quickly create new space that will make your property more valuable.
When considering how best to invest in your home, it is wise to find your attic alongside or even before your kitchen and bathrooms.
What is the greatest benefit to attic remodeling?
When surveyed, most homeowners who have undertaken an attic remodeling report, said that it is without question worth the investment. Even if you aren’t looking to sell your home soon, a well-done attic remodeling will provide you with significant new living space, all without building new structures. A key benefit to this is that an attic remodeling will not increase property tax since making better, more efficient use of your existing space does not affect your tax assessment.
But is attic remodeling really worth the cost?
According to the National Association of Realtors’, an attic remodeling project will net a homeowner an average of 53 percent on investment when selling a home. This figure doesn’t even consider intangibles that can’t be quantified in a home’s selling price, like how much enjoyment you’ll get out of the new space, or how much more room your family will have. Plus, if you rent out the new space to a tenant, your investment return will be much higher when you factor in the added income from a lease.
What other considerations are there beyond price?
There are plenty of things to consider when deciding whether or not it makes sense to invest in an attic remodeling project. These factors are where expert design help is critical. You’ll need to have an in-depth assessment of your existing attic structure to make sure that it is suitable for an attic remodeling. There also may be some building code considerations. For instance, a dormer may be needed to comply with ceiling codes.
Structural considerations include whether your rafters can support lighting, electrical, plumbing, drywall, or other elements needed to build out your space entirely. Plus, most local egress codes will require at least two exits, usually a window and a door. Our design experts at Attic Projects know the local laws, the construction, and how to help you create a space that is within your budget and provides new space for your family while increasing the value of your home.
How do I get started with an attic remodeling project?
That’s the natural part! Just give us a call, and we’ll schedule a free consultation. We’ll perform a thorough assessment of your attic and the existing structure, then help you draft a remodeling plan that fits your budget, timetables, and intended use of your attic. Our clients are overwhelmingly pleased with the results of our expert work. Whether converting your attic to a new bedroom, playroom, home office, studio, entertainment space, or a rentable apartment, an attic remodeling project is sure to increase your home’s value, making it an excellent investment both the near and long term.
Give us a call today. We can’t wait to help you create your perfect attic space!