How Much Value Can An Extra Bedroom Add To My Home?

Published On: April 6, 2019|Categories: Blog, Ferdinand, Jasper IN Real Estate, Sellers, Things to Do, Tips, Life Hacks & How-to|Tags: additions to homes, four bedroom home in Dubois County, four bedroom home in Jasper, home renovation|

Sometimes, when planning to sell a home in the near future, people wonder if they should add an extra bedroom to increase the value of their Dubois County home for sale. Home renovations can be expensive, but sometimes it’s a great investment. See, adding a bedroom to your home can increase the home’s value. If you can keep the costs down, it might be worth it, because when you increase the number of bedrooms in your home, you will increase the property value.

Should I Convert My Attic Into A Bedroom?

Remodelling rather than adding an addition onto your home will bring you a better return on your investment, because it will cost less. Attics are frequently just empty spaces, and many can be easily converted into a bedroom or extra living space. Statistically, if you convert an attic of average size into a bedroom, you will see a 104 percent return if you sell the home within one year. This is assuming that your attic doesn’t have windows or wiring yet. If all you need to do is add a closet, and finish the flooring and walls, your return would increase.

Should I Add A Bedroom To The Basement?

If you have a basement, the cost of renovating it into a bedroom is usually even less expensive, but the value added isn’t that impressive if you still have to add insulation, flooring, walls, light fixtures and make sure the windows are suitable too. But if much of it’s already done, adding flooring and a closet might be well worth it.

Things To Consider Before Adding Another Bedroom To Your Home

GIve us a call and let us know your plans. We can provide you with advice based on your neighborhood and your home. Adding a bedroom can increase the potential buyers. For example, if you have a three bedroom home and increase it to a four bedroom home, you might be better able to accomodate the desires of homebuyers with three children.

Are You Thinking of Buying a Home in Dubois County?

Use our site to search homes for sale in Jasper, Dubois, Spencer, Martin and Davis counties and all of our surrounding areas. Unlike the “big name” sites out there, at Sell 4 Free Welsh Realty our site is directly connected to our local MLS and is updated with new homes every hour. By signing up for New Listing alerts you can stay on top of the newest homes for sale and get price change alerts so you can stay ahead of other buyers and beat them to the hottest deals!