The average renovation pays back about 65 percent of its cost if you sell your house soon after the remodel is completed according to a remodeling magazine survey of real estate professionals.
Most elaborate attic renovations.
While finishing an attic is one of the more expensive home improvement projects it also boasts one of the highest roi s.
Here the dormer becomes the most essential element of the room because it provides enough light to make the room bigger.
Average costs and comments from costhelper s team of professional journalists and community of users.
The average national cost for attic renovations is about 40 000 with a typical range of 4 600 to 80 000.
Whole home renovations which come in third on the nahb s list of most popular remodeling projects can set homeowners back quite a bit.
How much does it cost to finish convert an attic.
But the amount of payback varies widely depending on the type of improvement.
So what projects gets you the most bang for your home renovation buck.
If your attic doesn t yet have it you will need walls and dry walls.
Here are five home improvements that are likely to pay off.
Finishing ranges from 4 600 to 16 400 while a more comprehensive remodel runs 8 000 to 80 000.
Remodeling an attic that has already been finished can cost between 12 000 30 000 depending on the scope of work and materials used.
Dormers can also add some much needed height and change the character of the room taking away the typical narrow a line look of most attics.
Remodel the attic into a functional room.
How much attic remodeling should cost.
Converting an attic into a bedroom or office raises the home s value is often cheaper than building an addition and has an roi of 70.
Renovating an already finished attic costs 10 000 to 30 000.
Adding walls and drywall.
They come in at an average cost of 46 000 but the range.
It may not be nearly as sexy or fun as adding a chef s kitchen or glam bathroom but attic insulation gets the top spot.
This attic was divided into three zones.
To give the bathroom a spa like feel luxe features were added like a soaker tub a frameless shower enclosure a new toilet complete with heated seat and led lights marble and glass mosaic tiles and a crystal chandelier.
The average cost to finish an attic is 25 000 to 75 000 to convert it into living space.