CHAPTER 10 Bedroom and Attic Renovations When planning home improvements to increase sale value, renovations of the bedrooms and attic spaces are often overlooked. However, these remodeling efforts can make the house more appealing and help it stand out to buyers during an open house or viewing. Adding a room to your home can easily cost many thousands of dollars. If you build a new master suite, you might see a 66% return on your investment. If you add a family room, expect a 62% or less ROI. However, adding another bedroom to your home is the exception to the rule. Another bedroom makes your house much more appealing. You can save money on renovations by dividing a large space with a wall to form an extra room. To qualify as another bedroom, however, the room will need a window and a closet.
RENOVATING YOUR BEDROOM
Making renovations to increase the sale value of a home requires careful attention to the ROI. As we have seen, kitchen upgrades or adding a swimming pool rarely add the cost of construction to the selling price, often returning a ROI of less than 25%. By expanding your bedroom, you’re looking at an ROI anywhere between 40% and 80%. A smaller project that can bring a decent ROI is expanding the bathrooms before putting the house on the market, installing bathtubs that are deep, large, and with roomier, closed-off, tiled showers. A larger master bedroom with an expanded closet and a 63
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