Bedroom and Attic Renovations

Renovating Your Bedroom

Adding value is incredibly easy when you renovate your bedroom, and makes it more appealing to buyers during an open house or viewing.

Though this project may be a daunting one, there are plenty of ways you can get help, such as speaking with your real estate agent to find the right crews and help, so you're not doing this alone!

Expanding to Make It Bigger

When selling your home and making renovations, expansions, or changes in general, a homeowner should always keep their return on investment in mind. By expanding your bedroom, you're looking at an ROI of approximately between 40% and 80%, depending on factors that you can go over with your real estate agent, who knows all about ROI and the factors that go into the percentage that comes with each room in a home after it's been remodeled and expanded.

For example, a larger master bedroom with an expanded closet and a bathroom that comes with a dual head shower or a spray system that is custom are among the most popular expansions that homeowners are choosing to go with these days.

While still popular, a lot of homeowners are also expanding their bathtubs before they put their houses up on the market to a bathtub that is deep, large, and with a shower that is closed off, tiled, and roomier. In fact, expanding your bedroom to add a bathroom will always bring a good ROI, because it gives the buyer the sense of the general area being brand new.

Buyers will be willing to pay more if a house has areas, in this case being the bedroom, that are completely remodeled, expanded, or anything related.

Turning your bedroom into a livable master suit decked out with a better closet and a beautiful bathroom is the best way to really catch a buyer's eye, close a deal quickly on your home, and sell your home for more.

The Cost of Remodeling and Expanding

When it comes to remodeling and expanding your bedroom, the cost will be within the thousands, but it's definitely worth the investment.

If you're planning on remodeling your bedroom completely, the cost for new dry-wall, carpeting, insulated windows, new trim, moldings, a refinished ceiling, upgraded heating fixtures, and paint, will cost you around $8,000, depending on the size of the current room.

If you are planning on expanding and remodeling, then you're going to be looking at a cost around $10,000, if not more. Again, it all depends on the size of the current room, but in the case of expanding, you're going to be looking at a lot more. The cost of new windows are generally between $300 and $700 per window, depending on the size and the requirements.

Fiberglass for wall insulations with a value of R-19 will cost you about $1.80 for every square foot it's installed, while insulation of R30 value for ceilings and attics will cost $2.25 for every square foot it's installed. Per square yard, for installation and padding, carpeting averages at around $15 to $25. Drywall for ceilings and walls will typically cost you around $9.80 per panel, not including any of the finishing compound, nails, or screws.

This price also does not include the removal and the disposal of all of the original paneling and the scraping on any textured ceiling paint, either.

The average cost for new moldings is around $3.00 per installed foot, while baseboard heating fixtures will run you between $150 and $500.

Hiring a professional painter to sand, prime, and paint, in accordance to the upgraded ceiling and drywall, is going to run you up to $35 per hour, if not more, unless you have the knowledge, the skills, and the extensive amount of time to do it yourself.

You're going to be paying at least $70 per hour to bring in an electrician to get the lighting and electrical wiring up to code. Depending on how large you've expanded your bedroom, you may be paying more than this. Carpenters generally charge the same amount as well, but both electricians and carpenters will sometimes base what they charge on square footage.

To find the right people to help you achieve the renovations, remodeling, and extension that you have in mind, speak with your real estate agent. Chances are they have helped previous homeowners in the past, or can direct you to another agent who has.

From there, they will help you with the research, your budget, and to get all of the resources that you'll need to get the job done!

Staging the Right Furniture

Before you can get started on the furniture, remove all clutter and personal items from the room. This helps to create an open, stress-free environment, and you will need to ensure that no personal items are in view. You can always put family photos in a dresser drawer, for example.

If you do not already have one on your bed, consider a comforter or a duvet that comes with matching shams, in order to create a solid look. For example, you could have a classic theme, or even a pastel one.

Don't be afraid to move the furniture around in your bedroom to see what works and what looks good. You never know, your dresser may create a more open space across the room. It's also a good idea to flip your mattress, as well.

Also, if you don't have a headboard, now is the perfect time to get one, as it creates a simple, yet sophisticated, look. Remove any piece of furniture from the room that does not go with the main pieces, them being your dresser, bed, etc., which would not make sense with everything else.

Adding a tall, potted plant is always a nice finish.

Renovating Your Basement and Attic

Renovating your basement and attic will add plenty of ROI to your home, and will allow you to sell your home for more! Buyers love to see basements and attics that are put to good use, so why not make the best of both?

Renovating Your Basement

Though the cost of renovating and remodeling your basement is within the tens of thousands, you're looking at a 70% ROI, which means that all of the work and money put into getting the basement ready before your open house or viewings will be well worth it when it's time to close the deal.

If you're overly concerned about your ROI, go with a renovation that will be perfect for appeal and overall use. For example, an extra bedroom, a home office, or even a play room that would be perfect for kids. In fact, it's actually better to stick to a general use during the renovation period, just so you can get an idea of how you're going to stage it, what color of paint you're going to use, etc.

A walk-out basement is also a nice touch as well, especially if it connects to the backyard. This will give potential buyers the option to rent out their new basement to tenants should they choose to do so, which is something that some buyers do in fact look for when it comes to buying a home.

Take a look at the staircase that connects the basement to the rest of the house to see whether or not it needs repairs. Like the bedroom, your real estate agent can help you find all of the connects you need to make everything for your basement renovations possible.

Renovating Your Attic

Renovating your attic into a bedroom has an ROI of 61%, is will definitely give the "wow" factor off to all the buyers who come for the open house or individual viewings. Renovating your attic into a bedroom is the absolute perfect way to sell your house for more, and can easily be renovated, considering the basic structure is already present, being the roof and the floor.

Buyers love to see a home with an attic bedroom, as they are incredibly desirable, have quirky characteristics, and are charming overall. It costs about the same as a basement to renovate an attic into a bedroom, and has almost as much ROI.

For extra value, you could also consider adding a private bathroom into the attic bedroom, depending on how much available space there is, and whether or not you will need to make an extension. If you do decide to add a bathroom, no doubt buyers will be making you offers straight away, as attic bedrooms with bathrooms are rare gems when it comes to real estate, unless a homeowner makes the decision to do it themselves after they've purchased a home.

Like the other areas of your home, you can easily find all of the help you need to make an attic bedroom, or any other type of room in your attic, possible by speaking with your real estate agent. They can give you all the necessary help that and connections.


 

Relates To  -  home seller tips