Q: How much value would converting 500 sf of attic space into a bonus room w/wood floors/media center/full bath add to a 2900 sf 4bd, 2.5 bath house?
Our home is in a desirable area of Boise, ID. We also have the option to close off some open space on the second floor to create a 5th bedroom during the remodel. Would this help or hurt resale?
A: Be Careful When remodeling an Attic
This may not answer your question directly, but I thought it would be worth bringing up. Sometimes it isn't a great idea to make your attic into a livable space. The attic is a living, breathing piece of your home. It is best used as a barrier between your living space and the elements. It is important to heavily insulate the attic and make sure it is properly ventilated. This ensures a healthy and energy efficient home. Again, this depends on the climate you live in but is worth thinking about.
Read more on ventilation: http://www.moonworkshome.com/Blog/?Tag=Roof+Ventilation
Ice Dams: http://www.moonworkshome.com/Blog/bid/22225/Prevent-Ice-Dams-Everything-You-Need-to-Know-About-Ice-Dams
Good luck on your projects and final decision!
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The only thin holding you back would be the joist that would be the floor joist of the new addition. Make sure the joist can handle the load of a living space by checking with a building inspector or do a search online for span and load limits. As long as this is ok and you can get proper insulation and HVAC ducting you should be good. Also remember that a bedroom must have a closet and a minimum window size. Check all the codes.
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