Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Jezreel Tena
0
Votes |
4
Posts

is building a room in the attic in crease the value of my home>

Jezreel Tena
Posted

I'm a small investor in the DFW area i'm in the process of remodeling my bathrooms and considering adding a room with a bathroom in the attic of  or in the garage space. just need to know witch one adds more value to the property so i can refinance at a higher price. thank you all who took the time to reed this and help me out.

Most Popular Reply

User Stats

146
Posts
148
Votes
Alex Grosvenor
  • Realtor
  • Dallas, TX
148
Votes |
146
Posts
Alex Grosvenor
  • Realtor
  • Dallas, TX
Replied

@Jaron Walling and @Will Fraser are correct. I just want simplify and clarify what I believe they are talking about. Most importantly get newbies to fully understand what y'all are saying in this discussion because it is great information. 

You might convert the garage and gain 300-400 sq ft to your house, but if all of the other comps in your area have garage and now you don't have a garage, then you added value with the sq ft but you also subtracted value by taking away the garage. Does the value add of the sq ft far surpass the subtracted value of the garage? The comps will tell you.

Another thing is, will the appraiser you are using count that attic addition as full value or only half value? It is an attic and I've seen appraisers give some spaces half value before.

Due some due diligence, talk to appraisers, talk to your agent and find out what other houses in the area are doing. Ask the contractor which one they've had more success with when working with other clients. 

I just want to give you and everybody else out there specific things to look for and to make it as simple and clear as possible. 

Loading replies...