Converting Attic Space Into Living Space
Can It Add Value?
by Marcy R. Ireland ABR, ePro

Converting your attic space into a bedroom is a great way to add living space without the cost of an addition. But does it add value? Is it a good investment?

Absolutely. In fact, studies show that a remodeled attic returns up to 83% of the original cost to do so…and that’s a pretty good number.



Attics are great candidates for adding additional living space to your home because the basics are already there…a roof and a floor.

Things to consider when remodeling your attic:

1. You’ll need a stairway from the floor below. A hall stairwell (as opposed to going through another room) would be considered most desirable.
2. Remember adequate insulation when building the interior walls.
3. You may need to install dormers for air, daylight and an emergency egress.
4. Adding a bathroom would be a great bonus!
5. And of course, heating and cooling.

The estimated cost to complete this project would be about $190 per square foot.
The national average for cost is around $49,000 for a 15x15 attic space plus a 5x7 bathroom. But you can hope to earn a resale value of around $41,000!

The return on your investment in an attic remodel can vary by the area you live in and obviously, labor costs are a large factor. But if you’re a “do-it-yourselfer,” or
have “friends with special talents,” you can cut those costs substantially! Just remember to get proper permits, inspections and follow your township’s code!

So, if you’re considering an addition to add more living space (and value!) to your home…perhaps you should look up. You may just have the extra space you’re looking for right above your head!

It’s a GREAT TIME to Buy!!!

Marcy Ireland is a lifelong resident of Glo.Co and currently lives in Wenonah. She has enjoyed a successful career in the real estate industry for the past 10 years.

Marcy is a Broker Associate with
CBElite Realtors in Mullica Hill, NJ and is licensed in Pa. as well. 

She is an Accredited Buyer’s Representative, a certified ePro (Internet Specialist) and holds her NJ Real Estate Instructors License.

Marcy is our resident Realtor for The Women of Gloucester County online magazine and will be writing a monthly column for us. She welcomes you to reach out with any real estate questions or needs. Please join her CB Elite Facebook page.
She can be reached at mireland@coldwellbankerelite.com or 856-478-6400 x436.

Marcy R. Ireland ABR, ePro
Broker/Sales Associate
Licensed Real Estate Instructor
mireland@cbelitenj.com
Coldwell Banker Elite-Mullica Hill
609-828-0530 cell
856-478-6400 office
856-464-0820 fax