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What adds value a loft or bedroom?
We have a loft that we could wall off and make into a bedroom (it has a window and closet). We like the look of the loft, but are wondering if making it into a bedroom will add value to the home?
Asked By Michelle | Milwaukee, WI | 1419 views | Tips Advice | Updated 2 years ago
Answers (4)
Amanda Courtney
REP Realty Group
A bedroom, hands down. While a loft is a nice bonus space, it usually doesn't count as a "bedroom" on an appraisal because it lacks privacy (a door) and sometimes a closet. In real estate, the number of bedrooms is a huge driver of value. My Advice: If you can enclose that loft and add a closet, you officially add a bedroom to your home's stats. That will almost always give you a better return on investment than leaving it open
- 1 month ago
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Chris Yochum
Dickson Realty
Great question. It a good idea to connect with a local agent that can come over and assess your specific situation. In most cases, it will not make sense to add a room thinking it will add value. Things to consider: price point, type of community (retirement, working class, high end), market demands, left over living space, how functional the room would be if altered.
- 2 years ago
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Bre Rinkema
Real Broker
Hi Michelle! In my professional opinion it all depends on how many bedrooms the home already has in place. I would suggest if the home only has 2 or 3 bedrooms adding a 3/4 bedroom is a huge benefit however if the home already has 5 or 6 bedrooms, the extra living and entertainment space is definitely more desirable. There are pros and cons to each decision with this potential renovation. I would suggest if you are doing it for a resale standpoint look at what the other homes in your area offer and how you can stand apart. If you are doing the renovation for your personal wants and needs, you live in the home so make sure to do what you need to make the space work for you. Good luck on your potential renovations!
- 2 years ago
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Amber Rogers
HomeSmart l PalmerHouse Properties
A bedroom!
- 2 years ago
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