What adds value a loft or bedroom?

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

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.

As someone who got into real estate working only with investors who look for a way to add value, ADD THE BEDROOM! Adding a bedroom, a bathroom or finished un-used living space is a great way to make more on your home when it's time to sell. Other considerations include finishing a basement area and updating kitchen and bathrooms. That's where we spend the most time in our homes, these items all add real value and equity!

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!

A bedroom!