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Most lucrative renovations

Posted by Scott Van Voorhis March 25, 2013 10:32 AM

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Daydreaming about turning that unfinished attic into a bedroom? Well there actually be may be  some good dollars-and-cents reasons for following your whimsy.

In space cramped Greater Boston, adding an attic bedroom can turn out to be a renovation winner when it comes to selling your house, a new report finds.

You can expect to recoup more than 78 percent of estimated $58,093 it will cost to build out that attic bedroom, including a small bathroom and shower, according to the "Remodeling 2013 Cost vs. Value Report."

In fact, it will cost you far less than a master suite addition. You can expect to shell out more than $124,000 but only get 64 percent of the value back for this project, finds the annual report by Remodeling Magazine.

Somewhat surprisingly given our (not so ) balmy Boston weather, another big renovation winner is adding a wood deck.

While you may only be able to use it for three or four months a year, (male) buyers apparently are won over by visions of summer grilling.

In fact, installing a wood deck, priced at $11,287,  is near the top of the list of the most saleable renovations, with a payback of more than 88 percent.

And thinking of spiffing up the kitchen?

Better to go small and cosmetic rather than blowing the budget on a master chef's kitchen you will never use.

You get 71 percent back on a major kitchen overhaul, priced at $62,589, according to the Remodeling 2013 Cost Vs. Value Report."

But a minor remodel will cost you about a third - $21,700 - while paying back 88.5 percent of the cost, the report finds.

Go figure.


This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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