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.
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