Feature: 2005 Cost vs. Value Report Attic Bedroom

FEATURE: 2005 COST vs. VALUE REPORT

Remodeling's Payoff

Attic Bedroom
Project Description: In a house with two or three bedrooms, convert unfinished space in the attic to a 15-by-15-foot bedroom and a 5-by-7-foot bath with shower. Include a 15-foot shed dormer, four new windows, and closet space under the eaves. Insulate and finish ceiling and walls. Carpet floor. Extend existing HVAC to new space. Retain existing stairs, but add rail and baluster around stairwell.

Attic bedroom
	Job Cost	Resale Value	Cost Recouped
National Average:	$39,188	$36,649	93.5%
East Average:	$40,735	$39,964	98.1%
Midwest Average:	$41,281	$33,752	81.8%
South Average:	$34,786	$31,319	90.0%
West Average:	$41,244	$43,357	105.1%

Remodeling magazine, published by Hanley-Wood LLC, has been producing this report annually for 19 years. We’d like to thank the editors and designers of Remodeling, as well as the REALTORS® who contributed to bringing you this report.

Remodeling magazine’s “Cost vs. Value Report.” ©2005 by Hanley-Wood LLC. Republication of the report is expressly prohibited without written permission of Hanley-Wood LLC.

Order Reprints for Your Clients and Customers
Order reprints of the complete 2005 “Cost vs. Value Report”—all 18 projects—for just $6.50 each plus shipping and handling at www.realtorreprints.com. For information on bulk orders over 500, contact Kelly Dewan at kdewan@reprintbuyer.com or 717/399-1900, ext. 166.

Take the 2006 Survey
Participate in next year’s “Cost vs. Value” survey! Sign up here.

Thank you to those practitioners who took the 2005 survey
Those survey respondents who also provided their contact information are listed here . Your help on this project was invaluable.

* We received sufficient data for 58 out of 60 markets surveyed compared with only 53 last year. Because of insufficient data from Grand Rapids, Mich., and Providence, R.I., no resale value numbers for those markets are provided.