When homes are constructed, the builders aim to add storage out of the way or an additional room. A common example typically used for extra space is a home attic. Attics are the top portion of a house under the roof’s pitch.
Furthermore, attics can be unfinished and used for storage. In addition, the attic completed with installation, drywall, and flooring. At times, used as a bedroom, home office, playroom, or home gym.
Home attics are beneficial and can add value to the house if completed correctly. Especially in smaller square footage properties, such as row homes, that’s limited in total space.
Does a Home Attic Increase Value?
Home attics are a valuable home improvement idea when increasing home values. A cost-efficient addition that makes homes more appealing to buyers while increasing the home’s value by roughly 20%. Several factors to consider when determining attic value. Aspects such as the space size, whether there’s a bathroom, proper heating/cooling, and finishing touches. Additionally, discussing the attic renovation plan with a licensed contractor is vital. Contractors guide homeowners on what upgrades can add the most value at a reasonable price.
What are the Advantages of a Home Attic
- Storage Space: Out of sight, out of mind. Attics are ideal for storing seasonal decorations and personal items not used frequently out of the way. Similar to basement storage, but with a lower risk of items getting damaged by water.
- Additional Bedroom: In smaller homes such as row homes, every bit of space, bedroom size, and number of rooms matters. Finished attics can be used as an extra bedroom, which makes the house more valuable and appealing to buyers.
- Additional Living Space: If you’re uncomfortable utilizing your home’s attic as a bedroom, there are other options. An attic used as a home gym or office space, saves homeowners on memberships or renting an office. Furthermore, keep the rest of the home organized and clutter-free.
- Reduce the level of noise in the common living areas. Use the attic as a workshop or music studio to minimize the chances of bothering your neighbors. Most individuals spend time on the first floor in the living room or on the second floor in a bedroom. The attic, being the highest point of the house, can reduce the odds of bothering your next-door neighbor with your preferred lifestyle or hobbies.
Cons of Having a House Attic
- A negative aspect of your property having an attic is another room to complete regular maintenance. Added expense for maintenance tasks, heating cost, and cooling cost, especially in areas that experience severe weather seasons.
- Temperature extremes. Excessive heat can cause moisture, which leads to mold. Additionally, low temperatures can cause crumbling or cracking in the walls or ceiling.
- Not all attics are equal in size. Most home attics have sloped roofs or limited space, which makes some activities difficult.
- Potential safety hazards. Poor ventilation can lead to respiratory issues, especially in older houses. Additionally, most attics have limited fire escape routes, which is another safety issue.
Average Cost to Renovate a Home Attic
The cost to renovate an attic depends on numerous factors. Some of these factors can be overlooked, such as adding a bathroom. However, safety concerns like fire escape or standard factors like permits are a must-do aspect. On average, renovating an attic can cost between $20 to $60 per square foot. Below are factors to consider when renovating a home’s attic.
- Size of the attic. The larger the room, the more material required to complete the project.
- Types of Finishing. Adding a bathroom or special features like cabinet storage or central air ducts can run the price up.
- Labor cost. Each contractor charges a different rate for their services. Shop around for contractor estimates to determine the best price for the quality of work.
- Permit cost. When making major updates to your property, you will need a licensed contractor to pull necessary permits from the city or township. These permits would include a code enforcer for the city/township to review the work for approval.
- Location matters. The cost of services and materials varies by state. Some states have lower taxes and material costs, which makes the renovation more affordable.
Importance of Insulating Home Attics
Insulation is an important aspect of any home, keeping the warm air in and cold air out. Additionally, hot air rises, so attic insulation is crucial to regulating utility bills. The price of insulation varies, although homeowners and contractors tend to favor spray foam insulation for attics. Spray foam insulation is resistant to mold and moisture, along with being durable.
Be careful removing old insulation due to the concern of asbestos. Overall, the upfront cost of home insulation will pay for itself in no time when the cost of heating or cooling is drastically reduced.
How to Properly Maintain an Attic
It’s vital to complete regular home maintenance to reduce the risk of a minor issue becoming serious. Completing regular home maintenance tasks reduces costly repairs and energy costs. Follow the list below, we’ve put together ways to properly maintain your attic.
- Complete your inspection at least twice a year, before any extreme seasonal weather. Clean any trash or clutter to reduce the chances of pest/insect infestations. Additionally, improving air circulation and ventilation.
- Ensure there’s no mold, leaky pipes, cracks in the wall, or holes in the roof. Address these issues right away if present.
A homeowner can conduct regular maintenance tasks themselves. Although if there are any questions or potential issues you cannot personally address. Then, consider hiring a professional to ensure things are done properly to protect the home and save money in the long run.
Is it Worth Having a Home Attic?
Yes, having an attic in your house can provide higher home value. Additionally, home attics provide extra storage or an additional bedroom, allowing for more use and comfort. Although attics can serve multiple uses, such as a playroom for the kids, an art studio, a music studio, a workshop, or a home office.
On average, a finished attic can add up to 20% value to a property. When considering renovating the attic, shop around for contractors and their prices. Once the attic’s completed, conduct regular maintenance and home inspections to minimize issues.
Attics are ideal for individuals with large families, homes with limited space, or creative individuals. Although no homeowner can argue against additional storage space or an extra secluded room. Furthermore, adding value to your home while making it more appealing if selling the house.
Lastly, ensure the contractor is licensed and insured, and necessary permits are pulled to limit issues. Overall, a finished attic adds value to the property and is worth considering.
