If a house is 750 sq ft., is it worth it to add an additional 75 sq. ft. by finishing an attic?

Question

This is approx an additional 10% square footage.

How much value could this add to my house?

Answer 1

I take it that your home is currently a one bedroom unit. The finishing of the attic will effectively give you a second bedroom and will definitely add value to your home. The question is, "how much?" and this impossible to answer without a lot more information. but it sounds like a good project and bringing your home over the 800 sq.ft. range and changing it to a 2 bedroom will certainly add value.

Answer 2

Any additional sq/ft will add value. The amount is the question. You should hire a local real estate appraiser to come take a look, and tell you what value you will add. Only then can you decide if it is worth it.
RE Agent,
Remax

Answer 3

None, unless it's a high rise in a huge city where property is scarce. If you own the ground beneath and around it, it's better to tear the structure down and build a 2 or 3 story. That way you're not paying for the air from going upward, or the cost of purchasing additional land.

Answer 4

75 sq. ft is real small for any room but will make you a good storage area that you will need living in a 750 sq ft. house. good luck

Answer 5

As a mortgage lender I can say that many banks have restrictions on financing around that square footage so making it a bit larger could add value by increasing potential buyers.... just a thought.
Best Regards,
Charlie