- April 7, 2019
- 1 Comment
- Angel Fire, Colfax County, Decorating, Eagle Nest, Home Upgrades, Mora, Sante Fe County, Sellers, Taos, Tips
People often wonder if they should convert their attic into a bedroom before they put their home on the market. Especially in New Mexico, where unique rooms are valued, this is an incredible idea that can bring a big return on your investment. People often wonder if adding a bedroom will increase the value of their home. It really does increase the value, but the question is whether or not it’s worth the investment. Home renovation is expensive and time-consuming. If you can do the renovations yourself and are a skilled DIY enthusiast, converting existing areas into your home into bedrooms where it makes sense can increase the listing price and selling price, because it will allow the home to appraise for more. Usually, adding an entire addition to the home brings in a less consequential return on your investment, because additions cost much more. However, adding an attic bedroom? That’s usually incredibly affordable for DIY enthusiasts.
Attics are often just empty, unused spaces. They bring very little value to the home, but another bedroom can significantly increase the value of a home. Attic to bedroom remodels generally bring a 104 percent return when you consider costs of materials and labor. If you can do the renovation yourself, the ROI is greatly increased. Plus, in our area of New Mexico, you can get creative with materials and save even more money, because, in places like Taos, individuality and artistic design are coveted. If your attic already has windows and electricity, the costs go down even more and the ROI increases even more.
Another thing to consider is that when you increase the number of bedrooms available in your home, you expand your potential homebuyer pool. A couple with a son and a daughter won’t be even searching for homes with two bedrooms usually. They will be looking for three bedrooms. If the same family also had another child with special needs requiring a quiet space to go to, then they might require four bedrooms. When they search for homes for sale in Taos, they would likely automatically filter out any homes that had fewer than four bedrooms.
What if you could greatly increase the value of your home and the number of homebuyers that see your listing by merely adding finished drywall and flooring like new carpet or easy to install luxury vinyl plank flooring?
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If you’re interested in moving to or within Northern New Mexico, contact Coldwell Banker Headin’ Home Realty for all the best listings and most up-to-date information. We are your Angel Fire area experts. Our talented, helpful real estate agents in Angel Fire specialize in residential homes, commercial buildings, condos, vacant lots, and ski properties. We’d love to help you find property with ski in ski out access in the Angel Fire, Eagle Nest, Red River, Mora, Colfax County, Taos, and the Taos Ski Valley areas.
Reach us by telephone at 1-575-377-1192 or by email. Check out our online listings from the comfort of your home. View virtual tours of Angel Fire real estate. You can also just swing in and see us! We are located right in the heart of Angel Fire, in the Mountain View Mall next to Lowes Grocery Store.
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