Fortunately, there is a great resource to help you through the decision-making process. Remodeling Magazine publishes a Cost vs. Value Report (www.costvsvalue.com) yearly. You can customize the report by specifying your geographic location so that the data more closely matches your area.
For instance, according to the Remodeling 2014 Cost vs. Value Report, converting an unused attic space into a bedroom is a winner in San Jose, CA with 136.3% of the cost recouped, whereas the National average for the same project will only recoup 84.3%. That’s a big difference and worth checking into.
Check it out!
Remodeling Magazine’s 2014 Cost vs. Value Report, Copyright 2014 by Hanley Wood, LLC. Republication or re-dissemination of the Report is expressly prohibited without written permission of Hanley Wood LLC. “Cost vs. Value” is a registered trademark of Hanley Wood, LLC.