Finished Attic Appraisal

To be included in the square footage an attic would first need to meet the same criteria as any other space heating flooring ceiling and wall covering.

Finished attic appraisal.

When i had the appraisal done the appraiser noted that due to the ceiling height the area would be valued separately and at a lower rate. Converting your attic into usable finished space can increase the value of your home by maximizing the available square footage. Some people wonder if an attic can be included in the finished square footage of a home if there is a pull down ladder or existing stairway to the space. I have a finished attic stairs walk in closet full bath and bedroom.

Gross living area is the total area of finished above grade residential space. I wouldn t put a water bed up there. However the ceiling height at its highest point is only 6 6ft. Santa clara county doesn t have finished attics but nearby san francisco does.

According to the nar 2019 report converting an attic to a living area nets an average 56 roi a higher return than adding a new bathroom or more than adding a new master suite. What should you do about unpermitted work when buying or selling a home. Whether you are a buyer or a seller improvements done without permits can prove. So it can feel like a catch 22.

Spend less in a basement renovation for a lower appraisal or spend more in the attic for higher appraisal value. What is unpermitted work. First it wasn t engineered to carry the load that a normal living space floor carries. I don t see how a finished attic can be included in gla unless there are permits.

Unpermitted work is construction on a home that does not carry the necessary permits to make it legal per local ordinances. Additions to homes and finished basements are some of the most common. If your home is smaller than other homes in your area or simply lacks the necessary amount of storage or living space for your family finishing your attic is a relatively inexpensive way to increase your usable space.