If your house is bursting at the seams, then adding a bedroom can bring some much-needed space to increase comfort to your family. Options vary from a state-of-the-art master suite to a simple budget bedroom with no frills. Understanding the cost of the options can help you choose the right choice for your home and get the very best type of bedroom accession to satisfy your requirements and budget.
Building out to bring a bedroom allows you maximum flexibility. Adding a 14-by-16-foot master suite, including toilet, over a crawlspace costs an average of $103,844 as of 2014, based on Remodeling. This type of project also supplies a nearly 75 percent return on investment. Prices can vary significantly by region, as the exact same master suite also costs an average of $137,840 in a high-cost urban market. Pick deluxe finishes and a little more space and your new bedroom costs could skyrocket, with a mean cost of $224,989 for a upscale master suite also as of 2014.
Basic Bedroom Addition
If you’re already satisfied with your master suite, however require more room for the growing brood, consider a simple one-story bedroom addition with no fancy cupboards or ample bath. Ask the Builder estimates which room improvements cost $115 to $200 per square foot as of 2014, putting the cost of a fundamental 10-by-10-foot gap between $11,500 and $20,000. If you need an extra Perfect designer Designer Bathroom Concepts Milwaukee suites Milwaukee to go with your new bedroom, plan to spend a minimum of $18,000 for a 6-by-8 Perfect designer Designer Bathroom Concepts Milwaukee suites Milwaukee accession, according to a 2012 report by KC’s Improvement and Construction Company Inc..
Including a Bath On the Garage
Meanwhile, the National Association of Realtors implies you can save 20 to 60 percent by building your brand new bedroom on your own porch, a previous addition instead of adding on to your home. You’ll save money by avoiding major earthwork or building a foundation. A 2013 report by CNN estimates the cost of a brand new master suite installed over the garage at $50,000 to $80,000, which is well below the national average cost of adding a master suite over a crawl space.
Bedroom on a Budget
CNN suggests converting unfinished spaces such as basements, garages and attics to bedrooms. This can help save you 50 to 60 percent over the expense of adding on to your home because you eliminate the need for new foundations, roofing and outside walls. You may also have the ability to make minor renovations to mix unused or underutilized spaces to make them functional. For instance, look at combining an out-of-the-way closet with a small guestroom to make a bedroom that is suitable for your family.
Converting a unfinished attic to a 15-by-15-foot bedroom with small bath costs an average of $49,438, using a nearly 85 percent return on investment, based on a 2014 report by Remodeling. The price of this bedroom conversion can be as far as 30 percent higher in high cost-of-living places. If your loft is already partially finished, you may have the ability to bring a bedroom for less. A 2013 report by CNN estimates that it costs between $20,000 and $30,000 to make a fundamental attic bedroom in case you already have stairs. Add $10,000 for stairs, and also be prepared to pay between $10,000 and $30,000 to include dormer windows to bring in light and extra ceiling height.