Finished Attic Appraisal

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.

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. 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. 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.

However the ceiling height at its highest point is only 6 6ft. Spend less in a basement renovation for a lower appraisal or spend more in the attic for higher appraisal value. I don t see how a finished attic can be included in gla unless there are permits. I wouldn t put a water bed up there.

I have a finished attic stairs walk in closet full bath and bedroom. Finished basements and unfinished attic areas are not included in total gross living area. Santa clara county doesn t have finished attics but nearby san francisco does. What is unpermitted work.

Additions to homes and finished basements are some of the most common. First it wasn t engineered to carry the load that a normal living space floor carries. Gross living area is the total area of finished above grade residential space. Unpermitted work is construction on a home that does not carry the necessary permits to make it legal per local ordinances.

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. Fha hud guideline handbook 4150 2 states. It is calculated by measuring the outside perimeter of the structure and includes only finished habitable above grade living space.