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Bedroom/Bathroom Expansion, Pt. 4: Value Boosts and Final Tally A no-compromise bedroom/bath remodel may stretch the budget, but should pay off in the long run. Check out more value-enhancing projects from Sweat Equity. From "Sweat Equity" episode DSEQ-204

The Zimmers wanted only the best for their home and they ended up over renovating for their neighborhood and going over their budget by almost $20,000. By keeping their workmanship quality, choosing energy efficient materials and by doing most of the work themselves, when they do finally decide to sell their home their hard work will pay off.

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	The Zimmer's home exterior, BEFORE the bedroom suite addition. . .
	. . .and AFTER.
	The completed bedroom
	The completed bath

Value Tips for New Additions

The Zimmers exceeded their budget by almost $20,000, out pricing themselves in their market and loosing on their investment, but luckily they don't plan on selling for a long time. When you're adding an addition to your home, check your neighborhood comps before you start. Spending over the priciest house on the block guarantees you will loose some of your investment.

A master suite is a very trendy idea right now, but spend accordingly. Kathy and Aaron wanted all the amenities for their room and they ended up paying for it. But, by doing most of their own labor, they were able to keep the cost at least $40,000 dollars below what their dream room would cost if a contractor had done it all.

When you're adding an addition make it a room that will give you the highest return. Kathy and Aaron added a bedroom and a bath, which almost guarantees a boost in equity. Additions can sometimes cost $100,000 and if that room isn't a bedroom or a bathroom you could be loosing money on your project before you even begin.

The Zimmers chose to use SIP panel architecture to build their second floor. And in addition to having excellent insulation, their energy efficient windows, heated tile floors and gas fireplace will all add up to long term energy savings. Consider renovation choices that will affect your utility bills over the long term, another area in which equity can be gained.

FINAL TALLY

Bathroom:

tile = $1,924
shower = $1,979
bathtub = $4,000
heated floor = $2,000
vanities = $1,600

bathroom total = $11,503

Bedroom:

lighting = $3,538
fireplace = $1,826
carpet = $ 1,202

bedroom total = $6,556

addition = $25,989
windows = $8,000
siding = $7,312
roofing = $2,800
misc. = $4,427

TOTAL = $67,903

REALTOR'S ESTIMATED VALUE INCREASE = $45,000

TOTAL COST OF MATERIAL = $67,903

NET LOSS ON INVESTMENT = -$22,903

RESOURCES :

Resources for Sweat Equity, episode 204:

SunTouch, Radiant Floor Heating
Website: www.suntouch.com

SanSiro USA
Website: www.sansirousa.com

Pella Windows
Website: www.pellacolorado.com

Robern Cabinets
Website: www.robern.com

GUESTS :

Brian Propp, Insulated Component Structures – Rocky Mountain, Inc.
Website: www.ics-rm.com