Value of certain additional bedrooms, baths, garage, etc

[Kaleb Dodson]

I was wondering if there was anyone who has a good general understanding of what kind of value does adding certain features to properties in the Richmond market, and VA in general (though I know a lot of this varies wildly).

Things like:

Bed (maybe brings in an additional $10k of value, for example)

Bath

Garage

Pool

Carport

etc

Thanks!

[Darryl Matthews]

Home Improvement Project	Average Resale Value % Increase	Average $ Resale Increase
1. Add a pool	7.3%	$22,000
2. Finish a Basement	6.6%	$22,000
3. Add up to a 3rd Bedroom	6.2%	$20,000
4. Add a Full Bathroom	5.7%	$18,000
5. Add Living Space	5.3%	$17,000
6. Full Kitchen Remodel	4.8%	$15,000
7. Convert Existing Sq. Ft. to a 2nd or 3rd Bedroom	4.3%	$14,000
8. Full Bathroom Remodel	3.7%	$11,000
9. Install Hardwood Flooring	3.4%	$10,000
10. Add a Half Bathroom	2.9%	$9,000
11. Add an Attached Garage	2.2%	$7,000

[Ana Nuckols]

This varies a few thousand dollars depending on finishes and location.

Things like:

Bed - $10K

Bath - half bath: $5K full bath: $8K

Garage - $15K

Pool - $10-$15K

Carport - $3K