Appraisal rule of thumb question

2 Replies

Yes.

More useful living space is typically considered more valuable.

However, if you convert an area into a 'bedroom' - if the sqft doesn't work for a bedroom, or the conversion isn't to code, or it just looks 'weird' that may actually detract from the value instead of increasing it.

Originally posted by @Eric Delcol :

Yes.

More useful living space is typically considered more valuable.

However, if you convert an area into a 'bedroom' - if the sqft doesn't work for a bedroom, or the conversion isn't to code, or it just looks 'weird' that may actually detract from the value instead of increasing it.

 Thanks for the reply Eric. 

What are some of the things you look for to determine whether a house has the potential to add more useable space? (Abundance of Sq.ft., number of windows.. etc?)