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The Ever Popular Bonus Room

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Jeff Horton

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
Very nice home, large well decorated. Thought this was going to be a simple job, it may be yet. Fellow asks me if I saw the upstairs yet?

What upstairs?

There is a bonus room accessible from the garage.

We head up there and they have just finished out the space and it is very nice. Large bonus room and two other rooms located off of them. Has it's own central HVAC. Then it hits me. There is not a single window or skylight in the place.

So how do you handle this? No, there is no sales that I am aware of like it either. I have an idea just want to see what you suggest. You might have a better idea.
 

Lee SW IL

Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
I would call it a storage area. Its over improved but it all it is.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
Access via the garage? I'd call it a finished attic..... and definately over improved. A wee bit for finishes, but probably not near what they spent.
 

Ted Martin

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified General Appraiser
State
Kansas
It's a finished basement that you have to go up to get to.
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
Any Realtor worth their salt will sell it as an 'everyone room'
The one where each family member walks in and envisions
it as THIER OWN private space for: sewing, media, computing, getting away,
any hobby you can name ansd some you shouldn't :eek: etc.
Selling 4 (or more) rooms instead of one...

Some people like caves :rolleyes: .

two thoughts:

What would it take to put in a window of some kind (dormer?)
What would it cost to put in a (egress) skylight?

and most importantly what would the buying public pay for it 'as is'.
OK no comps
but you do have an upper end value for FROGS with windows?
or
the finished cave-basement
(like that cave dwellin hubby of mine seems to prefer... <_< )

CAN I get a window? is obviously MY first thought :lol:
 

Joe Gomberg

Sophomore Member
Joined
Jul 8, 2003
Don't mean to add a question to the thread but...

Can you not call it an unfinished quarters? Seems like it could be a quarters if they add a window and some plumbing (if it doesnt have it already). Not too mention that you could then use comps with quarters and just adjust for finished and unfinished. Does the lack of windows rule this out as well?

You typically have what they call a "Texas basement" thats IF its over an attached garage.

man I'm stupid! hehehe :rofl: :eyecrazy: :mrgreen:
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
The ever popular "super adequate walk in closet".
 

Joe Gomberg

Sophomore Member
Joined
Jul 8, 2003
ahh the "Super Master Walk-in Closet" ... Mike that wasnt on your checklist you sent me??? :rofl:
 

Joe Gomberg

Sophomore Member
Joined
Jul 8, 2003
oh I forgot about one of the good ones I did when they asked the same question; "Have you been upstairs yet?"

Upstairs = 6 x 10 Finished attic w/vinyl flooring and swinging light bulb, accessible only from scuttle hatch with a ladder hanging down from it, located in the garage.


SWWWEEEEEETTTT!!! :rofl:
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
It's a Media/Entertainment room. Great for parties, etc. I've seen these more than once and never had a problem with them. You just can't use it as a bedroom (no windows).
 
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