Remodeling your basement is the best home fix you can make for the money, according to Bankrate.com's post on a 2014 report by Remodeling magazine.
Others that top the list for adding the most dollar value at resale are: adding a family room, an upscale kitchen remodel, adding a moderate master suite, building a two-story addition and adding an upscale master suite.
Advice from the experts:
Remodel for the right reason."It's smart to do it for your own enjoyment and not count on getting all the renovation costs back at resale," says Pat Vredevoogd Combs, past president of the National Association of Realtors and vice president of Coldwell Banker AJS Schmidt Realty in Grand Rapids, MI.
Move out of the house for renovations. Contractor and host of HGTV’s "Holmes on Homes" Mike Holmes says, "A two-story or second-story renovation affects too many parts of the house, so living there is often not a good idea."
Keep it simple. "When it comes down to budget, the only way to save without doing it wrong is to go with simple finishes," Holmes says. "It's fairly easy to upgrade cosmetics later, if you want."
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