real estate

The 6 best home fixes for the money

No. 2: Family room addition = $53,955
No. 2: Family room addition © Artazum and Iriana Shiyan/Shutterstock.com

No. 2: Family room addition = $53,955

Don't let the name "family room addition" fool you.

Even people who don't have families want a family room -- a great room, den or entertainment area "off the kitchen where they can watch TV and hang out," says Dick Gaylord, past president of the National Association of Realtors and broker with Re/Max Real Estate Specialists in Long Beach, California.

Since this is an addition, combine it with another project, like a kitchen renovation, to get the most for your remodeling dollar, says Mike Holmes, contractor and host of HGTV's "Holmes on Homes." "If you do it all at once, you're going to save some money," he says.

Another way to do it

Or, if you want a similar effect for less, consider repurposing existing space rather than building an addition, Combs says. Depending on your floor plan and the age of your house, you could use a formal dining room, old-fashioned living room or even finish a basement, she says.

If you do opt for an addition, do it "because it opens the house to better entertaining and gives it a better flow," Combs says. "You wouldn't do it just to sell."

And crunch the numbers to verify that the expense makes sense for your home, she says.

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