real estate

6 best home fixes for the money

No. 2: Family room addition
No. 2: Family room addition © Artazum and Iriana Shiyan/Shutterstock.com

No. 2: Family room addition

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," Gaylord says.

Since this is an addition, Holmes recommends combining it with another project, like a kitchen renovation, to get the most for your remodeling dollar. "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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Holden Lewis

Cautious BofA heeds history

Remember the wise decision that Bank of America made in August 2001 in light of the decision it's making now.  ... Read more

advertisement
Partner Center
advertisement

Connect with us