The right reason to remodel
Want to get the most bang for your remodeling buck? With any remodeling project, it's smart to do it for your own enjoyment and not count on getting all the renovation costs back at resale, says Combs.
One feature in an upscale master suite addition that can help with resale: a fireplace, says Gaylord.
Not only would it be featured in the listing, but it can make the home easier to sell because "many people love" a master suite fireplace, he says.
Calculating bang for buck
Still, spending more on renovations doesn't translate to more money at resale, Morrel says.
Morrel recommends one down-and-dirty formula to calculate how much completing unfinished space adds to home value: Divide your home value by finished square footage. Now multiply the result (dollar value per finished square foot) by the number of square feet you're having finished.