There are commonly three main reasons for improving a home:
- To increase the owner’s enjoyment of the home
- To increase the value of the home
When considering renovation, it is most important to analyze how long you are likely to stay in the home. If it’s short-term, yo may be much better off leaving the home as it is, unless the home itself is a real fixer-upper and even modest improvements will significantly increase the sale value of the home. Kitchens and bathrooms are typically the most common areas for renovations.
Finished basements are obviously a terrific way to add additional space to the home. However, for a finished basement to add to the legal square footage it must be above grade with a legal egress. It is always advisable to check the facts before beginning.