The housing market has started recovering, but many people are still gun shy about it. Instead of buying new, they prefer to get the most out of their homes now and at resale. There are numerous ways to expand your living space and push up the value of your home. The best one for you will depend on your budget, location, and sense of style.
Build an Addition
The most direct way to expand your living space is an addition. The cost of an addition depends on its size and the complexity of construction. HomeAdvisor.com puts the national average at around $40,000. While any addition will increase your home’s value, the nature of the addition and your location will determine the percentage you can expect to recoup at resale.