Remodeling a Basement (Build Like A Pro)

If you are thinking of selling then one hassle you don’t need is a last-minute renovation. With the housing market continuing to weaken, many sellers are going beyond the usual cleaning, painting and “staging” with flowers and pillows, by taking on big-ticket projects.

Real estate pundits warn that sellers are unlikely to get their money back from extensive renovations. But owners often feel they have no choice if they want to sell, especially when builders of newly constructed homes are throwing in hardwood floors, finished basements and other free upgrades.

According to Remodeling magazine’s annual Cost Versus Value Survey, the overall return for remodeling projects is on the decline, falling to an average of 70% in 2007 from 86.7% at the market peak in 2005.click here for article