One of the better ways of adding equity to your home is with basement finishing. Not only is it a great way of creating more livable space, but it can easily add more value to your without having to put on an addition. When you go to sell your home you'll have increased equity and home buyers love more space that a finished basement provides.
Besides providing space for organization and storage, your basement can be a great place to give each member of your family a little nook of their own. Do you love to collect articles and mementos from your favorite sporting events and teams? If so, make a space in your basement to display all the things you're proud of. Or, better yet, let the things you've collected adorn the walls of a room and then fill it with exercise equipment to get you in shape as well.
Utilities can be walled off and exposed pipes covered or rerouted to make space for a complete livable room conversion. Replacing old or damaged surfaces such as walls, ceilings and floors might be all that's necessary to make a room look great.