5 Benefits to Renovating Your Basement
Finishing or remodeling your basement will increase your home’s value
A basement renovation will increase the value of your property. Not only are homes with finished, upgraded basements more marketable to home buyers they also have a good return on investment. In fact, a basement renovation can recoup over 70% of its original cost, according to Remodeling Magazine’s Cost vs. Value Report. You will increase the personal enjoyment of your house while you’re living in it and know that you’ve made a smart investment for the future if you decide to sell.
It can add extra living and utility areas
Having a finished basement can nearly double your living space. The basement is perfect for additional bedrooms to accommodate a growing family, a home office, fitness room, family room, home theater or kids playroom. The “found” space can be a haven for kids – small and big – to have their own area, be with friends, and have a good time. With a growing family, this extra space can be a big bonus.
3. A properly finished basement improves your home’s health and energy efficiency
Basement remodeling isn’t just about the looks, it’s also about the longevity and livability of your home. A neglected or unfinished basement is a magnet for damp and cold conditions. This means that your basement is quite likely compromising the environment in your home, exposing your family to discomfort and potential health risks. Indoor air doesn’t stay in one room. It circulates throughout a home, being pushed into bedrooms, bathrooms and the kitchen – where you and your family spend the most time.
Outdated and/or older basements are often also not properly insulated. You can greatly increase your energy efficiency for the whole house by properly insulating and air-sealing your basement. Proper conditioning will make your home more comfortable and possibly reduce your utility bills.
4. You can add a comfortable and welcoming guest space
Perhaps you would like to have more friends and family come to visit, but you just don’t have the room to accommodate them. Basement remodeling could give you a chance to add a guest bedroom or even a guest suite. A full bathroom completes the guest suite and creates a “hotel” type atmosphere to your house. Keep in mind, extending plumbing down to the basement takes some specific planning and layout, so consider enlisting the services of our design team to get it right the first time!
Remodeling your basement will provide a secluded space for your houseguests. Carving out room for a bedroom and bathroom will add a comfortable and quiet area for anyone visiting your home to utilize, offering more privacy than they might have on the main floors of your home.
5. It is a more enjoyable space to entertain
If you like to entertain during the holidays or you just like having parties, finishing your basement is a great idea! Your house can fill up quickly with people and you will be very grateful to have that extra entertaining space. With a well-placed seating area, television, and other amenities, your new living room in your basement can be the perfect place to watch a game or movie with friends.