Your basement should serve more than just as an empty storage area - you can turn it into an enjoyable living space that everyone in your household can take advantage of.
Consider these reasons for investing in a basement remodel: 1. Provide additional sleeping arrangements for family and guests. 2. Design an enjoyable media room suitable for family movie nights or socializing among friends.
1. Increase Your Home’s Value
Finishing your basement increases the value of your home, regardless of whether or not you rent it out as extra living space.
Reselling value of your finished basement may vary significantly based on its location and real estate market in your neighborhood. For instance, renovation work done in Toronto likely has much higher resale value than equivalent projects completed elsewhere such as New England.
Overall, finishing your basement can be one of the most cost-effective ways to add value to your home and typically yields faster returns on investment than kitchen or bathroom remodels. According to Remodeling Magazine's Cost vs. Value Report, an average basement remodel typically costs $25,000 with an expected resale value of around $80,000 upon resale.
2. Add Extra Living Space
If your family is expanding or simply needs more room, a basement remodel could be just what's needed. From creating an entertainment area for movie nights with the kids and fitness routines to friendly competitions between neighbors or simply an additional living area away from all of the noise and chaos - transforming a basement into something useful can provide just what is needed!
At the time of selling, an attractive space will help attract potential buyers. Consider adding custom storage solutions like built-in shelving or open cubbies for toys, crafts and office supplies, wire racks or pegboards for tools or sporting equipment storage and out-of-season clothing hangers to make the space inviting to potential buyers.
3. Create a Home Office
As more people work from home, turning your basement into an office has become an increasingly popular home renovation idea. With some imagination and planning, your basement can become just as functional and productive as any other room in the house.
One of the key aspects of designing a basement home office is lighting. Since basements can often be dark spaces, investing in quality overhead ambient lighting as well as desk lamps or sconces with bright bulbs is crucial.
Home offices should reflect your professional goals and inspire productivity, such as adding cozy furnishings such as upholstered chairs or comfy cushions to reflect this goal. If you anticipate hosting clients or colleagues in your office space, a separate entrance could even add another level of privacy.
4. Add a Bathroom
Basement bathrooms provide family members and guests with convenience while increasing your home's resale value. If you want to add one in your basement, consult with a qualified contractor who will help secure permits from local authorities while adhering to all regulations that ensure its compliance with local standards and safety regulations.
First, determine what type of bathroom you want. Options could include installing a full bath with tub and shower, three-quarter bath or just toilet and sink. Next comes installing fixtures. Your contractor can help select suitable toilet, sink and bathtub/shower combinations that complement your space perfectly.
Addition of a bathroom in the basement will add extra storage space and help organize your home more effectively. With shelving and cabinets strategically placed throughout out-of-the-way areas and built-in closets to create customized storage solutions for clothing, crafts, toys and other necessities - creating additional storage capacity at a price you can afford is definitely a plus!
5. Create a Game Room
Make the basement more enjoyable for family and friends by creating an inviting gaming space in your basement. When selecting your goals for this room, such as video gaming or more social activities like a pool table gathering spot, be sure to include enough seating and lighting options so everyone can participate!
Create an inviting space by choosing a unique theme for the space. For instance, if your family enjoys hockey, turn your basement into an NHL-inspired arena by designing it like an NHL arena rink design or incorporate a creative corner for arts and crafts projects. A rollout poker mat can save floor space when switching from video gaming to board gaming quickly - the right furniture and space will turn your basement game room into everyone's go-to hangout spot!
Transforming your basement into a functional and enjoyable space can significantly enhance your home's value and livability. Whether you're looking tо add extra living space, create a home office, add a bathroom, оr design a game room, a basement renovation, remodeling and finishing company can help bring your vision tо life. Consider these popular reasons for a basement remodel and enhance your home's potential for both enjoyment and resale value.
