Have you been thinking about a basement remodel in your home, but just aren’t sure if it’s worth it? If so, you have come to the right place.
For most homeowners, the basement is a burden they would rather ignore. Instead of using it as a living space, they will simply fill it with junk and clutter. While using the basement for storage is completely normal, in some cases the clutter can become a hazard. Too much clutter will often lead to a rodent infestation problem, which will ultimately end up costing you more money.
Most homeowners shy away from remodeling their basement because they believe it will be too expensive, and too time consuming.
Those are no doubt very real concerns. But the reality is, a finished basement is well worth the initial hassle. Not only will it be financially rewarding, but it will also add a new level of comfort to your home.
With that being said, here are a few reasons you should consider finishing your basement.
The Return on Investment Is Amazing
Yes, a basement remodel can no doubt be expensive. And it is for that reason most homeowners will put it off.
However, if you look at the return on investment, you might quickly change your mind. A remodeled basement can add a great deal of value to your home.
As a matter of fact, in 2017, homeowners who finished their basement were able to recoup up to 70% of the cost once they sold the home.
So while it can be a huge investment, it will more than pay for itself in the long run. And even if you don’t sell your home, the increase in equity can still prove to be valuable.
Here are a few tips to help you better manage the cost of a basement remodel.
It Will Give You More Livable Space
Don’t overlook how valuable the space in your basement can be. Especially if you are running out of room in other parts of your home.
Let’s say for instance your twin teenagers have now reached the point where they want their own space. If you have a basement you can turn it into an additional room. And depending on how big your basement is, you may even be able to turn it into two rooms.
Other ways you can turn your basement into a livable space are by turning it into a game room, office, gym, man cave, or theater.
Truth is, you can use the space for anything you want. The possibilities are endless!
It Will Make Your Home More Appealing
I think it’s safe to say we all want a home we can be proud of. We want to be able to take our friends on a tour of the entire house, not just the upper levels.
Most people don’t even look at their basement unless they need to throw something down there for storage.
And hey, we get it. Most basements are cold, damp, and scary. But they don’t have to be. A simple remodel can add a new layer of appeal to your home.
And when we say simple, we mean adding some new paint to the walls and furnishing the basement can go a long way. Although basement windows are small, don’t forget to keep them clean for a more polished look. You don’t have to spend thousands or do something extraordinary to turn your basement into something appealing.
It’s all about learning how to be creative and using what you have at your disposal.
A Final Tip on Basement Remodeling
If you do choose to remodel your basement, make sure you work with licensed contractors only. This way you know you will be protected should something go wrong.