Many homeowners see basements as dark, dank places unsuitable to live in; and in many houses, this is the case. However, basement finishing can allow you to transform your unusable basement into a functional extension of your home not immediately recognizable as basement space. Finishing your home’s basement can then be profoundly beneficial, as it can increase the functionality of your home, and can even increase your home’s overall value. If you have been debating finishing your basement but are unsure whether it will be worth the time and money, here are just a few of the benefits you could gain from finishing your home’s basement.
Add to Your Home’s Living Space
After having their basement finished, many homeowners are surprised to learn just how much space this can add to their home. In fact, in some cases, finishing a basement can double the living space of a home. This can turn a cramped home into a spacious one with plenty of space for the entire family. Additionally, finishing your basement gives you the opportunity to add: additional bedrooms for guests, office space, play space, or even a home theater. The possibilities are endless when you finish your basement, which can allow you to completely transform your home, and the way in which you live.
Increase Your Home’s Value
Finishing your basement does more than improve your family’s lifestyle, it can also prove to be a great investment. This is due to the fact that basement finishing continually proves to have the greatest return on investment of any construction project you can complete in your home. You will then see a great return on whatever money you put into your basement now when you go to sell your home down the road. Even doing minimal remodeling to your basement can have a huge impact on the value of your home simply due to the amount of livable space you can add to your home by doing so.
A Potential for Income
Another financial benefit of finishing your basement is that it can provide the potential for rental income. When finishing their basement, many homeowners decide to turn part, or all, of their basement into a rental space. This rental property can not only help to offset the costs of finishing your basement, but also, over time this rental property can end up making you money. However, it is important to be aware of any restrictions or regulations on renting such properties in your area before taking on such a project.
Improve Your Home’s Energy-Efficiency
After the attic, the basement is the area in the home where the most air enters and escapes your home. For this reason, finishing your basement can greatly help to increase the energy-efficiency of your home, as insulating, sealing, and waterproofing your basement is often part of the finishing process. After making these changes to your basement, you will be surprised to see not only how much more comfortable your home is during extreme weather, but also, you will likely be surprised by how much your utility bills decrease throughout the summer and winter months, as less heating and air-conditioning will be required to keep your home comfortable year-round.
For homeowners with an unfinished basement, finishing their basement can be one of the most beneficial, and rewarding, renovation projects they can complete in their homes. After having your basement finished, your home will be more livable, and enjoyable, than ever before. However, we have only touched upon a few of the benefits here which finishing your basement can provide you with. Contact us to learn more about the reasons why you should consider finishing your basement, as well as to learn about having your basement finished or remodeled.