Basements are excellent for storage. But that doesn’t mean basements need to remain dark and dingy. Remodeling the lower level of your home increases living space, can add value to your property, and is energy efficient.
More Living Space
If you love your house but feel cramped, or you want another area where you can get some privacy, a remodeled basement provides more living space. The best part of refinishing a basement is that you can be as creative as you want. Since the essential rooms are already on the upper levels of the home, you can utilize this extra space to create a dream room.
A dream basement might be a playroom for children, so you don’t have to look at toys in the main living room. It could include a fitness area, game room, home theater, or a home office that is secluded from the rest of the house. Whatever you wish you had the room for upstairs can become part of a finished basement.
Potential to Add Value to Your Property
You may already know that kitchen and bathroom renovations generally have the best return on investment. But a finished basement can also add value to your property. By setting a budget, and working with a contractor who knows zoning laws and regulations for your area, you can create a space that adds value to your house.
A finished basement may add value if it includes:
- An additional bedroom. In smaller homes, a third or fourth bedroom in the basement may attract more buyers.
- Additional bathroom. If your house has just one bathroom, adding another one can be a good return on investment. If the basement provides the space for an additional bathroom, it is a good idea to include in your renovations.
- Income unit. An in-law suite or rental unit could also be designed for a basement remodel. This would need to follow zoning and safety regulations, so check with your contractor to ensure it is possible for your home.
Cold air can leak in through the basement, making a house feel drafty. Energy Star recommends sealing air leaks in both the basement and the attic in order to decrease this cold airflow and save on energy bills. When renovating a basement, check to make sure there are no gaps around pipes or electrical lines. This is also the time to make sure the basement is insulated properly.
When thoughtfully designed, remodeling a basement has many benefits. What does your dream basement include?