Adding to a living space is a win-win for any home. Remodeling your basement is an effective way of accomplishing this goal. There are a number of advantages when you remodel this part of your home. Here are some of the benefits of taking up this remodeling project:
Increased living space
The basement of any home usually has quite a lot of square footage for you to work with. This space tends to be under-utilized. But by creating multiple rooms, a bathroom and some storage area here, you can benefit quite a bit from this space. It can help you create those extra bedrooms when your family grows or a guest bedroom, storage space, a rec room, a hobby room, a workout room, a home theater, etc. It’s even possible for you to double your living space by remodeling your entire basement.
Whenever you add some usable space to a home, you will increase its resale value. When your remodeling project allows you to add a popular space here like a gym or home theater, the value may go up even more. But the final price will obviously be decided by the local real estate market.
There are a few limitations when you remodel the first or second story of a home. There are project and design constraints to adhere to and you’ll need to ensure it matches the rest of your home too. But there are no such limitations when you’re working on a basement remodel. You will not have to worry about it matching the rest of your home. In fact, you can even move away from the style completely and turn this living area into something different and innovative.
Home remodeling can be a little expensive. Adding rooms to a home involves construction of additional walls, a roof, etc. But with a basement, these structures will already be present. This will reduce the amount of time and the materials needed for the project and hence the overall cost too. The interior construction of drywall, insulation, ceiling and flooring will still be required but these materials don’t cost as much to install.
You will be opening yourself up to a variety of income possibilities when you complete a basement remodel. If you construct a complete apartment, you can rent it out. You could also create a workshop or some type of hobby room which you can use to start a home based business that earns you money.
So you see, a basement remodel can be quite an exciting proposition. It will certainly open new doors for a family who is need of additional space.