5 Reasons Why Homeowners Should Consider A Basement Remodel
If you want to increase the living space in your home and add a little extra resale value, then a basement remodel could be the perfect option. Read on to learn about five of the top reasons why a basement remodel is a smart choice.
1. Increased Living Space
Basement remodeling is the perfect solution for homeowners who need more living space but don’t want to go through the hassle of building an addition. It allows them to create functional space in their home without interfering with zoning laws or neighboring properties. A finished basement can be a home office, play room, study or even a gym. It can also be used as a guest bedroom, in-law suite or rental unit. Finishing a basement can also increase the value of a home. This is because it increases the amount of finished square footage. And this can help the home sell faster and for a higher price.
2. More Bedrooms
Adding more bedrooms to a basement can make it more functional and increase the value of the home. However, it’s important to follow local building codes when making this upgrade. Whether you have a teenage kid or long-term houseguests, having an extra bedroom in your basement can be a great convenience. It also provides privacy for them so they don’t feel like they’re living in a shared space.
3. Additional Storage Space
A basement is the perfect place to store all of your extra furniture, seasonal decorations and any other items you might be unsure where to put. Grandma’s old rocking chair, outgrown kids’ bikes and play tables, trunks full of family letters and baby clothes are just some of the things that need a home in the basement.
4. A Home Gym
If you have a basement that is not being used, it may be a good idea to turn it into a home gym. This will help you to keep up with your fitness goals and eliminate the guilt of not getting enough exercise each day. One of the best things about a home gym is that it can be customized to your needs. Whether you want to use it for spinning or weight training, a design build remodeling contractor can make it happen. You can even add wall art and motivational quotes to increase your motivation. These can be fun and inspiring and will help you to work harder to reach your goals.
5. Increased Resale Value
In many cases, a finished basement will boost your home’s resale value. However, it’s important to keep in mind that resale values of basement remodels vary greatly by region and market. In some regions, homeowners may be able to recoup up to 70 percent of their investment in a basement renovation. A finished basement can also provide additional living space without enlarging your home’s footprint, which is an advantage in some neighborhoods with zoning restrictions that prevent you from expanding upward or outward. It’s also possible to turn your basement into a rental unit, which can add income potential for the property and increase its appeal if you plan on selling it in the future.