The Benefits of Finishing your Basement
Finishing your basement makes a lot of sense if you want additional living space in your home. Turning existing space that isn't being used into a bedroom, second living room, or small apartment is always more cost-effective than adding onto your house. Here are some major benefits of complete a basement remodel.
Value - Finishing a basement offers the best price per square foot of any remodeling project. Additionally, there is a high demand for homes with ample amounts of space to accommodate big families which has made finished basements very marketable. You can expect to see a return on investment of up to 150% when finishing your basement.
Space - Spacious rooms with ample lighting can make basements very inviting. Most people don't use their unfinished basement space very effectively. Typical basements include a myriad of storage boxes scattered about the floor. A finished basement provides storage, shelving, and general organization.
Entertainment - Unlike your main level, where often you only have a limited floor plan to choose from, the design of your basement is completely up to you. From simple TV rooms to luxurious rooms with a big screen, surround sound, and tiered seating, the basement is where many people choose to hang out. Pool tables, game rooms, and lots of space also contribute to make this area popular for parties.
Additional Income - Basement apartments are a great way to add extra income and resale value. Many basements rent at 75% of the cost of your monthly mortgage, quickly offsetting the upfront cost of finishing the space.
Overlooked Basement Remodeling Ideas
One of the easiest ways to add more room to your home is to better utilize the space you already have. Remodeling the basement, garage or attic are all cost-effective ways to greatly expand your home's living space.
Most basements are dark areas where we store seasonal decorations, old toys, and anything else not used on a regular basis. This is the perfect remodeling project to begin reclaiming your space. First, think about how the basement environment naturally lends itself. You can save money if you think creatively and turn the negative aspects of the space into positives. For example, a lack of light would be a drawback in many rooms. However, it's quite useful if you convert the space into a home theater or dark room. Here are some other basement remodeling ideas:
Play Areas, Teen Hangouts, & Music Studios
A basement's isolation creates a sound break for a children's play area, a teenager's hangout or a music studio. Soundproofing a basement is a smart investment no matter what you choose to do with the room. Soundproofing will keep the noise to a minimum so that people upstairs can enjoy their own space just like the ones down stairs.
Exercise Rooms & Recreation Rooms
The large space of a basement lends itself to an exercise room with lots of equipment or a recreation room large enough for a pool table and other games. For an exerciseroom, it is a good idea to have carpet laid because it will add a little cushion for anyone doing sit-ups, running in place, or other jarring activities. However, it might work best to have the recreation room left with a concrete floor. Many recreational activities lead to spills of food or drink, pool table chalk, and other items. By keeping the floor concrete you allow easy cleanup for spills. If you don't like the look of plain concrete, Elite Renovation Systems offers both concrete protection and refinishing services.
Home Wine Cellars
The cool environment of a basement easily lends itself to a wine cellar. This is a particularly smart remodel when your basement is not very big. However, if you have a large basement but don't plan on a massive wine collection, it is just as easy to build a small room in one corner that can be utilized as your wine cellar.
The most important thing to remember before you begin any basement remodel, however, is to solve any moisture problems you might encounter in the future. Even if your basement rarely has dampness or flooding, it's best to speak with your contractor to solve the problem completely before beginning any remodeling work. Elite Renovation Systems also offers concrete waterproofing services.