Whether you want to add a home theater, a home gym, or upgrade your basement into a livable, usable space, there are a variety of benefits to finishing your basement.
When you work with an experienced remodeler like Kitchen & Bath Galleria, we can help you create a spacious and useful living area in your basement.
When your home is appraised before selling it, there are a number of things your appraiser will look for, including the size and layout of your home. When evaluating the size and layout of your home, an appraiser will look at the total square footage of the home as well as the size of each room and the number of bathrooms and bedrooms.
In addition, they will also look at whether your home has an attic, a crawlspace, or a basement. All of these factors add value to your home.
Appraisers will calculate the value of your home’s rooms using these key terms:
An appraiser will typically start with a rough gauge of the price per square foot of your house. They will also look at how much of your home contains above-grade rooms versus below-grade. Your basement or other below-grade living space is worth about half the value of the above-grade living space.
When you’re preparing to sell your home, there are a variety of improvements you can make to add value to your home. From painting to installing new carpet, there are a number of ways to add value to your home.
Another way to add value is to finish your basement. Whether or not you should finish your basement is to look at your lifestyle, the local real estate market, and what goals you have for finishing the basement.
If you don’t plan on selling for a few years, you will have time to utilize your finished basement that has been transformed into a workshop, a home theater, or an in-law suite. In addition to the enjoyment you can get out of a finished basement, on average, you can also expect to see a 70% return on investment when you sell your home.
Check your local laws and make sure you have the oper permits to finish your basement. You can check with your local jurisdiction about getting your project approved.
If you don’t plan to sell your home in the near future, you’ll want to choose a function that suits your lifestyle. Determine your needs. Do you need a guest bedroom? A playroom for the kids? A game or entertainment room? A larger laundry room?
If you are finishing your basement strictly for resale purposes, you will want to look into the local market and see what functionality will sell the best.
Typically, homebuyers are seeking open floor plans, which may be difficult to accomplish in a basement. This is due to obstacles such as load-bearing walls and objects such as the electrical box, furnace, or water heater. You will need to discuss these obstacles with your contractor and determine which layout will make the best use of your basement.
also want to make sure you maximize ceiling height to offer the best lighting and to meet standard building codes with at least a 7 -foot ceiling.
If you can create a walk-out basement, you can add natural light to your basement. This will make the basement more enjoyable for you and your family and for potential buyers.
Due to moisture issues, you will want to avoid hardwood flooring since it can become warped or gapped. To combat the cold, drafty air in a basement, you may consider high-quality carpet flooring. If you live in a warmer climate, vinyl flooring is also a great option.
You may be wondering if it is worth finishing your basement to add value to your home. Check out these key benefits to help you decide if a finished basement is right for you:
An unfinished basement offers you the chance to start from scratch and create the living space you have always envisioned. The possibilities are endless. From a playroom for the kids, a large bathroom, extra guest room, or a game room, there are a variety of options to choose from when it comes to finishing your basement.
If you plan on selling your home, finishing your basement can create a spacious living area that can be appealing to buyers. Newer homes aren’t featuring basements like before, so homes that have a basement will be in demand.
Finishing your basement can help you create additional living space within your home when zoning laws don’t allow an addition. In other cases, you may not have the space on your property to add on to your home. Finishing your basement won’t affect zoning laws or your neighbors.
When left unfinished, your basement can become a place for unwanted pests, foul odors, and other safety risks. Thign slike radon gas can seep through your unfinished basement walls and floors, which is dangerous to your health.
Additionally, unfinished basements can harbor mold and mildew, which create an unpleasant odor, and they are also more accessible to insects, rodents, and other pests that can get into your home. When you finish your basement, you can help reduce your risk of these issues.
If you want to add property value, bring your living are dreams to life, and create an affordable and useful space, Kitchen & Bath Galleria can help you reap these benefits! Contact us today to get started!
Greg is the owner of Kitchen & Bath and has been providing designing and building services since 1986. With that much experience, he's become an expert in several types of home renovations.