Whether it’s for increased resale value or just to expand living space, many homeowners choose to get their basements finished. Also known as basement renovation or remodeling, the process is relatively quick and easy.
The options are almost endless. Some popular choices include a media room, sports bar or even a full home theater setup.
Increase Your Home’s Value
Your slab-of-concrete basement may be nothing more than a dusty collection of cobwebs at this point, but it has the potential to be anything you want. The right finishing touches will give the space a comfortable, warm, and functional feel that will add value to your home.
According to the 2022 Remodeling Impact Report, basement conversions are one of the top-four interior remodeling projects in terms of return on investment. It beat out kitchen and bathroom renovations and even new hardwood floor installation.
If you are planning on selling your home in the future, it is important to choose finishes that will appeal to a wide range of buyers. For example, adding a theater setup might not be the best idea, since not all families will have the same interest.
It is also important to make sure that the finished basement has an egress window or door that will allow people to escape the home in case of an emergency. An experienced contractor will know the proper code requirements and be able to help you with this.
Expand Your Living Space
When your home’s basement is finished, it can be used for anything you want. You can use it as a living room, including sofas and chairs, as a playroom for kids, a bedroom or even as a home theater. This will allow you to have a comfortable space to relax and entertain your guests.
The best thing about having your basement finished is that it allows you to essentially expand your home without violating zoning ordinances or losing valuable yard space. In addition, a basement renovation costs much less than building an addition.
You can also decorate the space to match your hobbies or interests. For example, you can design the space around your favorite sports team or a famous showbiz personality. This is especially helpful if you have a lot of memorabilia from the person or team that you like. This will give you a unique space that you can enjoy for years to come.
Increase Your Home’s Comfort
When you remodel your basement, you can choose from a wide array of amenities that will increase the comfort level in your home. This includes insulation, drywall installation and flooring. You can also choose from a variety of colors and styles to suit your personal taste.
If your home is feeling cramped with family members cramming into too little space, an aging relative returning to the nest or simply a growing collection of hobby materials taking over the main living areas, a finished basement can be a good fit for you. Plus, a basement finishing project is less expensive than building an addition.
The best way to make the most of your basement is by using a comprehensive Basement Finishing Windsor CO system like Owens Corning Basement Finish System. Its wall panels with built-in thermal and acoustic insulation turn your concrete basement into a functional living area without the months of mess and disruption typically associated with drywall basement remodeling projects. They also use mold resistant materials that eliminate the need to paint – a must in a damp basement environment.
Add Value to Your Home
A basement renovation can add a lot of value to your home. On average, homeowners see a return of 70 to 75% on the investment they make. It also helps to increase the livability of your home, making it a more functional space for entertaining, working or sleeping.
Whether you have an interest in the arts or are just looking for extra living space, there are many ways that you can turn your basement into a functional space. For example, you can create a home theater that will impress movie lovers. You can also create a music room, work-out area or sports room. You can even create a space that reflects your favorite team or showbiz personality.
Keep in mind, however, that your basement is below ground and not considered part of the total gross living area (GLA). Therefore, it’s important to consult with a real estate agent who is familiar with the local market and assessment practices when determining the value of your basement.