Structurally, a basement is a home foundation. Many homes, especially in warmer climates, lack basements since they are not required because of moisture issues. Since basement developers should dig deep to set the foundation of new homes, including a basement for more space is basically at little to no cost.
The use and appearance of a basement have changed for years to what you know them to be these days. From becoming a space to keep clutter to being a living space extension, basements have become a valuable and important part of a home.
Before exploring the options and possibilities of your basement, ensure you explore the following benefits of renovating one:
1. Increase Value of a Home
Since an unfinished has unlimited use, it normally doesn’t count towards your square footage. Because of that, basement renovations help add square footage, thereby boosting the property’s value.
If you have plans of selling your home and are looking to sell it at a high price, renovating your basement will be a worthwhile investment.
In order to get the most out of renovations, you will need to plan things wisely. Open floor plans are prized highly. So you might want to avoid putting up a lot of walls.
2. Have an Option for an Aging or Growing Family
Limited space and growing family shouldn’t be the reason for moving to a bigger house. Adding rooms to the basement will solve most of these issues.
Adding more bathrooms and bedrooms in the basement may enable you to plan for tomorrow. Additional space will be helpful for the growing family, which could be parents or kids.
Based on the size of your basement, you may even have multiple spaces for your family and visitors. You can as well transform the entire basement into a suite for aging parents or grown-up kids.
3. Enjoy More Living Space
You may realize that your home is not offering enough space for the things you need to do. The good news is that you can have enough space for basic needs, like grooming, eating, and sleeping. But little space for recreation.
Like most homes, the basement is nearly the same size as the square footage. So renovating means, you will double the living space automatically. This may then be anything you want, such as:
- Guest room
- Man cave
- Home theater
- Game room
- Hobby room
4. Avoid Water Damage
In case you live in a place with steady rainfall, and the possibilities of water damage are serious issues, which may cost most homeowners headaches and thousands of dollars.
Having a basement can prevent this as it needs attention to fixing the existing water damage and waterproofing. Before renovating the basement even starts, it is necessary to waterproof external walls.
5. Improve Safety
By renovating your basement, you may minimize a lot of issues, like gas leaks, mold growth, and water leaks, which might damage the integrity and structure of a home.
This remains one of the best ways of avoiding dealing with serious damages to the basement and related expenses.
6. Energy Efficiency
Renovated basements help homes become energy-efficient. In most cases, unfinished basements with insufficient insulation will allow air to escape.
Renovated basements with added drywall and insulation layers can help reduce the energy required to cool or heat a home and keep the temperature consistent.
If you and your family struggle with high energy bills and want to limit your carbon footprint, renovating the basement of your home may help.
Basement renovation is a complex undertaking. This is why it pays a lot to be sure of the benefits you’re going to reap before you hire a home improvement firm. Because it needs an investment, you might want to ensure the upfront cost will be worth it.