In recent years, an increasing number of developers are choosing to build houses on slab foundations. As a result, many new homes in the United States have no basement.
This trend has increased the value of homes with basements, as many people desire extra living and storage space.
While unfinished basements have real potential, they often leak, which leads to mold and dampness. To get the most out of your home’s space, finishing your basement is essential.
This article will consider the benefits of finishing your basement and help you decide if the investment is worth it!
1. Increase Your Home’s Value
Perhaps one of the most convincing benefits of a finished basement is the value it adds to your home. According to real estate experts, basement remodels provide an average seventy percent investment return.
For example, if you spend $20,000 to finish your basement, your home’s value will increase by about $14,000. So, if you want some extra space in your home, finishing your basement may be well worth the investment.
In addition, the added living space may attract more buyers when it’s time to put your house on the market.
2. Extra Room for Hobbies
When you have a finished basement, there’s an infinite number of ways to use the extra space. Some homeowners prefer to make a mother-in-law suite or convert it into a small apartment. Here are some other finished basement ideas:
- Home office
- Game room
- Theater room
- Craft or hobby space
- Bar and dining room
However you choose to use your extra space, a furnished basement is a great way to increase the functionality of your home.
3. Save on Your Energy Bills
If you’re looking for new ways to reduce your utility bills or limit your carbon footprint, basement finishing can help.
Often, unfinished basements are not insolated properly and allow air to escape. As a result, you need to use more energy to heat or cool your house.
However, finished basements have plenty of insulation and drywall to keep your home’s temperature consistent.
4. Earn Extra Income
Finishing your basement is also a great opportunity to convert your new space into an additional income.
If you include a full bathroom and kitchen in your remodel project, you can rent your basement out to long-term tenants or use it as a vacation rental.
5. More Storage Space
Is your home short on storage space? If so, a finished basement could be the answer to decluttering your home.
Unlike unfinished basements, which may be damp and moldy, a finished basement is a safe place to store your holiday decorations, exercise equipment, toys, or other unused objects.
Enjoy the Benefits of Finishing Your Basement
After considering the benefits of finishing your basement, you likely have an idea of whether this remodel is right for you. If you decide to take the plunge, be sure to hire reputable professionals who can turn your vision into a reality.
Did you enjoy this article? If so, be sure to check out more of our home improvement articles!