Boost Your Home’s Value With A Basement Remodel

Basement remodeling is one of the most effective home improvement projects to boost your home’s value and lifestyle. With up to 78% return on investment, a basement remodeling project yields better value than just about any other major home improvement including full kitchen and bathroom remodels.

Three Reasons Why Homeowners Should Invest In Basement Renovations.

1. The value of converting an unfinished basement is greater than its resale price.

If you are considering selling your Minneapolis house, basement renovations can add a lot of value. It has many other benefits, even if your plan is to remain in the same place for a long time.

Imagine creating memories with your family by hosting movie nights, hanging out, or other gatherings in a beautifully finished basement. Imagine having an area you can rent for extra income. A basement remodel can provide both. You can even add a Kitchenette to make it more usable when entertaining.

2. It is cheaper to remodel a basement than build an addition.

Upgrade your unfinished basement to create more space in your home. It is a remodeling job, not a construction project. Finishing a basement is less expensive than building an addition, and it can be completed in a shorter period of time, allowing for more space.

3. Tax benefits for basement renovations.

The addition of a home office in the basement is a great way to get yearly tax benefits if you own your business. For example, if your home office occupies 10% of the space in your house, 10% of your electricity bill will be tax-deductible. This could apply to mortgage interest, homeowners insurance, property taxes, and other areas.

How To Convert An Unfinished Basement.

When you are considering remodeling for your basement, keep these tips in consideration:

Plan your return on investment.

Basement remodeling can be an excellent investment, yielding a return of up to 80%. Plan to spend between 5-10% of the current appraised value of your house on remodeling. You might not see the same return if you spend more than this.

How to deal with basement moisture.

Insufficient ventilation can lead to a humid basement. Open all windows you can and use fans to circulate air for several days before remodeling. If possible, add ventilation by installing better windows and also consider an exhaust fan.

Respect local ordinances.

Local building codes may require that a living area in the basement have a specific number of emergency exits. Be sure that you and the basement remodeling in chicago Il contractor are aware of all safety requirements in minneapolis.

Keep room for lighting.

The lighting in a basement is not something that can be done after the fact. You will either have a basement that is dark or cramped if you don’t leave enough space for lights, ducts, or a new roof. Lighting is a key component to creating a bright, spacious living space.

Take care what you seal off.

It can be tempting when remodeling a basement to cover up unsightly utility systems such as plumbing pipes, circuit breakers, and other exposed features. For maintenance and repair, it may be necessary to access them from time to time. Find creative ways to conceal them while keeping them accessible.

Keep the room open.

It is both practical and appealing to keep your renovated basement open and airy, just like the rest of your home. A wide-open design gives your basement an airy and spacious feel. Remember to leave any existing walls that may be supporting fixtures below the house.

Select moisture resistant materials.

Due to humidity and moisture, vinyl flooring is not recommended for basements. The same issue may apply to wood. Choose non-wool carpet tiles for flooring. For walls and ceilings, sheetrock or drywall is best.

Choose your style wisely.

You may want to give your basement a distinct style and quality. Experts suggest that the basement should be of the same quality or better than the rest and have a similar and complementary style.

Plan for staircase alterations.

The staircase is an integral part of any remodel. You’re not likely to want to leave the existing staircase leading to a basement that is unfinished. Consider ways to upgrade or finish the staircase in order to give your basement a polished appearance.

Add extra storage.

You can increase the value of your home by converting a partially finished basement room into a high-quality clothing storage area. Upgrades can include neat, moisture-resistant units to store books, games for children, and exercise equipment.

Remember That You Get What You Pay For.

The materials you choose for your basement remodel, and the quality of work of the remodeling contractor you hire will determine the value of the finished space as well as the rest of the home. You may not get the best ROI if your basement isn’t finished properly. You may also lose buyers if you feel like they will have to redo all the work.

Add Value To Your House with A Basement Renovation.

Enjoy a home that enhances your lifestyle. We are an award winning remodeling company and proudly serving the minneapolis area. Our team will help you bring your minneapolis basement remodeling vision to life, giving you the extra space you need and increasing your home’s value.