A basement can be a great opportunity for you to add extra livable space and value to your home. If you currently have an unfinished basement, that’s space you already own, pay taxes for, have walls and ceiling and sewer hooks-up for, so you might as well use it!.
Underground space is worth less than your above-ground square-footage. However, as long as you spend less than 10 percent of your home’s value on finishing the basement, you should get a good payback when the time comes to sell.
Another way to ensure a good return on your investment is to convert your finished basement into a space that a majority of homebuyers will enjoy. For example, you might want to turn it into a multi-purpose family lounge room or extra bedroom space. Just make sure you don’t divide up the space too much as most homebuyers these days prefer open-concept layouts.
However, if you plan to stay in your home for a long time and potential return on your investment isn’t a big concern, you can use your finished basement however you want. For instance, you can put in that home gym or the bar and billiards lounge you’ve always wanted. By doing this, you’ll still add value to your home and have a great space you can enjoy for years to come.
Here at B&E Construction, we have the experience and expertise necessary to turn your unused underground space into a great finished basement. Give us a call today to learn more about our basement remodel services!