Living-in-place is an increasing trend. With fewer available events and extracurricular activities, families are spending more time together at home. Looking for a new retreat in your house? A fun place to hang out with family and friends? Or just somewhere to give the kids more room to play? Many people overlook a basement remodel when they plan to add space to their home.
Yet, with the right remodeling contractor, your unfinished lower level has the potential to be whatever you need.
What are the Advantages?
When you close your eyes, what “dream room” do you imagine your basement becoming? An entertainment room with rustic wood bar; a flashy, fun game room; a multi-screen man-cave with a beer fridge; a comfy, large-screen theatre room; an eclectic, uber-organized craft room; a spacious guest suite with full bathroom for the in-laws; or a cozy personal hide-away with a fireplace?
When planning how to finish your basement space, upfront cost and long-term investment value need to be part of the consideration. Keep in mind that, not only can you take advantage of the space while you live there but, on average, a homeowner can recoup between 60%-70% of the cost.
For example, a 1000 square foot finished basement with bath and bar might cost you $85,000 or more, but it could add $55,000 of value onto your home and bring additional resale appeal.
Important Factors to Keep in Mind
To make your basement a safe place to hang out with the family, it needs to be dry, clean, and up to local building code standards. Always work with a basement remodeling specialist who is licensed in your state and will obtain the proper permits.
The first step is to waterproof and repair any foundation issues. That will prevent your beautiful new rooms from experiencing unwanted water damage. Depending on how you plan to use your space, an egress window may be required for a second exit point and the additional natural light that it will provide to a room. Proper insulation on the walls and in the ceiling will help with any noise dampening and HVAC ducting will keep your entertainment areas warm and comfortable.
When all the planning and construction is complete, you’ll be ready to gather your closest friends and family for a party! It’s gratifying for everyone to see a beautifully finished basement filled with people enjoying themselves, especially if one reason for the renovation was to entertain!