When it comes to different areas of a house, the basement is often the one that is most neglected. While some homeowners turn it into a useful home addition, others tend to ignore this area entirely. What many fail to realize is that the space can actually be utilized for various purposes. Not only does a finished basement create a functional and visually appealing space, but it also increases the value of your home.
In this article, we will share with you four reasons you should pursue a basement renovation:
1. For additional space
Although there are many ways to transform your basement, one important aspect to remember is that you will have additional space when it is renovated. Not only does the space function as a storage, but it can also be turned into a guest room to accommodate your visitors.
If you need another room for your growing teen, you can utilize the basement. Others turn it into an entertainment hub, a kids’ playroom, a family movie theatre, a home bar, and more. When it comes to utilizing the space below your home, the possibilities are practically endless!
2. For enhanced comfort
Your unfinished basement can be extremely cold and damp, which can lead to excess moisture, mould growth or infestation, and the presence of various pests. All these will essentially compromise your underground space, the structure of the house, and the overall foundation.
Pursuing a basement renovation can work many wonders, where contractors can install insulation to enhance everyone’s comfort levels. As mentioned above, you can even go as far as decorating the basement space for functional purposes, giving you and your family the utmost comfort as everyone relaxes at home.
3. For increased home value
According to HomeAdvisor, the average basement remodelling project can have up to a 70 percent return on investment. Sure, undergoing such a project can give you additional expenses, but you’ll be surprised at how a finished space can significantly increase the value of your property.
In fact, should you put your property with a finished basement in the market, it will look more appealing to homebuyers more than ever. When the time comes that you decide to sell your home, you will earn a high return.
4. For money-saving properties
Did you know that a finished basement will help you save money in the long run? Why? An unfinished space doesn’t have sealing, which means that your home’s cooling and heating systems have to work much harder.
With a finished basement, you can ensure that your cooling and heating systems will work efficiently and reduce their energy consumption, allowing you to save up on your monthly energy bills in the long run. Furthermore, you won’t have to spend much on costly repairs and even replacement brought by your damaged basement.
There’s no denying that a finished under space is a useful home addition. As outlined above, a basement renovation can provide additional space, enhances your comfort, increase your home value, and help you save money. If you haven’t yet done so, then it’s about time to start utilizing this part of your home. Ultimately, the project will be worth your time, money, and effort combined.
We have over 25 years of experience in building and renovating homes. If you specifically need a basement renovation in London, Ontario, get in touch with us today to see how we can help!