Basement renovations are one of the best ways to increase both value and functionality in your home, while creating a comfortable living environment for you and your family.
Renovation of a basement can be an expensive endeavor, but they will ultimately add value to your property and increase its worth.
Real Price for Basement Finishing
If you’re looking to increase the value of your home, a basement renovation can be an ideal way to do just that. Not only will it give you extra living space and curb appeal benefits; but a renovated basement may also serve as an opportunity to get extra living space from your space!
Remodeling a basement can serve a number of different purposes, from family rooms and home offices to gyms, hobby spaces and even rental units. By working with a reliable contractor you can craft the ideal finished basement tailored perfectly to your lifestyle and needs; with proper insulation this also reduces energy costs significantly.
Add Value to Your Home
Addition of living space can increase its value, while basement renovations can take it even further by providing an entertainment zone or office space that attracts families with children or remote workers.
Storage is another essential feature for basement remodeling projects. Organization is key and using custom storage cabinets or open cubbies will give your family more room to engage in activities outside the house. You can store everything from craft supplies to out-of-season clothing in these convenient solutions.
Some homeowners convert their basements into studio apartments with kitchenettes that they rent out to generate additional income. Though the return may not be as substantial, this option should certainly be considered by any homeowner.
Increase Your Home’s Value
Renovations to your basement will increase its value significantly, especially if you convert it to create an extra bedroom or bathroom – both rooms that buyers look for when searching for property.
Basements provide the ideal place for installing a laundry or mudroom. These spaces can be particularly useful in families with children and can help increase your home’s value.
However, adding amenities like a gym or wine cellar are less likely to increase its value as they won’t appeal to all potential buyers. When planning on selling soon enough, choose renovations which appeal to as wide an audience of potential buyers as possible.
Add Privacy
Renovation of your basement provides the ideal opportunity to add privacy. Consider installing sliding barn or French doors and choosing from among their wide array of colors options for installation.
Basements boast amazing acoustic qualities, making them an excellent place for entertainment rooms or personal theatres. By adding plush seating and an HD home theatre system, basements make the ideal place for the whole family to come together and unwind together.
An upgraded basement renovation can double as an in-law suite or guest room for families needing somewhere for elderly relatives or guests to stay when visiting. By adding amenities like a bathroom and kitchenette, they will feel at home while staying with you.
Efficient Ways to Utilize Space
Rather than using your basement for mere storage purposes, consider giving it the facelift it needs for optimal living space. Recessed lighting, vibrant paint colors and durable carpeting materials all help transform a storage area into an inviting living area.
Basements provide ample space for creating an exercise room if you require additional workout space within the house. Installing treadmills, dumbbell racks, and benches designed specifically for sit-ups can help you stay in shape at home.
Basements make ideal spaces for creating game rooms or entertainment areas, providing a fun space where families can come together. Simply adding in some television screens and comfortable seating will transform any basement into an engaging play zone for family activities.
Add a Bathroom
An extra bathroom in your basement can be an invaluable asset to any home, offering convenience for family members and visitors while simultaneously increasing its resale value.
Professional companies will initially gather information from you regarding the type of bathroom you desire before initiating planning. Together you will select fixtures and features like bathtub, shower and sink as well as incorporate high-power ventilation fans for moisture extraction as basements can often become damp environments.
Once all the framing and plumbing have been installed, an inspector will come by to make sure everything meets code before adding finishing touches to complete your project.
For a truly transformative basement renovation experience, turn tо Penguin Basements, the home of Toronto basement renovations, and let us help you create the perfect living space that exceeds your expectations.
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