Simple Facts: Should You Renovate Your Basement?

Homeowners with unfinished or partially completed basements are sitting on a hidden treasure. Most basements are the same size as the house above, which can mean doubling your home’s livable space once you complete a basement remodel. Here are some simple facts about basement renovations you should know.

Cost vs. Condition

If you live in a home that is over 30 years old, the foundation’s settling may cause cracks in the structure. Over time, moisture, mold and insects can invade the area. Even finished basements can find unwanted moisture entering the basement. If the seal is broken, your home could be in danger of mold or mildew the next time a heavy rain hits. To protect your entire house, the walls and floor will need to be sealed, and depending on the condition of the structure, sealing can be costly. You will also need to make sure the slope of your yard moves water away from your home and down into the yard.

Design vs. Enjoyment

Once you decide to move ahead with your basement remodel, take the time to design the area. If you can, contact an architect and ask for suggestions. You will need to consider exit points, plumbing, and electrical wiring when you design the rooms. You should also understand the area’s traffic flow and have a plan for how you will use each room before your contractor begins the renovation.

Size vs. Price

Whether you are renovating the basement in preparation for a sale or adding the space because the building is your forever home, you are in for a surprise. Once your house remodeling project is complete, the value of your home can increase by several times the amount you’re investing in building out the space. That makes a basement remodel project a great investment in your future.

If you are thinking about moving and your home has a basement, consider a basement remodel. You may be surprised at how much extra room you have hidden beneath your home.