Are you feeling cramped in your home? A basement remodel could be what you need.
After the coronavirus pandemic, many homeowners realized they needed more livable space. A dark and ignored basement can be transformed into a space that benefits your family.
Investing in your basement can add comfort to your home and make you money. Here are a few reasons you should consider a basement remodel for your home.
Add extra living space
A playroom for the kids. A guest suite for visiting family and friends. A theater for Saturday night movies. These ideas are possible with a basement remodel.
As your family or lifestyle changes, so does the need for space. Remodeling can change your home from feeling cramped to comfortable. Whether it’s a playroom for the kids or a separate lounge area for the adults, having more space gives you more options.
Protects your home
According to Water Damage Defense, 98% of basements in the U.S. will suffer some type of water damage during their lifetime. A basement remodel will help you get ahead of this damage which could result in more costly repairs.
It can also add more energy efficiency to your home. By using LED lights, adding insulation in the walls and sealing holes and gaps, you can save money every month on your utility bills.
Rent your space
Your extra space can also make you extra dollars. Consider making your basement into an apartment that you can rent out to tenants, on Airbnb or VRBO. You can also rent out your basement on Peerspace as an office, studio or party space.
Update the basement bathroom with a new vanity, mirror and floor tile. Add a fresh coat of paint to the walls and buy appealing furniture for the space. Be sure to take great photos to appeal to potential customers or renters.
Not only are you adding a source of income, but also a great space you can enjoy between tenants and visitors.
Increase home value
Homebuyers seek out homes with finished basements and are willing to pay more for them. Also, if most of the homes in your area have finished basements, it will be important to have one for competitive resale value.
According to Zillow, you see about a 70% return on investment for basement remodels. The 30% is made up in comfort or by renting out the space. Decide how you want your space to function so you can get the most for your investment.
If you’re ready to start your basement remodel, contact Aaron’s Painting and Remodeling for a free estimate to start the process.