Homeowners are spending more time at home than ever before. Many jobs opted to continue remote work, leaving us to the confines of our homes. Why not maximize your space? Below are the three reasons you need to finish your basement to really experience all that your home has to offer.
1. Increased Home Value
Increasing the value of your home may be the driving force when making the decision to renovate. A finished basement can increase your home value by 70%. It can also attract more buyers when it’s time to list, compared to if it’s left unfinished. This is one of the great ways you can maximize living space without adding an addition. What if you’re not looking to sell? It still creates added value to how you are able to use your home.
2. Blank Slate
When finishing your basement, you are working with a clean canvas. You can decide how to best utilize the space. You have the option of leaving it one big space, adding rooms, storage space, etc., or however you decide to lay it out. Always wanted a guest bedroom? Maybe a movie and home office? Skip the gym and set one up in your newly finished basement. The sky is the limit, or rather your foundation is your limit! Make the space work for you!
3. Additional Income
If you have a walkout basement, you may also be able to finish it and use it for rental purposes. With the right layout, you can add a bedroom, full bathroom, and kitchen which can be used for a family member but can also become a long or short-term rental opportunity. This option is a bit more involved but can be a great investment.
Whether you are looking to add to your home value or add more functional spaces for your family – finishing your basement is a great project with lasting advantages! If you want to get started on finishing or renovating your basement today, reach out to us! We can handle all your building needs under one roof!
Disclaimer: You will need to check with your local town building codes on any requirements needed before deciding to finish your basement.