Basement finishing is one of the home renovation practices that most people around the country tend to ignore. People don’t know that a basement renovation can have such a positive impact on the value of their properties. If you are one of the people who hasn’t been interested in basement renovations, here are some of the ways in which basement remodeling can enhance the value of your home.
1. Enhancing Energy Efficiency
Energy efficiency is always an issue of concern in most homes around the country. When potential buyers are looking for a property to purchase, they will look for one with high energy efficiency. No one wants to spend skyrocketing figures on energy every month. Basement finishing can seal various air leaks in your home, which will enhance energy efficiency. Findings from the United States Department of Energy indicate that homeowners can reduce energy bills by more than 10% by sealing air leaks in their basements and other areas around the room.
2. Additional Bedroom
Increasing the size of the home can always have significant impacts on the value of the property. Homebuyers are on the lookout for homes with sufficient space to accommodate big families and other items. Finishing a basement can allow you to add an extra bedroom in the basement space. There are not many things that need to be added to the basement to make it a worthy bedroom. Simple installations such as windows, entry, and exit will make it a bedroom that can play a critical role in attracting prospective buyers.
3. Additional Bathroom
If you are finding it hard to use a single bathroom for multiple people, finishing your bathroom allows you to have an extra bathroom that can be used by guests and some members of your family. There is no doubt that a two-bathroom house will attract more dollars than a one-bathroom house. However, it is important to note that adding an extra bathroom requires a plumber and a tiling expert. But with professionals available, everything will be handled the way you want.
4. Great Return on Investment
There is no doubt that any home improvement in the United States has a significant impact on the value of the property. For instance, basement finishing will have significant returns on investment. In most cases, a finished basement may not qualify as a living space in most of the councils around the country. However, this will not prevent you from getting more than a 10% return on investment. So, if you are looking forward to enhancing the value of your property for future sales, basement renovation is one of the ways to go.
5. Add Storage Space in Your Home
Storage space is an important space in the house because it frees important rooms in the home to be used for other purposes. Additionally, with a storage room, you will not have to construct another storage solution outside. A finished basement can be used as an important storage space, which will eliminate the headaches of storing various goods in your home. Additionally, basement finishing for storage rooms will always have a positive impact on your home, which will help you to attract additional dollars when selling.
6. Income-Generating Opportunity
You might not be looking for an opportunity to flip your home for a large profit. However, there are other ways through which your property can bring more value. Basement finishing can provide an extra room that can be essential in ensuring that you can get extra income by renting the property to a second party. If your zoning department in your town approves the extra room, there is no doubt that basement finishing will be essential in getting some extra income.
Basement renovations, as shown above, have significant value in a property. You can make money selling or renting the property. If you are looking for a basement remodel, Bailey Remodeling is a collection of designers and builders who are highly interested in making every home conducive and increase in value.