If you own a home, it’s likely that you’ll eventually decide it needs some work. Whether for aesthetic reasons or to improve functionality, it’s common for homeowners to make improvements to increase property value and overall satisfaction. In fact, the remodeling industry is expected to continue to grow by 2% annually through 2025.
But one place that’s often overlooked when planning a renovation is the basement. Basement renovations can add more usable square footage to your home. Home Advisor estimates that basement remodeling can bring a 70% return on investment, on average. What’s more, you can address the changing needs of your family by pursuing basement finishing. If you need a place to entertain or want your in-laws to move in, a finished basement can allow you to get more out of your home.
That said, basement renovations — like any other kind of remodeling job — require adequate planning and professional help. If you make any of the following mistakes with your remodeling project, you could end up being dissatisfied with the result or even taking away from your home’s value. Let’s take a closer look at some of these missteps so you can avoid them at all costs.
Making Equipment Inaccessible
It makes sense that you’d want to hide away unsightly equipment (like your furnace, hot water heater, or electrical box) when performing a basement renovation. These elements can be unattractive to look at, so it makes sense to conceal them if you’re concerned with aesthetics.
However, you can’t forget that these components serve very important purposes. If you do decide to make this equipment less noticeable, you’ll still need to ensure it can be easily accessed for maintenance, repairs, and emergencies. With the help of a professional contractor, you can make certain that your design addresses both your visual and practical concerns.
Closing Off the Space
In today’s market, open concept design is preferable. Even if the main floors of your home aren’t designed with that in mind, your basement still should be. That’s because trying to section off your basement into small rooms will typically make it appear a lot smaller.
If you’re creating an in-law suite (complete with a bathroom) or have a need for some kind of privacy, it’s okay to have part of the space closed off. However, you’ll want to keep your basement as spacious as possible so that it won’t feel cluttered. Since you won’t have much natural light coming in from windows, you’ll want plenty of open space so that light can reflect and that no one feels cramped.
Failing to Waterproof
Although you might not want to think about the possibility of flooding, it’s important to prepare for the worst. Basements are prone to dampness and water damage, by nature. Before undergoing any kind of renovation in this area of your home, you’ll want to conduct a thorough check for hidden damage and potential issues.
You’ll also want to work with your contractor to ensure your basement is designed to prevent emergencies like flooding. Waterproofing and sump pump installation is essential. It may also be necessary to get a dehumidifier and to use moisture-resistant building materials. Your contractor will be an excellent resource here, as they can make recommendations that will keep your basement dry.
Basement renovations can allow you to enjoy your home even more or act as a selling point when listing your house on the market. Working with a professional renovation company will allow you to avoid these aforementioned mishaps while creating a beautiful and functional space. For more information, please contact us today.