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May 23, 2014

Perhaps your living room has become the kids’ playroom or your dining room table is now dueling as a  home office space. You are frustrated. You feel like your house is bursting at the seams and you want that space back. With the latest real estate downturn, homeowners may be reluctant to add on and instead are looking at ways to maximize their existing footprint. It’s no surprise then that homeowners who need to create more living space are turning to basement remodels. In addition to creating much-needed space, there are many benefits to finishing your basement.

Key benefits include:

1)    Cost-effective

Year after year Remodeling Magazine’s Cost vs. Value Report consistently cites finished basements as one of the most cost-effective remodeling projects. Remodeling your basement can create a usable room without the cost associated with a full addition. It essentially offers the best price per square foot of any remodeling project.

2)    Flexibility to customize

Basements represent large spaces that can be partitioned off for different uses.

Whether you want a play room, exercise space, video game hideaway, another bedroom or in-law unit, or even additional storage, your large open space basement is a blank slate. There is so much potential, all without using any of the square footage of your upper floors.

One happy Raven Homes customer is a testament to all that is possible in your basement. They took their large open space and created a  a spacious family room. Included in the room were  a desk unit for their daughter to do her homework, an exquisite bar area with loads of cabinetry, a full bathroom and loads of closet storage space.

3)    You can reclaim main floor living space

Your living room which became the play room for your young children or that corner in your bedroom that now houses your treadmill can now be used for what it was intended.

4)    Add value to your home

Finishing your basement will not only create functional space, but it turns unused or underutilized space into an asset. It will also add dollars to the sale price when it’s time to sell. Even though a finished basement may not be included in the official square footage of your home, potential buyers will perceive the basement space as additional living space. As a result, they may be willing to pay more than they would, for example, if the home did not have that exercise or video game room.

5)    Health and Safety

Many basements can often be damp and prone to water problems, mold and mildew. When you finish your basement, you have the opportunity to eliminate these problems that are unfortunately all too common. This has the potential for improving your family’s health as well as creating better conditions in your home.

 

If you are feeling cramped or in need of a renovation, think about the impact that a finished basement can have on your lifestyle as well as the potential investment return. Raven Homes has finished many basements for its clients. It’s the type of project that can be done fairly quickly and efficiently without much disruption to your daily living. If you are interested in reclaiming some of your main floor living space or would like to economically add to your living space, contact Raven Homes today.