An unfinished basement can be a project that adds value and purpose to a home, but is it right for every home? Perhaps the basement is just being used as storage or it just has an old feeling. Maybe it has already been finished, and it just needs a new direction and touched up. Whatever you choose, finishing a basement can be a great decision for a home.
The first decision that should be considered is the cost of the project. The basement remodeling cost is going to depend on the size and dimensions of the basement, types of rooms that are being created, materials selected, the location of the home in the country and the overall housing market. Intensive additions like kitchens and bathrooms are great, but these will still add more to the overall cost of the job. You can expect to spend roughly $50 per square foot to finish your basement, and this estimate would rise depending on the materials and intent of the remodeling.
Why should you finish your basement? The first reason is to increase the living space of the home. In many cases, this can actually be cheaper than having an addition to the home. These rooms can fulfill many different functions such as a living area, bar or even a play area for children. One of the greatest benefits of the finished basement is that it can become an area separate from the rest of the home and noises outside. It can give the illusion of being removed when you are still in the middle of everything. In the reverse, if you want your children to be as loud as they want, then the basement is a great place for a play area.
What are the cons to finishing a basement? First, the price of the project can be expensive. Having a finished basement is great, but if you have leaks in your basement then you have a potential for a bigger repair issue than the investment is worth. The basement also takes time to finish. In order to make the basement ready for finishing, then you will need to potentially move appliances such as the furnace and water heater. You will need to have the foundation checked and leveled. These are among many other things. It could be weeks before a basement is finished. Finally, the potential investment return is a potential con. You can make more money on your home’s value for less money if you look at remodeling the bathroom, kitchen, adding a room than a basement remodel. If you are looking to sell quickly, then this kind of project is not ideal for you.
If you commit to the basement finish then take some time beforehand, and figure out exactly what you want with the room. If you want a leisure area, kids playroom then it is best to know this in the early stages. Knowing the square footage of the basement will let you understand what you can do. Remember that larger basements will offer more opportunities, but understanding the space will further allow for a proper finish. You want to make sure that you set a budget. Don’t put yourself in debt over this. Wait until you can afford it. The greatest point is to be very comfortable with your contractor. Do your research and get multiple bids, and select your contractor wisely. Make sure that you and they can work together to make your ideas a reality.
Call Water Damage Zone today (877) 520-1923 your future bills may be a lot smaller, if you follow these simple tips. You can also visit our sister company for further information on restoration services at Best American Builders.
We specialize in the following services:
- 24/7 Emergency Response, Water Extraction, Water Damage
- Direct Billing to Insurance, Locally Owned and Operated
- Water Cleanup, Water Dry outs, Visual Mold Inspections, Sewage Damage Cleanup
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Water Damage Zone, Inc.
15115 Califa St. Ste. C
Van Nuys, CA 91411