Don’t Waste the Space: 4 Benefits of a Finished Basement

By fiderioandsons Mar 2, 2016

Is your basement dark and damp like an old horror movie? Do you just use the space for storage? A finished basement has a ton of potential and offers several benefits to the homeowner. Don’t let your space go to waste. With basement renovation services CT, you can turn an old damp room into the best area in the house.

Improved Energy Efficiency

The basement is the coolest spot in the summer and the warmest in the winter. Having a comfortable living space down there can save you a good amount of money on your energy bills. Instead of being the coolest an dampest room in the house, you’ll have a comfortable space that doesn’t cost you a fortune every month on your energy bills. Depending on location of the home and whether you’re insulating the walls or ceiling, installing the proper insulation for each project can give you a return on your investment, with energy savings and lower energy costs.

Increasing Home Value

According to the 2016 Cost Vs. Value Report,a basement remodel retains an average of 70.4% of its value, so 70% of the money spent will be paid back to you, if you were to sell your home. This is a big investment with more return than several other popular remodeling projects. The report showed that a basement remodel holds more resale value than a bathroom remodel, a major kitchen remodel and several home additions. 

Added Valuable Space

Basements provide a lot of extra space in a home. However, that space can be wasted on storage or leaving the room empty. You can create a fun place to hangout with family and friends, a huge home gym, new home office, or depending on the size, all of the above. Let your creative juices flow and turn the space into a room that you have always wanted. Not only can a finished basement increase home value but a remodeled room will definitely be a quality people look for when buying a new home. This extra room let’s you have the space in your home that can be completely separate from the rest of the house. The design and theme can be whatever you want and be a place to relax and get away for a while.

Cost-Effective Remodeling Project

Remodeling the basement is a cost-effective project because other projects that are meant to increase livable space require changing building structure and foundation. Remodeling the basement will give your home more space without having to pay for home additions. Consult with your basement remodeling contractor to see how you can save money and add valuable space to your home.

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