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How A Finished Basement Adds Value To Your Home

Everyone knows that a kitchen or bathroom remodel will increase the value of your home, but did you know that a finished basement can do the same? In 2022, the National Association of Realtors (NAR) and the National Association of the Remodeling Industry (NARI) conducted their Remodeling Impact Report. The study concluded that converting a basement to a living area was among the top-four interior remodeling projects that yielded a return on investment (ROI). 

While this report estimated that you could expect to recover about 86% of your investment when you sell your house, a 70% ROI is more likely the average for a finished basement. This number will vary depending on what features and functionality your finished basement includes. For example, a basement with a full bathroom, kitchenette and a bedroom will yield a higher ROI than a basement that has a craft room, workout space or office. 

ways to make your basement functional

In addition to increasing your home’s value, here are some of the top reasons homeowners are finishing their basement:

  • INCREASED SQUARE FOOTAGE – Increase your home’s square footage without increasing the size of your home. Using your basement’s existing footprint is less expensive than expanding out or up.
  • ATTRACTIVE RESALE FEATURE – The added living space may also attract more interested home buyers than if your basement is unfinished.
  • IMPROVE ENERGY EFFICIENCY – Proper insulation and Drywall help reduce your home’s energy consumption by keeping your home at a more consistent temperature.
  • MAKE IT AN IN-LAW SUITE – As many choose to age in place, this a great way to keep your loved ones close enough to care for while still offering them the comfort and privacy of their own space. Complete the suite with a bedroom, full bathroom, living room and kitchenette.
  • DESIGNATED ENTERTAINMENT AREA – A home theater in your basement is perfect for entertaining your children and their friends, or even hosting sporting events for you and your adult friends. Bring it to the next level by adding a wet bar with a beverage fridge and pizza maker!  

With our Design First approach, you can be assured that we’ll design a space that not only looks good, but functions for whatever your needs may be.  Call us today!