Add value to your home with a finished basement. Basement finishing is a common way for homeowners to expand their living space and add new home features. These additions can pay off in the long run by increasing your home’s property value along with expanding your livable space. The finished basement added value comes in several forms and may vary depending on what you choose to include in your basement finishing project.
To get the most value from a finished basement per square foot, you need to plan ahead and make intelligent decisions when choosing how to use the available space. The following are some ideas for how to increase your home value by finishing a basement.
When you’re ready to start your basement finishing project in Utah, contact Aspire Construction. We offer basement finishing and remodeling construction services in cities throughout Utah.
Basement Finishing Ideas That Can Add Value to Your Home
Some basement additions may add more monetary value than others. However, whether you are adding a bathroom, expanding the laundry room, or adding an extra room the value can be realized immediately by improving your quality of life, giving you extra space and more utilities, adding a modern aesthetic to your home, and increasing your home’s equity value.
Expand Your Livable Space
Finishing your basement adds value to your home by increasing the square footage of livable space. Basement living space generally holds about 70 percent of the value of an above-ground area of the same size.
Your new basement living space will likely be smaller than the main level. This is due to the fact that basement rooms must accommodate all the utility lines, insulation, and foundation reinforcements. Nevertheless, every new square foot of living space will add value to your home.
Add a Bedroom
One main factor contributing to the home’s value is the number of bedrooms. Homes with more bedrooms tend to have higher valuations. Creating additional bedrooms in the basement can turn your three-bedroom home into a five-bedroom home. And, of course, bedrooms count as living space, so you’ll also be expanding your square footage.
Along with the monetary value, a bedroom in the basement gives you the opportunity to host guests, give a family member their own space, or even rent it out for a little extra cash.
Add a Bathroom
Adding a bathroom while finishing your basement will also add value to your home. In addition to making your home’s real estate listing more appealing, your basement bathroom will be convenient when you’re living, playing, and working in your newly finished basement.
Add a Kitchen
A second kitchen can help you when cooking meals for large gatherings or prepping for outdoor cooking. It can also be a convenient place to keep snacks and drinks. Go with a full-sized basement kitchen, or keep it simple with a small bar and sink. Any additional kitchen area in the basement will add convenience to your life, make your home more appealing when the selling time comes, and add to your home’s value.
Create an Apartment to Rent Out
Get creative when thinking about how to add value to your home. Double up on the gain by creating an entire apartment in your finished basement. You’ll get the finished basement added value, plus you can rent out the apartment and net some monthly income. That’s the value upon value.
Add a Recreational Room
The basement is perfect for unique rooms like a game room, home gym, home theater, or man cave. These types of rooms expand living space and tend to be versatile. They are also what makes one home stand out from the next.
Don’t put off your hobbies and fun any longer. Give yourself the space you need to relax and unwind in your finished basement. You’ll feel better, have more fun, and improve the value of your home.
Add Utility Room or Workspace
Put the final touches on your finished basement with a designated laundry room, home office, or studio. Basements are also perfect for utility rooms, storage, and cold storage for all the unsightly cords, trinkets, and items we want to keep and preserve. Get the space to concentrate and get your work done in a new basement room that’s already paying for itself.
Get Help With Your Basement Finishing Project
Finishing your basement is a great way to improve your home’s value while also giving you and your family the space you need to get the most out of your lives. Any combinations of the above ideas are great ways to add value to your home as part of a basement finishing project. However, transforming those ideas into reality takes the help of skilled basement finishing contractors. That’s where we come in.
Aspire Construction has decades of experience in Utah basement finishing. Whether you need to build an unfinished basement or a current basement remodeling in Utah, Aspire Construction can do the job. Our basement remodeling contractors know how to build your basement to withstand Utah’s harsh weather so you can enjoy your space year after year while it retains its value.