Deciding Whether or Not To Finish a Basement

Many people when deciding whether or not to finish their basement in their home weigh their options. Is it for entertainment, kids, or investment. We discuss a variety of opinions and industry knowledge to know how it can effect your bottom line and if it is worth the investment.

Their are many reasons to finish your basement. Their are a variety or reasons and opinions on when and why you should.

Extra Space – Tired of having the treadmill in your bedroom? Are the holiday decorations and keepsakes over the years starting to creep out of the attic or closet into your living space? A basement can definitely provide you with more room for your spacing needs. Depending on what you are working with some plan for their basement to have additional storage space for their items. Their are two options you have. Finish the storage room or leave a portion of your basement unfinished for storage.

Leaving the basement Unfinished:
Pros : Save money on remodeling and finishing cost.
Cons: Can reduce the value your basement pulls and breaks the flow.

In our opinion it is what fits you. If leaving the space can save you money and you don’t mind then it is the wisest choice from a cost stand point. Although finishing the room allows for you to have more options like custom shelving solutions and more to help with your storage needs.

Entertainment:

Need the space to throw parties or entertain family and friends. A basement allows you to have more freedom to have things like pool tables, movie rooms, custom bars/kitchens and more. This is a huge plus for your home value as well. Many people will imagine the lifestyle of a home when purchasing. Lifestyles sell.

Children:

Many parents with larger families find that having a basement is a great place for kids, teens, and young adults to spend their time. This way you are dividing your area and allowing more room for personal space within the house. This is a definite plus on the resale side because larger families will definitely be looking for this.

When picking out what you are going to do to your basement their are a couple of key things to keep in mind.

Functionality – Concentrate on functionality and the overall flow of the design. It is important for it to fit your needs but think of it from others stand point as well. If you are a single couple finishing a basement don’t just think about what you want. When reselling the home if a family of 5 is looking at your home and the design does not fit them this will stand out. In their heads they think remodeling costs!

Improvements – We recommend for all of the upgrades that your are going to splurge on remember Guestroom, Flooring, and Cabinets. These are the three most important things people look for when looking at a basement.

Price – You can get your basement remodeled in this economy for a very reasonable price if you work with the right company. Explore your options. Many companies offer in house financing as well. Try to get a company that can do it all.

Thank you for taking the time to read are article. We will be having a series of articles released that will focus on other topics regarding basement finishing and remodeling.