MORE LOCATIONSInterior designers discuss the top benefits of a finished basement
A finished basement sounds like an attractive investment that can not only benefit you in the short term but also in the long term when you sell your house. Basements are usually the most overlooked and under-cared-for part of a house. If properly maintained and finished, a basement can benefit you in a lot of ways. Read on below to know the 5 incredible benefits of a finished basement.
A Finished Basement Increases Market Value Of The House
- Houses with finished basements cost more than houses without. This is a well-known fact and can be verified by speaking with any realtor. A finished basement means that it has been treated for seepage, foundation repair, and humidity issues. This translates as a house that has been properly maintained and renovated.
Research indicates that houses with properly finished basements sell for at least 30% higher price. Even though finishing a basement is going to cost money, homeowners can expect to have up to 70% back as a return on investment. Houses with a basement finished as a living space are going to attract a lot of buyers.
A Finished Basement Helps Generate Rent Income
- A finished basement can be converted into a living space by adding a bathroom and a kitchenette. This living space can be rented out, especially if it has a separate entrance. This will help homeowners generate rent income on their property.
Generally, homeowners can expect to see college students looking for a place to rent that falls within their budget. A basement, especially with its own separate entrance is very attractive in terms of price and privacy.
A Finished Basement Creates Extra Storage Space
A properly finished basement can serve as a safe storage space. It can store furniture without worrying about it being damaged by moisture. It can store boxes containing personal belongings, camping equipment, BBQ grills, skis, and a lot of other stuff that would otherwise take up a lot of space elsewhere.
Most homeowners utilize their garage and attic for storage purposes, but using a basement is considered to be much more convenient as it is easily accessible.
Finished Basements Have Endless Utility Possibilities
- A finished basement can be used to serve a variety of purposes. It can serve as a leisure room, a game room, a movie room, a laundry room, a living space, or even as a guest room. It all depends on how well the basement has been finished.
Most homeowners want to add an extra room in their homes and spend thousands of dollars by paying construction crews and contractors. They overlook the fact that their house’s basement can also serve the purpose of an extra room, and it can add a lot of value to their house.
A Finished Basement Reduces HVAC Costs
- It is imperative to fix and repair the basement for water seepage and excess moisture before starting any finishing project. In addition to this, most homeowners will install ceilings and thermally insulated wall panels to better insulate their basements. All of these basement waterproofing measures combined are going to help the HVAC run more efficiently.
Since the basement has undergone major repairs and renovation, it is now going to prevent thermal losses. This is going to help the HVAC system by allowing it to operate less aggressively and in turn, use less power. This means the monthly HVAC operating costs are going to decline.
If your house has a basement that you are considering getting finished then call Crack-X at 877-727-2259. We are a civil structures repair company operating in Maine and New Hampshire. We make sure your basement and foundations are waterproofed and in optimum condition before you start your finishing project. Our specialists will inspect your property and give you the best solution and advice regarding basement finishing.