What adds the most value when finishing a basement?
You’re here because of the intrigue in transforming your basement space into something amazing, right?
Whether you’re planning to finish your basement for resale value or extra living space, the return on investment (ROI) is key.
You might be wondering, what exactly adds the most value when finishing a basement? Let’s look at a few key things that will make your space more valuable.
- Add extra living space.
Adding extra living space is a sensible proposition when finishing your basement. The more functional space you can add, the more value you’ll create. This could include an extra bedroom, bathroom, home office, playroom, or family room.
Extra living space becomes a necessity for a growing family. It means having a place for everyone to spread out and enjoy their own space. It also allows you to keep the main living areas of your home quieter and more relaxed.
- Incorporate high-end finishes.
When adding value, quality matters, be sure to use high-end materials and finishes in your basement space. Remember that the term “high-end” doesn’t necessarily mean luxurious. Instead, focus on materials built to last, like solid wood floors or stone countertops. This will make it more appealing and valuable to potential buyers.
- Make it energy efficient.
Energy efficiency is a huge selling point in today’s market. Adding features like energy-efficient windows and insulation will make your basement more attractive to buyers and increase its value. Nothing beats the concept of turning your basement into an energy-saving space when it comes to practicality.
- Add natural light.
Consider adding artificial lighting to brighten things up if your basement lacks natural light. It’ll make your living space more inviting and pleasant to be in. Additionally, it will make it appear larger and more open. Adding extra light fixtures is a simple way to add value to your basement space.
- Pay attention to the details.
Even the most unassuming things matter when adding value to your space. Focus on the minute details, like ensuring the trim work is clean and the paint colours are complementary. These small details and touches will go a long way in making your basement more valuable. Likewise, be sure to avoid any obvious flaws or defects, as these will only detract from the value of your space.
- Add extra storage.
Storage is always a selling point. When finishing your basement, be sure to add plenty of storage space. This could include built-in cabinets, shelves, or even a closet. The more storage you can add, the more value you’ll create. Remember that you can never “overdo” it when it comes to storage.
Like all other home improvement projects, finishing a basement is a big undertaking. But if you do it right, the rewards can be great. By following these tips, you’ll be well on adding value to your home.
