Remodeling a basement is a daunting task that may leave you wondering whether the money and effort are worth the investment. A basement renovation can add significant value to your home if done correctly. Below are some reasons why Chicago’s top-rated remodeling contractors think a finished basement is a great way to achieve additional functional spaces.
Increased Square Footage
One of the benefits of a basement remodel is increasing the livable square footage of your home. The continuation of additional living space adds real estate appeal. A finished basement expands a home’s potential and offers more space for you and your family to enjoy.
Lucrative Value
Revamping an empty basement into a functional living space can appreciate your home’s long-term value. The minimum return on investment is 70% of the equity of a basement renovation, and those percentages can increase based on the number of updated finishes. A refinished basement is a sure way to capitalize on your home.
Functionality
Transforming a basement creates a whole new function for space. Hobbies can be nurtured with their designated place for creativity, and character can flourish where there otherwise might be none. Elevate a dull space by imbuing your home with functionality.
Additions might include:
- Bedroom
- Living room
- Laundry room
- Playroom
- Game room
- Home theater
- Lightroom
- Bar
- Home office
- Gallery
- In-law suite
- Greenhouse (assuming there is adequate lighting)
Concealing Exposed Home Works
An overlooked aspect of remodeling a basement is the protection that it can give to internal parts of the home. Additionally, sheetrock and insulation can cover and protect exposed piping, electrical fixtures, and plumbing that might otherwise remain exposed. Sealing home components ensures the longevity of their purpose, saving you money in the long run.
Safety
When considering a basement remodel, safety is the top priority. Proper exit strategies are required by zoning measures, offering an additional means of protecting you and your loved ones in the case of an emergency. If you live in an area that experiences things like tornadoes often, a basement can act as a shelter in moments of crisis.
Low-cost Materials
Due to the humid nature of below-ground basements, low-cost materials usually prove to be more effective in guaranteeing the lifespan of a remodeled project. Organic materials are harder to keep composure in the presence of excess moisture and will decay faster than more builder-grade options. Using cost-effective materials can offset the expenses of construction.
Getting Started
Remodeling a basement is an effective way to customize and add value to your home. While it can initially seem costly and time-consuming, the result is worth the merit of specialized space.
Learn more about home office remodels with Icon Building Group of Chicago. Visit our website to chat with one of our live representatives to see how we can upgrade your home. Our services offer quality, design, and function for your basement renovation!