If you have a basement, consider yourself lucky. It is because you can do a lot with a finished basement if you ever get it finished and don’t give up on it. You really shouldn’t give up on it because there are many benefits of having a basement that is entirely finished and ready for you to turn it into any room or maybe even rent it out to someone. Here are the main benefits of having a finished basement.
Make It Into An Extra Bedroom For Someone In The Family
Once you have your basement design done for the extra bedroom, and then you hire a basement contractor to finish it for you, you can then turn it into an extra bedroom for someone in the family;y or even a guest bedroom for someone staying over for a while. Make sure to let the basement contractor know what you want. He will charge a lot for the basement finish cost but it will be worth it.
Make It Into An Extra Bathroom
Have you always wanted a nice, big extra bathroom in your home? Now is your chance to hire the best basement contractor for your basement renovation. Giving him the basement design, and giving him any extra details will help him with the room addition.
A Finished Basement Is A Great Return On Investment
A finished basement is a great return on investment. In fact, the return on investment for a finished basement is 70 to 75 percent. That is a really great deal! An example for you is that if you spend $1,000 on your finished basement, you will get a return on investment of $700. However, if you spend about $10,000, your return on investment will come out to be an extra $7,000. That is even better!
Income Property
Whether or not you are going to quickly flip the property or you are going to rent it out to someone, you will have a great income property with a finished basement. Or maybe you will rent each floor of the house out to different families and having a finished basement gives you an extra rental property.
However you do this, you will need to find the best residential contractor for the job. You don’t want any half done job done here by just anyone. You want to hire the perfect home improvement contractor for a job well done.
According to a recent survey that was done, there are about two-thirds of homeowners planning on a home renovation or a basement renovation.
Finished basements are becoming a new trend for homeowners, according to surveys done by the National Association of Home Builders.
What about upgrading your outdoor space as well? According to a 2016 study done by Houzz Landscaping and Garden Trends, those who renovate and upgrade their outdoor area will spend a lot more time out there.