Additional living space Think of what you could do with an extra level’s worth of space. For some homeowners, a finished basement means being able to add a bedroom and/or bathroom. No longer will guests be crammed into the living room when staying the night. On the other hand, perhaps your kids are older and it would make sense for them to have a place of their own. Then there’s the possibility of turning your basement into a rental unit. If your kids are fully grown and out of the house, why not have this space bring in monthly income? Just know that you’ll have to put in a bedroom, bathroom, and some sort of kitchenette area before taking in a tenant. Entertainment area You might dread having to go down to your basement right now. Between the lack of decent lighting and insulation, it’s no wonder you do everything possible to keep family and friends out of this space. It doesn’t have to be this way forever! Once you finish your basement, you can finally do what you’ve always dreamt of doing with this area, whether that’s designing a game room or creating a home theater (imagine planning your own Super Bowl party). What used to be the space you always avoided in your home will quickly become the go-to spot for memorable time with loved ones. Increased comfort How would you describe your basement at the moment? Cold and damp? If so, it’s an ideal environment for mold and pests. This is yet another reason to move forward with a basement renovation. Once your contractor installs insulation, you will have a basement that regulates temperatures. As a result, you can say goodbye to bitterly cold temperatures and excess moisture in this part of your home. Flexibility Maybe you’ve lived in your current home for a number of years and you’re starting to grow a bit tired of the floor plan. By finishing your basement, you’ll have the flexibility to change things up however you’d like. This can be especially beneficial for those who have older homes. Solid return on investment Many homeowners wonder if basement remodels are worth the investment. Sure, it would be nice to add another bedroom or bathroom, but does it make sense to pour time and money into such a project? In short, the answer is yes. According to The Balance Small Business, finishing a basement will provide a return of 70 to 75% of your investment. Let’s say you’re planning to sell your home in the not-too-distant future. Even in a favorable market, it’s important to only take on projects that will help you get the most bang for your buck. There’s no question that prospective buyers will be attracted to homes with a finished basement. We are number one in maple grove basement finishing!
Here are some frequently asked questions about finishing a basement: How much does it cost to finish a basement? The cost of finishing a basement will depend on the size of the space, the materials used, and the extent of the work being done. What are the benefits of finishing a basement? Finishing a basement can provide additional living or storage space, increase the value of your home, and improve the overall functionality of the space. Do I need a permit to finish my basement? It is usually necessary to obtain a building permit before finishing a basement. Check with your local building department for specific requirements in your area. How do I insulate a basement? There are several options for insulating a basement, including using spray foam insulation, fiberglass batt insulation, or rigid foam board insulation. How do I waterproof a basement? Waterproofing a basement may involve installing a waterproofing membrane on the foundation walls, installing a sump pump, or both. How do I choose the best flooring for a basement? The best flooring for a basement will depend on the intended use of the space and your personal preferences. Options include concrete, tile, carpet, and laminate flooring. How do I finish the walls and ceiling in a basement? Finishing the walls and ceiling in a basement may involve installing drywall or paneling, adding insulation, and applying a finish such as paint or wallpaper. How do I ventilate a basement? Proper ventilation in a basement is important to prevent moisture buildup and maintain good indoor air quality. Options include using exhaust fans, opening windows, or installing mechanical ventilation systems.