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Many homeowners with unfinished basements wonder whether finishing them would be the best use of the space. A finished basement can offer many advantages, including more space for recreation and relaxation as well as a tidy boost to property value.
It’s important to weigh the pros and cons carefully before committing to a remodeling project for your basement.
A finished basement could be a fine upgrade to your home. If you have kids that need more room to play or want to add more entertaining space to your home, a finished basement could be the way to go. Some of the biggest advantages of finishing your basement include:
Increased Living Space. Finished basements make great places for multimedia rooms. You could turn your finished basement into a second living room, an entertainment room with a big screen TV, a game room, or a recreation room complete with a pool table!
A Special Spot for Privacy and Leisure. A finished basement can become an oasis of relaxation in a chaotic home. If you have busy kids who have their own spaces in your home, a finished basement could become the place for you and your spouse to enjoy your free time in peace and quiet.
Boosted Property Value. Finished basements are attractive to potential home buyers. If you plan to sell your home and move in the future, finishing your basement could increase your reasonable asking price by several thousand dollars or more, depending on how extensively you plan to renovate it.
While these benefits might encourage any homeowner to strongly consider finishing a basement, there are some drawbacks to this kind of remodeling project.
When it comes to finishing a basement, there are really only two main drawbacks:
Expense. Finishing a basement can be a costly upgrade, depending on your home’s location and structure. Depending on the size of the basement and the level of quality of the desired upgrades, finishing a basement can cost anywhere from $20 to $50 per square foot. You will also need to purchase additional furnishings for the finished basement, depending on how you intend to use it.
More Space to Keep Clean. A finished basement tends to require more extensive cleaning than an unfinished basement. For many, this is a good problem to have, but it is a consideration.
Finishing a basement is a major step for any homeowner. If you decide this upgrade is right for you and your home, it’s essential to work with a trustworthy and experienced contractor who can complete the work in line with your vision and within your budget.
Premier Builders has extensive experience helping homeowners design their finished basements using a wide variety of materials. Contact us today to learn more about how we can help with your basement finishing project.