What are the Benefits of Remodeling Your Basement

A large portion of the population in Colorado has a basement of some kind. Basements can be very functional spaces when finished and not so functional when unfinished. Remodeling your basement has several benefits including increasing your home value, providing a separate space for guests, having a functional space for everyday life, and increasing energy efficiency.

1. Increase Your Home Value

If you are looking to increase your home’s value, remodeling your basement is a fantastic way to do it. If you decide to remodel to increase your home value, there are a few things you will need to include in your remodeled basement: bathroom, kitchenette, fireplace or entertainment space, and at least one bedroom. 

Bathroom

Adding a full bathroom to your basement can increase your home value by nearly $40,000. Another option is to add a half-bathroom. This won’t be as costly and will still add to the overall value of your home. The added bathroom helps with home value especially if there are only two bathrooms on the main floor of your home. 

Kitchenette  

If you add a kitchenette to your basement, you’re increasing the value of your home, potentially as much as $15,000.

Fireplace or Entertainment Space

In your remodeled basement, add a fireplace, bar, or entertainment space. This can be done with just a small amount of space, and it's one of the most popular features for people who remodel their basements. The addition of a fireplace or entertainment space will make your basement feel more like an extension of the main floor rather than just an unfinished basement, skyrocketing the value of your home. 

Bedroom

Another bedroom can add up to $50,000 to your home value, depending on the size and style. An extra bedroom can also double as an office space if needed. 

To get the most out of your home when you are looking to sell, make sure your basement is completely finished before selling. 

2. A Separate Space for Guests

If your basement is unfinished and you're looking for a way to make it useful, making it a suite for guests is a great option! You can add a bathroom, kitchenette, entertainment area, and a bedroom, creating a nice private place for guests or adult children to stay when they visit.

3. More Usable Space In Your Home

Basements are an excellent place to create different spaces for various purposes. You can use them as home offices, playrooms, guest rooms, wine cellars, workout rooms or workshops—to name a few. The possibilities are endless and will make your life easier by giving you more control over how you organize your home.

Basements are also great spaces for extra storage because they tend to have lower temperatures than the rest of the house. This means that items stored there won't need much care in terms of maintaining their quality or condition.

4. Increased Efficiency and Reduced Energy Costs

If you're remodeling your basement, it's important to take advantage of the opportunity to increase the efficiency of your home and reduce energy costs. First, insulate all walls, floors, and ceilings so they are airtight. Insulation will also save you money on heating bills by keeping the heat in during the winter months and cool air in during the summer months. A dehumidifier should be installed if humidity levels are too high (moisture can cause damage and mold growth).

Install a programmable thermostat that allows you to control temperatures remotely from an app or computer. Consider installing shades or blinds on any windows; this will keep the sun from entering rooms where doors are left open. This also helps with ventilation purposes during hot weather months without having to sacrifice window space. 

5. You’ll Have a Happier, Healthier Family

You might be thinking, “What does remodeling my basement have to do with my family’s happiness?” The answer is simple: a comfortable home equals a happier family!

Basements are what you make of them. If you have an unfinished basement or one that doesn’t function as you imagined, give Oriole Home Design a call. We can make your basement dreams come true.