Remodeling a basement can be a challenging undertaking. In many cases, homeowners avoid investing their time and energy into their basement because it is clutter-filled, dark, and chilly.
The basement does not have to remain this way forever. Remodeling the basement and finishing it to the highest quality will integrate with the rest of the home and become a valuable and beautiful asset to the house.
Choosing how to finish the large surfaces of a basement remodel is the first step. The second step should be seeking assistance from a remodeling company to estimate work or cost.
You’ll feel inspired to take on this big but worthwhile project when you see the basement remodels completed by these homeowners.
Why Perform a Basement Renovation?
It is a known fact that finishing a basement will increase the value of your home and add more usable space. You can create playrooms and entertainment spaces, fitness areas, home offices, rental properties, laundry rooms, and garages in the basement. As a result, basement finishing is a huge selling point for potential buyers and owners alike.
When to Remodel a basement
Basements are a matter of degree when it comes to the question of “when.” You must be able to invest time and money if the reason for remodeling is only about space.
Mold does, however, sometimes infest basements. In these cases, you must give immediate attention to these issues. When such circumstances arise, it is a matter of health and safety whether a remodel takes place or at least a partial remodel.
What Can You Make Out of A Basement?
Here are some basement design options.
- Theatrical basement
- Game room
- Guest room
- Basement lounge
- Lower terrace
- Laundry room in the basement
- Basement Bathroom
What To Keep in Mind?
There are specific steps that must be kept in mind while doing basement remodeling. It is recommended to seek help from a remodeling company to avoid any mishaps in future
- Keep an eye out for moisture
- Make a plan of action
- Prep the space
- Electrical & Plumbing
- Install Insulation
- Repaint
- The flooring
- Install Fixtures
- Bring it all together
- Perform Final Inspections
Budgeting Tips for Basement Renovations
Basement renovation costs are directly related to the amount of time you plan to spend in the basement. Some estimates place the average cost of starting a basement renovation between $6,500 and $18,500. However, if you want to improve or replace existing features, you should budget between $10,000 and $30,000. You can save money by considering the following factors:
- It is essential to have a clear understanding of the scope of the work from the outset of the project and not deviate from it.
- If you have been living in your home for more than five years, you shouldn’t spend more than 12% of your home’s value on basement improvements.
- Open spaces are cheaper than individual rooms unless you need a private space or want to control noise.
- Floor and wall coverings typically cost the most during a renovation, followed by plumbing and electricity.
- If you renovate your basement, stay away from organic products; they are costly, and mold can grow on them, resulting in more costs.
- It is not necessary to have marble countertops and stainless steel appliances in a gorgeous basement!