There are a number of reasons a you may seek to finish your basement. A finished basement can increase the living space in your home at a fraction of the cost of constructing a new addition, all the while increasing the value of your home. Basement finishing and remodeling allows homeowners to utilize the existing floor, walls, and ceiling structures. Other added benefits include:
Apart from finishing your basement being an affordable way to increase your homes living space, it can also be a great way to earn some extra income and in todays housing market who wouldn’t want that. Using your basement for a home based office can offer tax write offs and converting your basement into a secondary suite can be a great source of revenue to offset your mortgage.
If you are planning a basement renovation, you should inspect your basement for possible problems. Some things to look for include:
If the answer to any of these questions is “yes,” you should include the costs of fixing these problems in your budget.