A finished basement offers a multitude of opportunities, making it a popular home improvement project. If you’re considering a space upgrade, here are four of the biggest potential benefits of tackling basement renovation as your next home repair project.
1. Additional Room: There are many ways you to utilize a finished basement. From a home office to a gym or additional bedroom, the possibilities are endless. Remember that the functionality and utility of a renovated basement is often only limited by your imagination.
2. Increased Home Value: A finished basement adds tremendous value to your home. In the United States, basement finishing can provide an average return of 70 percent on your investment. For example, if you spent $1,000 on modifications, it would increase the value of your residence by approximately $700. Of course, there are other factors that will affect the value, such as the real estate market in your locale.
3. Improved Energy Efficiency: Finishing your basement can also make your home more energy-efficient in the long run. Since an unfinished basement with little to no insulation allows treated air to escape, adding layers of insulation and drywall to your basement will make the indoor temperature more consistent. This not only increases the overall comfort of your living space but also cuts down on energy costs.
4. Income Property: Whether you are attempting to flip an investment property or keep it as a multifamily space, finishing your basement allows you to add a rental unit. Of course, you would have to get approval from the zoning department in your town first and conform to local fire code.
Northside Construction Services, Inc. specializes in basement and bathroom remodeling solutions. With industry-leading workmanship and personable customer service, our skilled team will transform your dream home into a reality. Call us at (404) 301-5485 or fill out our convenient online form to request a free estimate. We work with residents in Evans, Augusta, GA and nearby communities.