Whether you want extra cash to pay the bills or you simply have more space than you need, renting out your basement is a decision worth pursuing. However, if you want to rent your basement for a good price, you will want to make sure that it’s a basement worth renting.
You can’t just install a few panels of drywall and call it a day. If it’s not already fully finished, you might want to consider working with a basement remodeling company. They can help you to turn the space into an area that people will be excited to rent out.
There are a number of things that go into creating a rent-worthy space. Not only does it need to be fully functional, but it also needs to be comfortable. There are a variety of things you can add or touch up to make your basement a great place for future tenants. Here are some of the top ways you can create a basement worth renting:
1. Add Any Needed Spaces
If you’re going to rent out your basement, it should work as a fully functional apartment space. This means that you might need to add some areas that aren’t already included. While a bedroom is to be expected, you will also need a bathroom and kitchen to ensure comfortable living. Installing a basement wet bar and kitchenette is a great way to create a kitchen space with limited room. You’re more likely to be able to rent the space if it has everything someone would need to live in it without having to encroach on your area of the home. Talk to your basement remodeling company to get a better idea of what features are necessary in a small apartment.
2. Consider a Fireplace
A fireplace in a basement might not be the first thing you think of when you start planning renovations. However, it’s a great selling point for potential tenants. Adding a fireplace can increase the value of the apartment space and even allow you to charge a little more for rent if you want to. It can make a living room seem more luxurious and more cozy at the same time. This feature is vital in a space that might get chillier than the rest of your home.
3. Keep It Updated
Another good tip is to update your space. If you own a fully furnished basement apartment, but it’s still cluttered with 90s wood paneling and shag rugs, some serious changes need to be made. After all, a modern apartment that is clean and well functioning will be easier to rent out. With a modern basement wet bar it will be even more appealing. Don’t be afraid to go for a look that will wow potential tenants. Basements tend to rent for 50% to 70% of the monthly mortgage payment if they are zoned for multiple tenants, so it will be well worth the investment over time.
When renovating your basement for potential renters, it helps to ask yourself what you would like in a living space. What kinds of things would really make you want to say yes to signing that lease? Would a basement wet bar or fireplace seal the deal? Maybe all new carpets and paint would speak to you? Whatever you choose to do, just be sure that each renovation is a true improvement and that the space includes everything your tenants will need. Ensure you get the best guidance by contacting ElkStone today.
Homes in America have doubled in size since the 1950s, nearing almost 2,500 square feet on average. Perhaps you want to join those numbers and increase the usable square footage of your home. One great way to do so is through basement remodeling. It gives you the chance to add a new room or rooms to your home without actually expanding on the outward size. You could turn the space into just about anything, but here are some suggestions on how to make your basement truly jaw-dropping.
1. Add a Wet Bar
One great way to transform your basement into a fun and exciting place is the help of a wet bar. You can add a built-in wine cooler, add some colorful bar stools, and create a space for you and your friends or family to relax. Having your very own bar in your basement is great for social gatherings, holidays, and just enjoying a night in with your significant other. It’s also a fun way to surprise company.
2. Consider a Fireplace
Adding a fireplace to your basement can add some serious class to the space. You could have a sitting area built with all of your favorite furniture and a nice fireplace to sit by. This is a great choice if you want a cozy space to relax and read a book, or to sit and chat with company. You can even roast some marshmallows and watch a movie for a fun family night.
3. Create a Family Room
Perhaps you’re big on spending quality time with your family. You could create a basement family room that is dedicated to that purpose. You could add a movie area, a space to play board games and even a small kitchen for preparing snacks. Whatever it is that your family loves to do, you can keep it in mind when you’re planning your basement remodel.
4. Install a Sauna
Another great basement remodeling option is to add a sauna. You can create a spa space in your own home so that you always have a safe and nearby place to relax. Imagine being able to have a mini spa treatment in your own basement.
5. Include a Reading Nook
If you love to read or have kids that enjoy it, you could consider adding a reading nook to your remodeling plans. You could have a cozy space built in that is designed to support soothing hanging lights and includes bookshelves in the walls. Leave some room for cushions or a small air mattress to get cozy on, and you’re all set.
Remodeling your basement can be a ton of fun. There are endless possibilities and it simply depends on what you want to use the space for. You could even turn it into an art studio or a wood shop. The best thing to do is have a good time with it and work to create a space that you know you will use and love.
At ElkStone, we are very particular with the trades that we partner with. We strive to partner with companies that share a similar attention to detail at every aspect of the job. Today, I’d like to introduce you to another one of our Preferred ElkStone Designers. While our estimators do a great job of helping you keep the flow of your home, adding a designer into the process can up the level of that flow.
INTRODUCING ELKSTONE PREFERRED DESIGNER:
What kind of degree did you earn?
I studied to be an occupational therapist, but my true passion has always been decorating. After I stopped working as an occupational therapist and my children went to school full-time, I decided to pursue being an interior decorator and became certified in design and decorating.
What is your signature style?
Overall, I’d say my style is transitional, which is a mix of modern and traditional. I do gravitate towards mid-century modern pieces as the bones of a given space, and then I like to add layers of texture through the use of natural woods (such as baskets), and different textiles (like throw pillows and blankets). For depth and interest, I enjoy mixing woods and metals so the space doesn’t look too “match-y,” and throw in a couple sculptural objects. For warmth and to bring natural color to a space, I always inject some sort of greenery, whether a group of succulents, a tall floor tree, or a vase of colorful, floral stems.
Where do you find inspiration, and do you stay up to date with current trends?
I’m always on the lookout for new ideas, whether at the mall, researching the latest styles through magazines and social media, or watching HGTV. A couple of my favorite interior designers at the moment are Studio McGee and Erin Gates. I love the bright, clean aesthetics of Studio McGee’s designs, and admire Erin Gates’s elegant mixing of traditional and modern and patterns and prints, as well as her ingenious use of color.
What is your feeling on trendy design?
I realize trends come and go. The key is knowing which trends will stick and become classics!
Ultimately, my goal is to create a space that will please the client for years to come and accommodate their changing needs. For instance, open shelving in kitchens has become a popular trend in recent years, as it helps a room feel more airy while providing storage for everyday essentials. However, they have the potential to make a space look too busy and even unattractive, if there is an overabundance of items crowding the shelves or if one is not accustomed to styling open shelving. My job, then, would be to honor my client’s aesthetic desires while choosing pieces that are likely to remain stylish over time.
Why should one hire an interior decorator?
Hiring an interior decorator is a smart move for those who have invested a good bit of money in their home, and want to be able to showcase it at its best. I can help clients personalize their home décor by tackling decorating, furnishing, and spacing issues. My aim is help people create a beautiful space that will prove equally functional for their family’s lifestyle. A good decorator will accomplish this while remaining true to both the client’s personality and budget. As an added incentive, I can save my customers money on furnishings and decorative accessories with my designer’s discount. Depending on the scope of the project, you may be able to get some or all of the interior decorator’s services for free due to the money saved utilizing my discount!
How do you, as a decorator, help people identify and communicate their unique style to you?
Thank goodness for Pinterest! Whether clients are honed in on exactly what they want stylistically, or they have a difficult time figuring out or expressing their preferences, I ask them to browse through Pinterest and create an idea board by pinning pictures of rooms and furniture that appeal to them. This allows me to see what they are drawn to, and helps them communicate their style to me, as a designer. It will also be a source for inspiration for me when designing the space.
How does the design process flow?
The design process will vary depending on the type of service my client chooses. For instance, the E-Design package is ideal for those who want assistance picking out furnishings, but are confident styling the room themselves with limited guidance once their selections arrive. In addition to providing a layout of furniture placement, I will customize two different design boards, complete with suggested furniture and decorative accessories. Another package I offer is the Hands-On package which is designed for those who want more hands-on decorating assistance. In addition to services offered in the E-Design package, I can make trips to stores and the client’s home, at which time I will repurpose their existing furnishings and decorative accessories, and incorporate the new. I will pull the room together with the finishing touches, making sure the space is arranged to suit my client.
How much time does an average basement project take once the construction is finished?
Again, this will depend on the scope of the project and the type of service one chooses. I have some clients who have no idea where to begin to re-decorate their home, and some who have an idea, but need help tying pieces together. Then there are some who simply lack the time to decorate their dream home. Another determining factor is how quickly a client makes decisions. Overall, though, most projects are completed within 4-8 weeks.
How do you manage the project budget?
The mission of my company is to blend high-end investment pieces with budget-friendly items to create an aesthetically pleasing space. As a decorator, it is imperative that I know the overall budget for the project, because this will serve as my compass while searching for ideal furnishings. If a client has their heart set on a high-end item, we may be able to find ways to save in other areas, in order to facilitate the purchase.
What is your communication style?
I try to accommodate my client’s communication preferences, whether that be via phone, text, email, or face-to-face. In order for the project to run smoothly and for the client to enjoy their new space as soon as possible, maintaining good communication is vital. To achieve this, I always respond within 24 hours of receiving questions, and in return, I ask the client to get back to me in a timely manner with feedback.
How do you document and share your work?
I am in the midst of getting my website up and running. In the meantime, you can find me on Instagram at hilodecorjulie and on Facebook at HiLo Decor. Prospective clients can view some of my completed projects through these social media.
CONNECT WITH JULIE MAYO ON SOCIAL MEDIA
At ElkStone, we are very particular with the trades that we partner with. We strive to partner with companies that share a similar attention to detail at every aspect of the job. Today, I’d like to introduce you to one of our Preferred ElkStone Designers. While our estimators do a great job of helping you keep the flow of your home, adding a designer into the process can up the level of that flow.
INTRODUCING ELKSTONE PREFERRED DESIGNER:
What Kind of Degree Did you Earn?
A Bachelor of Fine Arts in Interior Design from The University of North Texas
What is your Signature Style?
Mostly Transitional; which is a blend of modern and traditional forms. If there is a common thread among every room I create it is, at least one antique, a special art piece, a plant to add warmth and a look of being curated with time.
HGTV defines Transitional style: a marriage of traditional and contemporary furniture, finishes, materials and fabrics equating to a classic, timeless design. Furniture lines are simple yet sophisticated, featuring either straight lines or rounded profiles.
How do you help me discover and communicate my style to you?
Asking good questions helps but I’ve also found the best way to “visually communicate” a style preference is to ask my clients to spend time scanning their favorite magazines and online websites and saving looks that speak to them in some way. I always tell my clients, likes are immediate, so usually if something makes you go hmmmm…it’s worth sharing. When they share these tear-outs, pins, etc. I’m able to ask deeper questions to really pinpoint a design direction.
Do you provide examples of work that are similar in style, scope & Budget to the
Home Owners Projects?
If a homeowner asks, I am always happy to share portfolio images from a past project and detail similarities, but truly, every project is unique and client specific. No two projects are exactly alike so therefore while a budget may be very similar, the project typically unfolds in a very different way based on the Client’s personal style, tastes and involvement.
How do you document and Share your work?
My free time is limited but when I have the time to do so, I enjoy sharing a recent project image and description on facebook. My up-to-date portfolio sits on my website and is easily shared online with prospective clients.
How do you manage the project budget?
I use google sheets which stores and shares information easily and in the 24/7 accessible cloud. My clients are always surprised with how this aspect of the projects seems so simple. When I hear this, I feel I am doing my job well! The design process should be simplified and fun for the client.
How much time does an average basement project take once the construction is finished?
We usually come onto a project while it is still under construction to help make the important finish decision and often consult on the interior architecture at this point too. The average is under 2 months.
Where do you find Inspiration?
I am inspired first and foremost through nature. I find the blue-greens of the ocean mixed with the neutral tones of sand the most soothing color palette in a home. When I travel I find fresh perspective too, especially in architecture.
How do you stay up to date with current trends, technology and codes?
I keep a library of books on hand in my office with I can easily research in when needed. New technology is something I’m always learning…it comes often times as I’m sourcing for, say, a plumbing fixture, I’ll learn about the new self-cleaning toilets on the market now and save the thought for the next client short on time to clean house! And I like to keep current on design trends such as color, pattern by watching fashion. Interior trends typically follow fashion trends, but do tend to be around a bit longer, thank goodness. 😊
What is your communication style?
I use a lot of email. But then there are the times when a face to face conversation is the only thing that will do. I feel it’s the most productive as we can understand clearer and often communicate more effectively in person. Emoticons only express so much.
What does a successful project mean to you?
One that the client is proud of. If I hear they can’t wait to open the door to their new home or office each day as they walk back in, that brings me so much joy! And since details are so very important, I like to hear how the Client discovers new things they didn’t see at first when the project is complete. For example, how a mirror places just right reflects the sun into their room in the afternoon.
What is your feeling on trendy design features?
Trends are fun but should be considered as a short-term investment, and thus I caution on using too many as they will date the project. I encourage incorporating any trends in smaller ways, less costly ways such as through a pillow pattern or paint color. I lean toward creating interiors that will not be dated in five years’ time, so I tend to use colors & classic patterns that have longevity.
What does it look like to work with an ElkStone designer?
Fun, Of Course! As I mentioned before, the design process can be overwhelming, but when you have the right team, it should seem simple and fun. The right team can take the dilemma of too many decisions to make and turn it around to effective solutions that are budget-minded and beautiful.
How does the design process flow?
After an initial consultation at the job site, I create a Project Program to define the scope and get us on the same page for budget. The design process is fairly creative from there with some research, a little more development then one or two very fun design presentations with the client, always face to face, if possible. We may make a revision or three or some add-ons, but once the proposed design and any revisions are approved, ordered and wait time is over, the magic unfolds as we begin installing and the Client sees all the ideas come to life!
We welcome you to check out more of Kate’s portfolio at Noble Design Group or Facebook and if this is a service you are interested in incorporating into your basement finish space, please let your estimator know at your complimentary consultation.
This Stunning Sedalia Basement Finish checks off all of the boxes for a dream finished basement space!
- Media Center
- Fully Loaded Wet Bar
- Wine Area
- Spa Quality Bathroom
- Bedroom with Private Retreat
- Finished Storage/WorkShop Area
- Custom Barn Doors
- Stone Accent Walls through out
What a gorgeous value add these homeowners gave their home in this Stunning Sedalia Basement Finish!
Are you looking to upsize your home? Do you need more square footage or an extra bedroom? Or perhaps you would like to increase the equity in your home? Save the hassle of moving & Give us a call today for a free no obligation quote!
When ElkStone Finished this Thornton Basement, not only did it increase the value of this home, but it added much needed space this family will be able to use for many years to come. The attention to detail and the contrast between the woods and stone make this a stand out finish for our ElkStone Team. Here are some of the not to miss features:
OPERABLE BOOK SHELF
WALK IN WINE STORAGE
FEATURE TV WALL
BUILT IN BEER KEG SPIGOTS
(and chalkboard to label what is on tap!)
Check out the Gallery Below to see the rest of this outstanding basement.
If you have an unfinished basement space, ElkStone’s team of Designer | Estimators can make your dreams into reality. Give us a call today to set up a free estimate.
When you partner with ElkStone to finish your basement, small details matter! Unfinished basement spaces contain necessary items that are integral in the guts of a smooth running home.
- Sump Pump
- Water Valves
- Electrical Panels
- Water Heaters
- Low Voltage Lighting
- Duct Work
- Heating and Air Conditioning Components
And this is just a general list of items you might want to hide when finishing your basement.
In this recently finished basement, we used several clever build-outs to hide areas that require the home owner to access them every once in a while.
The Sump Pump Cover:
Access Panels to the main water valves:
These homeowners were methodical on utilizing each space to the best of it’s ability. Working thru a list of “must haves” our ElkStone Estimator was able to include many great storage solutions into the final design of the finished basement space. Everything from the shelves to house scrapbooks in the family room, to shelf space carved out in the bathroom for all of those extra towels & a laundry hamper, each space was maximized. Even the unfinished storage room has realized its full potential.
Our homeowners are thrilled with the outcome of their basement finish:
Our family (which includes two teenagers) wanted a little more elbow room in our home. We looked into moving, but decided that finishing our basement was the best option. We have lived in our home for 10 years and our basement was overflowing with “stuff”. We decided to get an estimate from ElkStone after hearing great reviews and seeing some of their finished work firsthand. ElkStone designer Glenn Morgan came by on September 21 for the initial visit and we had a completed basement by December 19! We spent some long hours in the month of October getting the basement emptied, but the reward has been worth it. The design process with Glenn was very smooth. He was always so calm even when I was anxious and doubting. And he was always right! Every piece fell into place just as he said. Steve Brogan, ElkStone’s Project Manager, was very professional and patient. I had lots of questions and wanted to be involved along the way. He was accommodating and I very much appreciated his time. He went above and beyond to give us exactly what we wanted in our finished basement. The 6 week timeline worked out perfectly. We celebrated Christmas with 13 family members from out of town in our newly finished basement. We are so very proud of our new space. Thank you ElkStone, especially Glenn and Steve!
If you have a list of must haves and aren’t sure how to realize the potential of your space, give ElkStone a call today!
When the Mayo Family was ready to finish their 1400 square foot of basement, they called ElkStone. These are the items that made the Must Have List:
- Wet Bar to Entertain
- Spacious Movie Room for the whole family
- A Fitness Room (used when absolutely necessary….I mean, we have the best gym outside our homes!)
- Extra Bedroom to double as a music room (no brainer when your kid plays drums every. single. day 😖)
- Full Bath
We wanted to give a huge shout out to ElkStone Basement Finishing! And how long did it take to finish a 1400 sf basement you ask?! Only 6 weeks!!! When they said their basements are completed in 5-6 weeks it sounded too good to be true, but they delivered! They have a solid staff and their contractors are trustworthy. We even went out of town for an entire week and our project manager came over every day to make sure the contractors were there and always locked up when they left. It was the smoothest and most stress-free basement finishing experience ever. Thank you so much ElkStone!
Our Thanks to the Mayo Family for allowing us to share their wonderful photos. Welcome to the ElkStone Family! We hope that you create many memories in your finished basement space!
Happy New Year 2017! Here are some fun facts from our 2016:
Part of ElkStone’s Core Beliefs and Values read:
Take care of our customers so they can always refer us. Stay Genuine, sincere, and remain humble.
It was one week from the final walk of a Castle Rock basement we were finishing, when the homeowner ended up having a life saving surgery that left him in a wheel chair. Without hesitation, the project manager on the project, jumped in and started formulating a plan to help this family in the best way the ElkStone family knows how. Build for them.
We worked with ElkStone on our basement during the summer of 2016. Joe, Justin, Randy, and the ElkStone family did a tremendous job on our basement. We couldn’t be happier with the construction process, timeframe, and results.
At the end of Summer 2016, I had spinal surgery to remove several ependymoma tumors that were growing in my spinal cord. The tumor removal is a very difficult surgery, and unfortunately left me paralyzed from the chest down, needing a wheelchair to get around. Lisa told Justin what had happened, and without pause, ElkStone volunteered to help. He was going to have ElkStone build us a wheelchair ramp for our house, all on a volunteer basis!
Within the next week, the ElkStone crew was at our house, building the ramp. Because of ElkStone’s generosity, I am now able to get in and out of our house on my own – giving me freedom I didn’t have before. We are truly blessed to have our relationship with ElkStone. ElkStone is a company that truly cares about both their customers and the quality of their work. We feel like we are part of one big family!
Bob and Lisa Delaney
As we say goodbye to 2016 and Hello to 2017 we are blessed to work with each and every one of our clients. Each project gives us an opportunity for learning and growth! Thank you to all of our past, present and future ElkStone Clients!