An in-law suite is a private space in your home where parents and in-laws can live independently while still living with the rest of the family in the home. Many in-law suites are custom-built home additions that are attached to or located on the same lot as the house, but some in-law suites are made using converted basements.
In-law suites are a great way to add space for the family without investing in another house. In fact, basement finishing costs approximately 80% less than buying a larger home and has an ROI of up to 77.6%.
However, before you get started planning on incorporating a new in-law suite into your home, there are a few important things to consider:
- Know your local building codes. Before you start planning on where to put your in-law suite, it’s a good idea to do some research on the local building codes in your area. For instance, if you want to make a home addition, you’re often limited to including a small bathroom, kitchen, sitting area, and bedroom. A full kitchen or an entirely separate unit from the rest of the house will require certain permits. In some areas, local zoning rules might even prohibit you from building a separate unit entirely. If you’re considering basement finishing for your in-law suite, your contractors will be able to give you more insight into local zoning laws.
- Separate your utilities. If you plan on renting out your in-law suite at some point down the line before your in-laws or parents move into your home, it’s a good idea to separate your in-law suite’s utilities from the main house. This will let you split the bills between you and your tenant or you and your parents. You can also switch off the utilities if the space goes unoccupied for a long period of time.
- Know your in-law’s needs. During the remodeling project, it’s a good idea to know what needs to be incorporated into the renovation to make your in-law suite comfortable for your parents or in-laws. For instance, your parents are most likely going to be aging in place with you and may need wheelchair accessibility or grab bars in the space.
Ready to get started with your basement finishing? We’ve got you covered. ElkStone Homes is a professional basement remodeling company with the experience you need to turn your basement into the in-law suite of you’ve been looking for. To learn more about our basement renovations and how our basement finishing works, contact ElkStone Homes today.
Basement remodeling can turn an unused basement space into a business prospect. If you’ve been thinking of transforming your basement into a potential rental unit to supplement your income, you’re not alone. American homeowners spent nearly $14 billion on home improvements in just 2017, and many of those home improvement projects involved basement remodeling.
Of course, before you decide to rent out your basement space, you’ll first need to look into the legal issues within your state and county to ensure that you can rent out your basement in the first place. Any potential problems with health and safety such as mold or radon will need to be addressed first.
That being said, if you’re given the go-ahead to transform your basement into a living space for a potential tenant, there are a few key choices you’ll want to make. Here’s what you need to turn your basement into a rental.
Inspect plumbing and wiring
Turning your basement into a rental unit isn’t the same as finishing your basement. You need to make sure that you add plumbing and wiring to your basement to ensure your future tenant has running water and working electrical.
Check your existing systems to see if you need to make any upgrades or expansions. If you do need to fix or add to your plumbing and wiring, you’ll need a permit to do the work before you get going on it.
Know what you plan to include
You know that you need to include a kitchen and bathroom in your basement remodel to really make it a rental unit. But it’s a good idea to consider what other features you plan to include in your unit. For instance, if you want to give your future tenant their own washer and dryer, it’s in your best interest to ensure there’s a hookup before they move in.
Call in the professionals
It can be tricky to transform a basement into a rental unit on your own. That’s where professional basement remodelers come in. With a basement remodeling service on your side, you don’t need to sweat over the intricacies of your project. You can feel confident knowing that your renovation is getting done right.
Interested in basement remodeling? ElkStone Homes has the basement remodeling services you need whether you’re interested in turning your basement into a rental unit, wet bar, or basement family room. To learn more about our Denver basement renovations, contact ElkStone Homes today.
When you decide to renovate your basement, there are plenty of ideas out there you can use to transform your space. For those who thrive on entertaining, a basement wet bar is a great choice.
A wet bar is a small bar that’s used for mixing and serving drinks. Unlike a normal bar, also called a dry bar, a wet bar has a sink with running water. Think of it as a mix between a galley kitchen and a bar.
That being said, when you’re creating your basement wet bar, it’s essential to include a few common elements to really make your bar stand out. Here are a few elements you can include in your basement wet bar to really make it great.
The home remodeling market is currently worth $450 billion, and open shelving is a major trend in kitchen renovations right now. For wet bars, in particular, open shelving provides easy access to spirits and really adds to the traditional bar aesthetic. Installing open shelving in your wet bar keeps you from having to mess with awkward doors and face frames to find the right ingredients for your drinks.
Symmetry with your home
Some homeowners choose to switch up the style of their basement during their basement remodeling. But if you’re going for a blended-style aesthetic that transfers the style of your home from upstairs to downstairs, consider keeping your wet bar in tandem with the rest of your home’s interior design.
You might choose to have similar countertops in your wet bar and upstairs kitchen or similar cabinetry. Symmetry helps make your basement wet bar really feel like a part of your home rather than a separate space.
Most wet bars have a refrigerator of some kind incorporated into their overall design. This helps to keep certain wines nice and cool for when guests arrive. When considering which kind of refrigerator to incorporate, make sure to choose one that fits the size and style of the space. Paneled and stainless refrigerators are both common favorites for wet bars. Depending on how much space you have in your basement wet bar, it might also help to have an ice maker.
Looking for a basement remodeling company to make your basement wet bar the ultimate space in your home? ElkStone Homes has the experienced basement finishing services you need. To learn more about our basement remodeling services, contact ElkStone Homes today.
Long gone are the traditional, spooky basements where only water heaters or washer-dryer units took up residence. Finished basements are a great way to add value to your home while also creating a fun, versatile space.
But it can be challenging to determine just what to do with your basement. From home offices to basement family rooms, there are plenty of options to choose from. To help you get a better idea of what you can do during your own basement renovations, here are some of the most popular basement design trends of 2020.
- Bringing the gym home. With the wellness industry still going strong, it’s no wonder that home gyms are one of 2020’s biggest basement renovation trends. Gym memberships can be expensive and time-consuming, especially when there’s no local gym nearby. Getting your workout in outside isn’t always possible, either, depending on the weather. Home gyms not only add value to your home but they’re also a big investment that saves you time and money in the long run.
- Making it an extension of your home. In the past, finished basements were still in the experimental stages of renovation. In 2020, homeowners feel more confident in their design choices. A growing number of homeowners are choosing to make their basement an extension of their upstairs living area complete with fireplaces, similar wall colors, and similar style. This helps the basement feel like just another room in the house and makes for a great family room.
- Taking the party up a notch. Basement wet bars have been steadily making their way into the spotlight. In 2020, basement breweries are becoming a bigger hit. By setting up a bar area in your renovated basement with proper lighting and seating, you don’t need to worry about waking up the kids upstairs when it’s game night.
- Keeping it open concept. Open concept is here to stay when it comes to home renovations, and the same is true for basement renovations. A barrier-free space allows you and your guests to pass freely from one area in your basement to another. The standard American home is nearly 2,500 square feet. Open concept basement designs, in particular, take advantage of the large amount of space while creating a sense of unity.
Ready to get started with your own basement renovations? ElkStone Homes is a basement remodeling company that can transform your bare-bones basement into the basement of your dreams. For more information on basement renovations and design ideas, contact ElkStone Homes today.
Basement family rooms are certainly not a new idea. Creating a great space in the basement has been in vogue since the 1960s when Americans discovered that a basement was more than a cellar. Making better use of your basement starts with a little basement renovation.
If you are not using your basement to its fullest extent you are missing out on a great deal of space in your home. You are also missing out on a great ROI. A basement family room, Colorado Springs homeowners have found, can give you an ROI of about 75%.
If you need a little more elbow room in your home, you do not have to start looking for a new place, all you have to do is make better use of the space that is already available. Basement remodeling can easily transform all that unused space into a great space to gather.
You can keep your basement remodel as simple or as extravagant as you want. There is no limit to the changes that can be made in your basement when you have an experienced basement remodeling company on your side.
You can choose to simply have the walls and ceilings finished with some new flooring or you can take things up a notch or two by adding:
- Basement wet bar
- Bathroom and more
The beauty of a basement renovation is that you are starting with a blank canvas that can be designed to fit your family’s needs to a tee. You can work side by side with a basement remodeling expert for your basement finishing. They have the experience to create basement family rooms that becomes a family’s oasis.
Don’t Waste Your Space
If your basement is sitting unfinished you are missing out on a lot of useful space that your family could be enjoying. A basement family room can be the ideal to expand your living space in your current home and add value to your property.
Don’t overlook your basement’s potential. With a little work and the right basement remodeling company, you can have results that exceed your expectations. Learn more about how you can make your basement the livable space you need in your home to accommodate your family.