What Fireplace Is Right for Your Basement?

What Fireplace Is Right for Your Basement?

Fireplaces are an ideal centerpiece if you want to add a comfy style to your basement. They can anchor the design of a basement as well as outdoor spaces, and provide a welcoming area that can be used for socializing and relaxing. There are many factors you should consider when choosing a fireplace for your basement. If you are not sure what fireplace is right for you, here are a few details you should keep in mind.

Size

There are many types of fireplaces, but not all of them will be able to heat your basement properly. If your home has a large basement with several walls, you may need a larger fireplace to heat it effectively. A smaller basement provides you with fewer location options, but you can spend less to heat the area. If you intend to install a wood-burning fireplace, you should keep in mind that its size will determine the amount of installation construction required. Take measurements and be precise!

Fuel

Fuel is another important thing you should consider when choosing the right fireplace for your basement. If your basement has limited space, it’s wise to consider installing a gas fireplace rather than a wood-burning one, since gas fireplaces are more hands-off and easier to control. You should also consider the ventilation in your basement. If it is well-ventilated, a wood-burning fireplace may be an ideal choice. However, if the room is not well-ventilated, a gas fireplace would be wise to consider.

Insulation

Choosing the right insulation material will depend on a few different elements. If you choose to install a gas fireplace, purchase an insulation material that can withstand high temperatures. An electric fireplace will require the usage of an insulation material that is heat-resistant but not fire-resistant. If you reside in a region where there is high humidity, getting an insulation material that doesn’t absorb moisture is the ideal choice.

Mantels

Fireplace mantels are an important design of a fireplace. They are available in a variety of materials such as metal, stone, and wood. To choose a suitable mantel material for your fireplace, you need to consider durability, cost, and aesthetics. If you want a more durable mantel material, materials such as brick or stone will do the trick. For a more stylish mantel for your fireplace, consider purchasing wood or marble. Ultimately, the best material for your fireplace mantel will be one that meets your personal preferences and fits your budget.

A new fireplace can completely transform your basement. According to MarketWatch, over fifty percent of houses are over forty years old. If you’re tired of your drab old basement, a fireplace can be the perfect addition! If you are looking to browse several types of fireplaces, give us a call today. We will ensure you find the design perfect for your basement.

Your Basement Has The Potential to be a Wonderful Living Space

Your Basement Has The Potential to be a Wonderful Living Space

According to a report by Pew Research Center, a fifth of Americans live in multigenerational homes. This figure keeps increasing in large part due to the inflated costs of assisted living. One thing that multigenerational homes need more of is space, and one cost-effective way to unlock more space is through a basement renovation. Here are some tips to keep in mind when transforming your basement into a wonderful living space.

Waterproof and Insulate Your Basement

Most basements are prone to flooding because they are the lowest level of your home. To avoid this, it’s important to waterproof your basement. The process typically involves plugging holes, filling cracks, sealing openings, and applying a waterproof coating. If you are already dealing with a moisture problem, it’s crucial to fix the issue to prevent mold growth. It’s also a good idea to insulate exposed pipes since basements tend to be colder than other areas of your home.

Choose Lighting and Flooring Carefully

The type of lighting and flooring you choose can make or break your basement renovation. When it comes to flooring, you need a practical choice that won’t be affected by moisture problems. For instance, laminate flooring is an excellent choice. It’s also important to invest in more lighting to make up for the lack of natural lighting. This will help you create a warmer and more inviting space.

Efficient Storage Frees Up Space For a Comfortable Living Area

If you’re finishing your basement with the aim of creating a comfortable living space, it’s important to ensure that the space is well-equipped to meet your needs. You can start by leaving room for storage. You may need at least a few shelves and cabinets to store various items. You can also leave room for food and drink storage. If you are using the basement as a living space, you will most likely entertain guests here from time to time. It’s handy to have a small storage space for food and drinks instead of trekking back and forth to the kitchen.

Whether you’re living in a multigenerational home or not, chances are you could appreciate having more space in your home. These tips will help you finish your basement the right way, eliminating the need for an expensive home addition. One of the best tips to ensure a quality basement renovation is to consult with professionals, so don’t hesitate to get in touch with us today!

Turn Your Basement Into a Rental Space

Turn Your Basement Into a Rental Space

Renting a room in your house is now more appealing than ever before. It is simple to make an additional income by renting out your basement, and most homeowners get their money back within a year of investing. If the property is approved for multi-tenant use, homeowners can rent out basements for 50% to 75% of the monthly mortgage expense. Basement remodeling is a great way to expand your space and save money. Basement remodels, in general, make use of space that homeowners can rent out to generate extra income or help homeowners pay down their mortgages.

Basement Remodeling

Making a basement a rental area has the added benefit of generating revenue for the owner. It attracts more people and saves money for the owners if the basement is in good condition. According to the size of the basement and the number of bedrooms, a homeowner might charge a different sum for renting out the space. A little additional money can go a long way toward helping homeowners reduce their debt, keep up with their monthly mortgage payments, and save for the future. Renting out a basement might speed up paying off a mortgage. Homeowners who are building a house and plan to install a legal suite in the basement may be able to get a larger mortgage because of the additional revenue they will generate from renting out the basement.

The Value

When homeowners rent out their basements and keep them in good shape, the value of the apartment increases dramatically, allowing the owner to profit from having a finished unit when it comes time to sell the flat. A prospective buyer’s interest is still drawn to a finished basement because it provides more space for family gatherings or hosting a variety of events, so increasing the home’s resale value.

Basement remodel help reduces taxable income if certain conditions are met. Basement remodels and renting out are good options for people who wish to keep their homes safe while away. The house will appear lived in if the owner and tenant have a good relationship and the tenants can perform small tasks like cleaning the compound. Having renters in the basement saves the homeowner money on transportation and other expenses, making it a low-cost method of becoming a landlord.

There are numerous advantages to a basement remodel. As a result of the higher income, homeowners can pay off their mortgages more quickly, create equity, and start a property investment portfolio by using the equity in their home as a down payment on additional rental properties. Basement remodeling is an excellent way for homeowners to prepare for the future. For more information to get started with finishing your basement, contact us today.

Create The Ultimate Sports Cave in Your Basement

Create The Ultimate Sports Cave in Your Basement

Since the 1950s, the average American residence has nearly doubled in size, reaching about 2,500 square feet! This has made it so much easier than ever to create a sports man cave. You need to have a few things ready before you can even begin to fantasize about all of the cool items you will place in your “man cave” and how you will spend wonderful nights there, either interacting with other people or simply chilling by yourself. Choosing the right site is the first step. If you have picked the basement as the location for your sports room, ensure that it is habitable.

Work to Be Done

Check for faults such as leaking pipes, floor damage, and dampness. Minor repairs, such as repairing cracks, are often inexpensive, but they can cost as much as $500. However, if drains, gutters, and pipes must be installed, the price might increase to as much as $10,000. The first step of turning a basement into a sports man cave is cleaning the space with soapy water and ensuring no insects are present in the area, as abandoned basements are frequently inhabited by insects. You may need to contact a fumigation firm to eliminate bugs.

Ensure that the basement has enough utility connections, especially for electricity. Although it will almost surely contain at least one light, it may lack enough light fixtures and electrical outlets to convert it into a sports room. If your basement lacks sufficient electrical outlets, you should be able to have them built for a few hundred dollars. Naturally, the price will rise if you also require the installation of light fittings.

Be aware that basements are often gloomy, and you will need to take necessary measures to illuminate the space. This begins with utilizing white paint and bright furnishings to reflect light. You will likely also need to install more lighting, and it’s a good idea to utilize daylight bulbs in the primary fixtures. You may also need to add climate control, even if it only entails installing fans for the summer and electric heaters for winter.

If you properly prepare a basement and ensure that it is well-lit and airy, it may be a perfect site for a sports man cave due to the plenty of room and seclusion. Call your local contractors to have your basement turned into a sports room.

The Importance of Having a Design for Finishing Your Basement With

The Importance of Having a Design for Finishing Your Basement With

Basements can be generally deployed as secondary storage rooms when not designed for ergonomics, but when planned for space, they can be much more effective as an aesthetic storage space used for multiple utilities. It is essential to understand that a low-level remodel via methodical design can transform a basement into a bonus home theater or playroom. On that note, let’s understand why meticulous design planning is a must for a basement’s finishing job and how it can turn an underutilized space into an alluring escape.

Planning a Layout

Drawing a design layout ensures that the basement’s socializing area radiates aesthetic appeal with the best natural light. Moreover, it will prompt you to have bedrooms adjacent to windows on the perimeter and the TV area in a relatively darker spot for a cozy home-theater-like ambiance.

A well-designed layout also makes sure to leave ample moving space around mechanicals. Make sure a full-grown adult can regularly fit around mechanicals for maintenance and upkeep.

Structural Details

Headroom is one of the more critical aspects of a basement setup, especially when it falls beneath the ground. Since many structural codes stipulate a clearance of 7 to 7½ feet, it sometimes becomes necessary to dig out and lower the concrete floor. Start with a proper design blueprint with dimensional values to avoid pricey restructuring that might also bring up issues with the ducts and pipes.

Some of the vital installations essential to maintain the basement’s integral structure are diverters to send gutter water away from the foundation. Moreover, frame your design to accommodate the insulation of pipes before boxing them in. When they are exposed, slip foam insulation sleeves prevent heat loss and condensation.

Factoring in Leisure

It is no secret that game tables require a considerable amount of floor area and vertical space. A standard pool table (3½ feet by 7 feet) will generally take up at least 11½ feet in width by 14½ feet in length for comfortable movement. It is always good to plan for design efficiency and install one only when its future usage is worth the hassle.

Design requirements often include an all-purpose worktable rather than a game table, with the former accommodating more people for puzzles and board games while also taking up less space. Similarly, if you are planning to incorporate an AV-VR setup, having space on the design blueprint for it is a wise decision to leave sufficient clearances around and above the console. Before finishing up the basement, integrating soundproof curtains that fold for better spacial efficiency is also a good idea.

In Conclusion

Expanding your home’s functional space in the form of a basement can add immense value to the property’s market price. Factoring in the costs and the necessary pre-preparation, a well-thought design ensures both safety and aesthetics in the long run.

For basement finishing projects, reach out to Elkstone Basements and get your dream basement that fits your budget. Call (303) 656-9006, email info@elkstone.com, or fill out our online form for a free estimate for your Colorado basement project today!

Why You Should Add a Wet Bar to Your Basement

Why You Should Add a Wet Bar to Your Basement

Basement remodeling is at the forefront of many homeowners’ minds as summer rolls in, and for good reason. According to The Balance, a basement refinish has an ROI of about 70%. For instance, for every $1,000 you invest in your basement refinish, you can expect about $700 back. This is good news if you’re considering refinishing your basement. While you’re refinishing your basement, you should consider adding upscale wet bars for the following reasons.

It Leaves You With More Room in Your Kitchen

It’s common to hear about how the kitchen is the heart of the home, where people can cook, relax, and entertain. However, sometimes the kitchen gets too crowded, so it’s always handy to have another area where you can prepare food and drinks. Wet bars are different from dry bars because they come with a sink, so you can prepare snacks and drinks, leaving the kitchen free for other major tasks.

They are Great for Entertaining

Basement wet bars are one of the best things to have if your lifestyle involves a lot of entertaining. Even when you’re not entertaining, you can still relax in your home and prepare your best cocktails in the comfort of your own home. On the day that you have guests over, it’s easy to prepare food and drinks while keeping your guests entertained instead of being stuck in the kitchen most of the time. When adding a wet bar to your basement, you can easily create a classy ambiance that suits your guests when entertaining. Life can be so much more fun when you have a dedicated entertaining space.

Easy Clean-Up

As mentioned, wet bars have sinks and are primarily designed as a space where you can prepare and serve alcoholic drinks. If you’re entertaining and you have guests that ask you to keep the drinks coming, you shouldn’t have any problems with running out of glasses. Your wet bar comes with a sink where you can easily keep up with washing and reusing. You don’t have to keep trekking back and forth to the kitchen to get your glasses cleaned up. In addition, having a wet bar means you can easily keep the space neat and tidy.

Adding a wet bar to a basement is a great way to get the most out of your remodel. Clearly, wet bars ensure that your kitchen is not too cramped when you’re entertaining guests. In addition, you can serve cold drinks efficiently with a sink close by for convenient clean-up. Please contact us to know more about how we can help increase the ROI of your basement remodeling project by adding a new wet bar.

Tools You Need for A Basement Remodel

Tools You Need for A Basement Remodel

basement remodeling

There are many ways to increase your home’s square footage and enjoy more space. One of the best ways to do so is to finish your basement. According to remodeling experts, finishing your basement is 80% cheaper than buying a larger home. But, before you start your basement remodeling project, make sure you have the following tools on hand.

Tool Box Tools

When remodeling your basement, it goes without saying that you have to have a standard toolbox on hand. The standard toolbox comes with various tools that are valuable when finishing your basement. For instance, you have a crowbar that you can use as leverage to lift and move heavy items or pull out wrongly-placed nails. Your toolbox should also have items like a regular hammer, sledgehammer, and tape measure. Ensuring your toolbox is well-equipped ensures that you don’t have to keep running back to the store when you discover that you don’t have something you need.

Wall Framing Tools

Finishing your basement can also involve tools for framing walls. One such tool is a chalk line, in which you need to mark the floor and rafters so you know where to place your bottom plate and top plate, respectively. Other tools for framing walls include a plumb bob, a framing nailer, and a level. A plumb bob acts as a vertical reference line or plumb line, a framing nailer is used on your framing lumber, while a level helps you ensure that something is level when it needs to be.

Other Essential Tools

There are many other tools you may need to use during your basement remodeling project. For instance, you might need a power saw for cutting through the tough stuff and a drill with various functions, such as driving screws and drilling holes. Depending on whether your basement remodeling project is minor or major, you may also need a wire stripper and a line tester which are useful when wiring a basement. The good news is most of these tools aren’t difficult to use, and you can always find the information and help you need to use these tools correctly.

With these tools, you should be able to transform your basement into a man cave, an extra bedroom, or whatever basement remodeling idea suits your lifestyle. Contact us today to discover how you can make the most of your basement remodeling project with the help of professionals.

Here Is Why You Should Choose a General Contractor over a Handyman for a Basement Job

Here Is Why You Should Choose a General Contractor over a Handyman for a Basement Job

If you are looking to spruce up your basement, choosing between a handyman and a general contractor can be a natural predicament. While both are professionals and perform repairs and renovations, they specialize in different tasks and should be capitalized upon accordingly.

From licensing requirements to job expertise, there are many factors that may dictate this choice. Let’s look at the two and understand why general contractors may be the best choice for a basement job.

Differences Between a General Contractor and a Handyman

Although the distinction is blurred depending on different states, it mostly revolves around the type and scope of work.

Handymen possess an assorted skill set that is suitable for a wide range of minor home improvement tasks and simple repairs.

In contrast, general contractors are known to oversee and manage large-scale projects. They usually boast multiple years of qualified experience in a specialized field. They deal with specialized machinery and tools and handle tasks requiring licensing (rewiring or plumbing installations).

To present a fair picture based on the degree of intervention required, a handyman may be more suited to patch up a clogged sink, whereas a general contractor would deal with replacing the sink or remodeling the kitchen altogether.

Why General Contractors are a Better Choice

Since finishing up the basement requires uncompromising precision and expertise, hiring a general contractor to facilitate plumbing overhauls requiring special licensing is best.

GCs overlook the execution of the entire process efficiently by bringing in licensed specialists such as plumbers, electricians, and/or carpentry experts. Moreover, general contractors are in tune with the ever-changing real estate laws, building codes, and regulations, avoiding the chance of an unpermitted finished product.

Also, setting up the basement involves considerable planning, which falls out of the scope of work of a handyman. Requirements like flooring replacement and refinishing, remodeling, tiling, and so on can be best managed by a general contractor.

When to Hire a Handyman

Broadly stated, if the scope of work falls below the $500 mark, hiring a GC could result in unnecessary overruns on the bill. Fixing water drips, installing tricky appliances, sinks or light attachments,, minor electrical repairs, and so on are chores that a handyman can handle.

Tasks like paint touch-ups and installing shelves are trivial fixes not requiring special licensing and, therefore, fit right down the alley of a handyman.

It is advised to check your state’s laws for a more precise demarcation of what a handyman can legally do.

Conclusion

Basements make for a critical part of the house. Meticulous planning ensures efficient usage of the space and streamlined ergonomics.

Therefore, hiring a general contractor who can oversee the hassle of on-ground implementation with specialized professionals makes sense.

Also, it is advisable to check the legality of operations regardless of whether you hire a handyman or general contractor. Look into the licensing rules, contact the contractors’ board investigator, and conduct further research to avoid violations, penalties, or cease and desist warnings.

 

Head over to Elkstone Basements for a free, no-obligation estimate for your Colorado basement finishing project. Submit a form on the website or call at 303-656-9006 for a free estimate today!

What You Need to Know Before Adding a Basement Fireplace

What You Need to Know Before Adding a Basement Fireplace

If you are considering renovating your basement, a fireplace might be a great way to decrease your energy costs and add something cozy to your home. Finishing your basement is a great investment for your home and according to Homeadvisor, even gives you an ROI of about 80%. Basements are often lacking in light, and a fireplace is perfect for adding light and heat to make the basement more inviting. Before you start to build the fireplace, however, there are a few things that you have to take into consideration to choose the right one for your basement.

Safety

Before you choose basement fireplaces, understand what precautions are needed first. No matter what type of fireplace you choose, you will have to have the right type of ventilation system to remove smoke and carbon dioxide and deposit it outside. You will want a direct vent to prevent it from pulling the air from inside your home. Prefabricated fireplaces are a good option to maintain the quality of air for your basement renovation space. Additionally, a gas log alternative fireplace might be a great easy option, without losing the aesthetics that you crave. If you do go with the traditional wood-burning option, make sure that you use the flue properly and that you take the time to have the chimney cleaned and maintained.

Types of Fireplaces

The different types of fireplaces are the same for the basement as it is in other rooms of your home. However, the pros and cons of a basement fireplace type can differ. For example, wood-burning fireplaces are the favorite for many homes but can be worrisome in a basement due to the possibility of it bringing in cold air, making the house smell like smoke, or even starting fires. Electric fireplaces, although sometimes not as elegant, can be both beautiful and simple for a basement. Gas fireplaces are a great option for homes with an existing gas line. However, installing a gas line afterward can be very expensive. The choice of type of fireplace is dependent on the needs, style, and capabilities of your basement and home.

Basement fireplaces are a sure way to add the finishing touches to your basement renovation. There are a few things you should consider when choosing the best fireplace for a basement, and safety is the top priority. For more information on basement renovations and fireplaces, contact us today.

Should I Hire a Contractor or a Handyman to Finish My Basement?

Should I Hire a Contractor or a Handyman to Finish My Basement?

It is impossible to ignore the benefits a finished basement offers to homeowners. If done right, your basement can become one of your favorite parts of the house. The question is still up in the air, though: who can do it better—a general contractor or a handyman?

Selecting one of these professionals to take on the basement job depends on a lot of factors.

However, the scales tip in the favor of general contractors, as these professionals are licensed and offer a broader scope of services and do them more professionally because of their experience in the field. Let’s understand in a little more detail why hiring a general contractor is the smarter choice to redo your basement.

Difference Between General Contractors and Handymen

The major difference between a handyman and a general contractor is that the latter is a licensed professional and can professionally take up the work of your basement, and be legally responsible for it.

On the other hand, handymen do have the skills to perform such jobs around the house, but they aren’t licensed and may not have a very technical insight into executing a full-fledged basement revamp. Additionally, some states require handymen to be licensed based on the
scope of work they would be handling.

This is one of the major reasons why general contractors are preferred over handymen for expensive and involved projects like overhauling the look of a basement.

Coordination

A large project like basement rework requires not just plumbing or electrical work, but flooring, tiling, and other civil work as well. It requires a high level of coordination between various contractors and professionals, which a general contractor is capable of handling—since they have the experience. Handymen, on the other hand, can do the job well but may need assistance. In fact, the larger the scope of work, the better it is to hire a general contractor.

Nature of the Job

People usually prefer calling handymen when a lot of repair work around the house accumulates—for example, pipe and plumbing repairs, electrical repairs, lights, and fixtures, etc. A lot of small-scale jobs are better handled by handymen. On the contrary, where a single big project is involved, general contractors are more likely to perform better.

Knowledge

The experience of working on diversified projects and with different professionals makes general contractors better positioned to handle a basement project. Additionally, they have access to building codes, real estate laws, and regulations of the latest order and are better capable of adhering to these regulations than handymen. You don’t want to end up with jobs around your basement that aren’t approved by the law in your state.

The key takeaway that we want to leave you with is that general contractors are the better choice for specialized and high-level, large-scoped jobs as compared to handymen. On the other hand, for minor renovations or repair work, handymen are your go-to.

Thinking of renovating your basement? Leave it to the experts at Elkstone Basements for professional advice, and beautiful results. Visit Elkstone Basements today to get your free quote.

How Much Would It Cost to Finish My  Colorado Basement

How Much Would It Cost to Finish My Colorado Basement

A basement is a versatile space that you can do up according to what you want it to be. But unfortunately, the financial aspect of it becomes a deciding factor when pondering over renovating or remodeling your basement. With ElkStone basements, the price to finish your basement depends on what you want your basement to be. And, if we’re the ones doing up your basement, we assure you that the final reveal won’t be disappointing! You may have an idea about how you want the basement to look, but before you invest time, effort, and money, make sure you know the factors which decide the price. Many homeowners believe that knowing the per-square-foot price for renovation is more critical than understanding the total cost of a basement remodel. But, this is not always the case since a lower price-per-square-foot does not always simply lower the overall cost.

Several factors, some of which are beyond your control, might influence the cost of finishing your Colorado basement. However, basement remodelers can benefit you by having more detailed knowledge of what you want to accomplish with the project.

What Can Determine the Cost of Finishing My Basement?

Take a look at the below

factors that can determine the cost of finishing your basement:

1. The Room Setup

What you want to do with the area is one of the most significant cost drivers for any basement remodeling project. For example, would you like a bachelor pad with a wet bar, arcade games, pool tables, and a gaming station? Or do you want to use a minimalistic approach and turn it into a relaxing home office? Do you desire a bathroom or perhaps a kitchen in your basement? All these factors will directly impact the final cost of finishing your basement.

2. Furniture and Finishing

If you want new plumbing, lavish tile work, and custom paint finishes, you’ll have to spend more money. But, on the other hand, if you stick to the fundamentals and put more money into furnishings and other add-ons, a basement of the same size will cost you significantly less to remodel. The takeaway is that the cost of a basement remodel in Colorado will be higher if you’re planning on adding high-end lighting and handcrafted wooden furnishings.

3. Renovation Level

Another element to consider while finishing your basement is the canvas you’ll be working with. For example, a basement with only structural support and concrete walls would require more remodeling than a space with installed heating, plumbing, electricity, and air conditioning. The cost-per-foot can also vary if you have an egress window or need one installed.

The typical cost of finishing a Colorado basement is between $60 and $90 per square foot. However, this can vary depending on whether or not you require plumbing. If you do, it would add $10-$20 to the per-square-foot cost. In addition, the price of any remodeling work may be affected by your choice of flooring and other changes to your space.

Because of the varied choices available, we won’t quote you an exact price until we visit the space and talk about your needs. Every project we take on is unique, and it all relies on how is luxurious you want your basement to be at the end of the process.

ElkStone has been in the remodeling business since January 2008, and we’re experts in our field. We’ve always delivered high-quality basements to our customers, and we’d be delighted to provide you with a free, no-obligation estimate for your basement finishing job. For a free estimate, fill out the form or contact 303-656-9006 today.

Remodel Your Basement for Income

Remodel Your Basement for Income

basement finishing companies

Did you know that your basement is a potential source of income? Well, you can easily convert your basement into a fully furnished apartment that you can rent out to make money. Read on to find out how you can work with basement finishing companies to convert your basement into a livable area for rent.

Sort Out the Legal Side of Things

It’s crucial to ensure that whatever you want to do is lawful before you do it. If you are looking to remodel your basement so you can make money from it, you should first ensure that the local municipality allows you to do that. There are some areas with restrictive zoning laws and regulations that don’t allow you to remodel your basement for income. If you are unsure whether that’s legal where you are, you can check with your basement finishing companies to find out if they have any clue regarding how you can get that information. It is, however, possible to appear before the zoning board to file a case if the municipality does not allow you to turn your basement into an apartment.

Come Up With a Budget

It’s important to determine the cost of your project before you proceed. The best way to find out how much you are likely to part with is to get quotations from at least three basement remodeling companies. You can then compare the quotations and consider several other things before you hire a particular basement remodeling contractor. Coming up with a budget is crucial. This helps you get an idea of how long it will take, from the time the project is started to when it’s finished. You will also determine whether the costs outweigh the benefits. Research shows that most homeowners can recoup their basement remodeling costs. Most homeowners rent out their basements for 50-75% of the monthly mortgage cost.

How to Make Money From Your Basement Apartment

Now that you have a nice basement rental unit, the next step is to find out how you can make money from your basement. The simplest option is to just find a tenant who stays in there and pays rent. However, you can also upload your basement pictures to sites like Airbnb.

Working with basement finishing companies is a great way to come up with a new revenue stream. It’s important to ensure that you work with a reputable company that can give you the best outcome.

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