How Much Value Does Finishing a Basement Add to My Home?

How Much Value Does Finishing a Basement Add to My Home?

basement finishing company

For homeowners that have unfinished basements, there has a significant resource they can tap into to increase the value of their home. There are many reasons why a homeowner may consider finishing their basement, and many of them involve increasing its value. If you are on the fence about finishing your basement, this information may tip the scales for you.

Additional Rooms

Contacting a basement finishing company for a basement remodel is a great way to add additional space to your home. In many basements, you have enough room to add one bedroom and one bathroom. However, some basements are large enough that you can add two bedrooms. This adds to the living space in your room. Not only is it great to have extra bedrooms in your house, but it is appealing to potential buyers. You may not be able to increase the square footage, but you can certainly say that you have more living space.

Return on Investment

No matter how you look at it, a finished basement offers you a fantastic return on your investment. In the US, you can expect to see about a 77.6% return on your investment when you contact a basement finishing company to finish your basement. The way that looks in dollars is if you spend $20,000 on your basement, you can expect to see the value of your home increase by about $15,400.

Space within Zoning Restrictions

There are often zoning restrictions associated with the size of your property. The size of the lot on which your house sits is subject to the zoning in your area. As a result, you may not be able to attach additions to your home. It may bring your house too close to your neighbors or within the restrictions set forth by the county. Depending on the current height of your house, you may not be able to add levels, especially if your house is already two stories. As a result, contacting a basement finishing company is critical in adding space to your home without impacting zoning restrictions.

When you consider finishing your basement, you are adding a tremendous amount of value to your home. You do not even have to create a luxurious basement. It can be a simple plan and see a significant return on that investment.

What to Know Before Working With A Basement Finish Designer

What to Know Before Working With A Basement Finish Designer

basement finishing project

You have made the decision to finish your basement, so now it is time to get started with a designer. When you work with a basement finishing designer, many of these steps are handled by the designer, but it is helpful if you know what to expect before starting with them.

Permits and Requirements

It is critical that you have the proper permits and inspections completed that are needed for your basement finishing project. This information can be found by contacting the county or city clerk’s office. This is because there are code requirements set forth for any construction project. No matter if it is new construction or existing construction. Depending on the state you live in, a basement finishing project is considered a wet area, which leads to additional requirements, such as a ground fault circuit interrupt (GFCI). In addition, there are requirements around plumbing, electricity, and egress that you should be prepared to think about.

Waterproofing and Drainage

If you have ever had a flood, burst, or leaky pipe in your house, you know just how much damage water can do. When you are working on a basement finishing project, you need to think about the potential for water in your basement. Do you currently get any water in your basement? Do you live in an area that floods? When you think about this, you may decide that you need waterproofing in your basement. You may need a sump pump, or a second one if you already have one. If you are considering adding anything in your basement that requires water, such as a bathroom, kitchen, or wet bar, you have to tie it into the existing drainage system.

Electricity

No matter what you plan to do with your basement finishing project, you will need some type of electricity for lighting and providing power to items in the basement. It is important that you plan for your electricity before you drywall over any exposed studs or framing. Some basements already have drywall which requires additional consideration when attempting to tie into the existing electrical system.

Many people choose to take on a basement finishing project because it is 80% cheaper to do that instead of buying a new house. However, there are many things to do when deciding how to finish your basement. That is where a basement finish designer can help answer all of your questions regarding your final steps.

What Are the Issues of Slab on Grade Concrete Floors?

What Are the Issues of Slab on Grade Concrete Floors?

basement finishing company

Did you know that close to 68% of homes in the United States have basements? If you are interested in putting a basement in your home, you should work with a basement finishing company that can help you. You might be thinking about building a slab home, but there are issues with putting a slab on grade concrete floors. Here are a few of the significant issues you need to note.

The Soil Could Settle Beneath the Slab

One of the biggest problems is that the soil could settle underneath the slab itself. If the soil begins to settle, the slab could crack. If the slab cracks, this can lead to incredibly expensive repairs. That is why you should always take a look at the soil on which you build your slab in Colorado. Colorado soil is notorious for settling, and this is an issue that you need to avoid.

Moisture Could Enter Beneath the Slab

Another issue you might experience is that moisture could get underneath the slab. If there is moisture underneath the slab, it could crack. There are instruments you can use to see if there is any humidity coming from underneath the slab. If you are sensing a significant humidity change, this is a sign that there could be moisture underneath the slab. This is something you need to address as quickly as possible before it leads to significant damage.

Trees Could Grow Beneath the Slab

Finally, tree roots can also be a significant concern. If you have trees close to your home, you need to figure out where the roots are located. You do not want to have roots anywhere near the slab. If the roots grow in the direction of your slab, they could crack the slab. This can lead to a significant repair bill. Take a look at where the roots are located.

Work With a Basement Finishing Company

In the end, there are a lot of issues to consider if you have a slab on graded concrete floors. That is why you should work with a basement finishing company that can help you. It is still possible for you to construct a beautiful basement underneath your home, but you should work with professionals who can walk you through the process. That way, you can put your project in the best position to be successful.

Why You Should Never DIY a Basement Remodel

Why You Should Never DIY a Basement Remodel

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Basement renovations are a great way to better your home. They can give you extra storage space, an entertainment area for guests, or even just more living room space. However, basement renovations or remodels are not something you should be doing yourself if you’re not a professional basement finisher. Here are the reasons why.

1. A Basement Is a Difficult Space to Work in

Basements are often cramped, dark, and dusty places. Working in them can be difficult, especially if you are not used to it. Trying to do a DIY basement remodel in this kind of environment can lead to many problems, such as injuries and mistakes that are hard to fix.

2. You May Not Have the Right Tools or Knowledge

Basement renovations often require special tools and knowledge that the average person may not have. Trying to do a DIY basement remodel without these can lead to frustration and a lot of wasted time.

3. It Can Be Dangerous

Basements can be dangerous places, especially if you are working on your own. You can easily injure yourself or damage your property if you are not careful. Remember, the damage doesn’t have to be done by you, it can also happen if you are not paying attention to what you are doing.

4. Professionals Can Do it Faster With Better Results

Professional contractors have the experience and tools necessary to do a basement remodel quickly and efficiently. They can also help you avoid common mistakes that can occur during a renovation. For these reasons, it is always best to leave basement renovations to the professionals. Trying to do it yourself can often lead to delays and frustration.

5. It Can Be Costly

DIY basement remodels can quickly become costly if something goes wrong. A professional basement finisher has the experience and knowledge to avoid these mistakes, which can save you a lot of money in the long run.

6. You May Not Like the Finished Product

One of the risks of doing a DIY basement remodel is that you may not be happy with the finished product. This is often because you do not have the same level of expertise as a professional contractor. By hiring a basement finisher, you can be sure that the job will be done correctly and to your satisfaction.

The home remodeling market is valued at $450 billion and is expected to expand. A lot of this market is attributed to areas like bathrooms, kitchens, and basements. However, basements are a unique area that should be left to a professional basement finisher. Leave it to the experts, and you won’t regret it.

How to Transform Your Basement Into a Home Theatre

How to Transform Your Basement Into a Home Theatre

home theatre

Basement movie theatres are all the rage. They offer the blockbuster experience from the comfort of your own home. Building a home theatre in your basement isn’t just for personal enjoyment, either. For every $1,000 you invest in renovating your basement, you can recoup around $700 when you sell your home. Until then, you can enjoy your basement makeover with guests thanks to these tips that go beyond the basics to create a luxury experience.

Don’t Forget Lighting

It’s easy to think that your basement theatre should be completely dark. Limiting ambient light is essential, but movie theatres install dim lights on the walls and track lighting on the floor to ensure that you can see when getting snacks or going to the bathroom. LED strips are easy to cut to size and can be dimmed with a remote control. Make sure to pre-wire wall sconces when soundproofing your home theatre.

Keep Your Expectations Realistic

You know that soundproofing your basement theatre is a necessity. Otherwise, your surround sound will bother others in the house and potentially the neighborhood! Additional layers of drywall, soundboard, and MLV for wrapping pipes and ducts all help to minimize sound that can leave the room. Furthermore, acoustic panels, carpet tiles, and bass traps improve the sound quality inside your theatre, while sound curtains tackle both issues.

Consider All Your Seating Options

Although oversized recliners will make your home theatre feel more like the real thing, you’re not limited to them. A large sectional may be more comfortable and kid-friendly, not to mention that it allows you to snuggle up. Modular sofas and ottomans also offer customization that recliners lack. Plus, ottomans can serve as storage for extra blankets and pillows. Finally, if you have space, consider installing a counter with stools behind the plush seating where people can snack. It will go well with the next tip!

Add a Bar

If you want an easy way to make your movie space stand out from other home theatres, consider adding a bar in the back of the room. Cabinets and a mini-fridge keep snacks and drinks (both alcoholic and carbonated) nearby, so your guests never need to leave the room. A sink and drying rack will make cleanup more convenient for you. However, if you don’t have room for a bar, consider a bar cart with the essentials.

These are just a few of the things to consider as you build your basement theatre. The possibilities are endless and you can customize the space just the way you want it. When you’re ready to get started, get in touch with us!

Ideas for Adding a Home Office to Your Finished Basement

Ideas for Adding a Home Office to Your Finished Basement

basement finishing project

In this day and age, we expect a lot more space out of our homes. In fact, the average American home has almost doubled since the 1950s, with the typical house nearing 2,500 square feet! Part of this is because many more homes have basements than was once the case. Basements add a lot of space to houses, but this space can’t necessarily be used properly unless the basement is finished first. Of course, even after your basement is finished, it might not necessarily be fully usable in the way that you want it to be, especially if you’re looking for that perfect home office. So, how can you make the most out of your finished basement and create a new home office?

1. Repurpose an Existing Room

Not all finished basements are one big space. Some are divided during the finishing process into different rooms. Perhaps you finished your basement when your kids were young and included a nursery or a bedroom. It might be the right time to turn that space into a home office. But of course, if the room wasn’t made to be a home office during your initial basement finish project, it might not be the best fit.

2. Remodel Your Basement

Just because your basement was finished earlier doesn’t mean that you can’t remodel it. A finished basement can be remodeled like any other part of your home. Think about investing in a remodeling project that will section off a part of your basement and turn it into the ideal office. This could be the best way for you to get what you want out of your finished basement.

3. Section Off Space

If you don’t want to do a complete remodel of your basement, you can still have a part of it sectioned off by a remodeling company, with walls being added where it is necessary in order to create a great home office space.

Ultimately, having a permanent home office does more than just give you what you want out of your home, it also increases its value. If you ever put your property on the market, having a basement finishing project with a full home office could make your home more valuable while also providing you with a quiet space where you can work from home.

Top Signs You Need to Remodel Your Basement

Top Signs You Need to Remodel Your Basement

basement remodeling

Disasters can be a good reason to remodel your home. Due to disasters in 2017, people in the United States spent nearly $14 billion on improving their homes. A lot of home improvements tend to be for basements. Below are the top signs you may need to remodel your basement whether disaster has struck or not.

You Have No More Space Upstairs

A good reason for basement remodeling is when you have run out of livable room upstairs. This typically happens to families that are still growing. When your family needs more personal space, expand into the basement. It is the perfect area to remodel to create more room for everyone.

Your Basement Is Currently Unusable

Maybe the paneling is deteriorating or you have noticeable flood damage in your basement. Both are very good reasons to remodel your basement to make it more livable and safer. Give the space a complete makeover. When you work closely with home remodelers, they can help you plan for basement remodeling that transitions the area into one of the most comfortable, usable, and popular parts of your home.

Your Basement Was Constructed Using Outdated Materials

If you own an older home, chances are that the basement was built using outdated materials. Some of those materials may even contain harmful components and chemicals like asbestos. Today, building materials have changed for the better. They are more energy-efficient and also offer other types of advantages. Consult with expert home remodelers to learn more about the materials they use for basement remodeling.

Your Basement Isn’t Suited for Entertaining

Do you love to entertain? Having a beautiful place to have parties is a great option for basement remodeling. You will have the opportunity to plan for the holiday season knowing your guests will be comfortable and enjoy your living space. Consider having a mini kitchen and bathroom installed as part of your basement remodeling plans to turn the space into the ideal entertainment location.

No matter why you want to remodel your basement, work closely with professional home remodelers ready to provide you with the basement makeover of your dreams. They can finish the space to match exactly what you have envisioned. Overall, you will add more livable space to your home while increasing the value.

How to Successfully Convert Your Basement Into an In-law Suite

How to Successfully Convert Your Basement Into an In-law Suite

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Multigeneration homes are very common. With the rising costs of housing and assisted living, 20% of Americans are currently living with several generations of family members. If you want to have the privacy of your own home while also sharing costs with family members, an in-law suite is a popular way to go. You can convert your basement into a cozy apartment, but make sure that you do things correctly if you want to succeed.

Make Sure It’s Legal

If you’re building another apartment during your basement renovations, you have to do everything legally. Go to your local government and get the necessary forms and permits. Depending on where you live, there will be different laws for the amount of space needed and the way utilities are set up. Prepare everything ahead of time and you won’t have to deal with any surprises in the future.

Designate Two Points of Egress

Your basement is now a home and it will require two ways to get out. Don’t try to get away with technicalities on this one. Give whoever will be living down there two easy ways to get out, neither of which require them to go through the main house. While this might be expensive and require installing a new door, it will reduce the risk of tragedy in case of a house fire.

Maximize Natural Light

Even the biggest basement can be dark. When you’re doing your basement renovations, take the time to maximize the natural light that can get into the in-law apartment. Add window wells and take advantage of any slopes in your yard that will allow for bigger windows. Living without natural light can be depressing and bad for your health. Even a few extra windows can make a big difference in the light levels of the house.

An in-law suite is a great way to split up a multigenerational home. Take some time to plan it out and make it a safe and comfortable place to live. This will make everyone living in the home much happier. A multigenerational home has a lot of benefits for the family living within it. So with some basement renovations, you can make this style of living appealing and practical for your family.

7 Ideas to Upgrade Your Basement

7 Ideas to Upgrade Your Basement

basement wet bar

Upgrading your basement is a great way to add more livable space to your home. About 81% of homeowners that have upgraded their basement say they want to be home more and fully enjoy their basement space. Basements are becoming the new gathering spaces for many families. It is not unusual to find pool tables, game rooms, basement wet bars, and a lot more in modern finished basements. Here are seven easy ways you can upgrade your basement and transform the space.

1. Before You Get Started

Before you start your basement renovation, be sure the space is waterproofed. If you have a wet basement issue, it is important that you correct it before you start your project.

2. Add Flooring

Unfinished basement flooring must be improved to create the welcoming space that you want. Consider hardwoods, tiles, or linoleum for your basement floor. Upgrading the floor will instantly upgrade the space.

3. Finish the Walls or Paint

Many basements have unfinished walls. It is an easy fix. Have sheetrock installed and have it painted. It will create a finished space. If the walls are already in place, paint your basement a light color to brighten things up.

4. Lighting Has a Big Impact

Basement areas are often neglected when it comes to lighting. Add the same style of lighting that you have in the rest of the house to make your basement feel more a part of your home.

5. Family-Friendly Gathering Space

Divvy up the space into kid-friendly and adult spaces. Basement wet bars installed in the “adults only” area of your basement are a great added feature and will up your game as the host with the most fun place to gather.

6. Choose Appropriate Furniture

Furnishings will dictate what you use the space for. For example, if you are set on having one of the great basement wet bars installed, make sure you buy the furniture to go along with it.

7. Decorate

Treat your basement like it is a part of your home. Give it the same thought that you do any other living space and you will create a space everyone wants to be in.

If you need some extra elbow room, your basement can heed the call. Make it a bedroom, an office, a craft space, a den, a man cave, or a game room. There are so many possibilities

How to Prepare for Your Basement Remodeling Project

How to Prepare for Your Basement Remodeling Project

basement remodeling

68% of homes in America have basements, and basement remodeling is one of the best ways to increase your living space and boost the value of your home. However, you can’t just rush into remodeling without first preparing your space. To make this easier, here are some simple ways that you can get started.

1. Identify Where You Will Need Additional Outlets

Before getting into the thick of basement remodeling, you will need to identify the areas where you want to have extra outlets added. Doing this early will allow you to take care of the electrical issues, before starting the overall finishing. While this can be tricky to visualize, especially since nothing is in place yet, try to think of where you will need things to go and work with an electrician to decide what placements would be best.

2. Don’t Forget Your Permits

Although you may not think it necessary, you will in fact need a permit to remodel your basement. The type of permit you need will depend on the scale of the work, the building codes in your area, and the zoning laws. Your contractor can help you get your plans together so that you can contact your city office to start the permitting process. In some cases, your contractor will handle this without you needing to worry about it.

3. Remove Junk

Basements can get cluttered fast, and in order to be able to remodel it, you’re going to need to decide how to clear it out. Make sure to give yourself enough time to thoroughly go through and sort everything into what you need to keep and what can be thrown away or donated. This can be made easier by dividing your basement into zones and tackling them one at a time. Keep in mind that once your basement is finished, you will have less room to store junk that you’re not using, so you may have to make some tough cuts. You may find the KonMari Method effective for this, as it challenges you to think seriously about what you need and what brings you the most joy to keep while respectfully discarding the things you no longer need.

Basement remodeling can be one of the best projects to complete in your home and it can both give you more space to enjoy and raise the overall value of your property. However, it’s important to think ahead and prepare as best you can before starting any of the work. Keep these three things in mind, and work closely with your contractor so that our basement remodeling project can go as smoothly as possible.

5 Things You Need to Do Before Remodeling a Basement

5 Things You Need to Do Before Remodeling a Basement

remodeling a basement

Basements are one of the most versatile spaces in a home and to finish them can cost almost 80% less than purchasing a larger home. However, before you can get started on remodeling a basement, there are five key things that you will need to consider first.

1. Check Your Foundation

Before remodeling a basement, you must first always check the condition of the foundation. It isn’t uncommon for basements to have cracked walls or leaks, both of which will require you to repair the foundation before you can get started on anything else.

Along with cracks, other signs that your foundation needs attention include doors that won’t latch, stuck windows, uneven walls, and bowing or slanting floors. All of these can cause issues if you try to remodel without fixing them, and you will just end up ruining your newly finished basement if you don’t take care of these issues first.

2. Identify Code Violations

When remodeling a basement, particularly an older one, it’s important to remember that building codes could have been different during initial construction. One of the most common violations that many homeowners run into is the lack of egress windows which allow for an adult to be able to leave safely in the event of a fire. However, these weren’t required in homes until the 1990s, meaning that homes constructed before then are most likely lacking these windows. When remodeling a basement with code violations, you will need to bring everything up to modern standards, so it’s nice to identify these early.

3. Removing Water Problems

Another thing to consider before remodeling a basement is the potential for water problems. Make sure to examine the ceiling, walls, and floors carefully for signs of previous water damage, and keep in mind that any issues will need to be resolved in order to keep your new basement clean and dry. This includes making sure that your lawn slopes away from the foundation and that all leaky pipes are fixed.

4. Consider Proper Insulation

Proper insulation is another thing that you’ll want to carefully consider because you don’t want to skimp on it. Insulating your basement properly can help with saving energy, and it can also help protect your foundation and home from the outdoor elements.

While insulation types vary, spray-foam is most highly recommended due to its efficiency overall. This is because it expands to allow all gaps and crevices to be filled and properly insulated. Although spray-foam can be more costly upfront, it makes up for it in energy savings and effectiveness.

5. Consider Your Ceiling

The ceiling of your basement is something that you will need to carefully consider with your contractor. Because older homes often weren’t held to the same fire code standards that modern homes are, older homes are more likely to have lower ceilings. You’ll also need to take into consideration the plumbing and electrical lines that often run along basement ceilings, as you most likely won’t want to leave them exposed. What your contractor advises at this stage can cause a change in design, depending on what you choose to do and what needs to be done. While it may not be an obvious road bump, your basement ceiling may end up being one of the biggest considerations to keep in mind.

Basements are extremely flexible, and they can be finished to create many unique custom living areas. However, before you can get started on remodeling, these five things should be carefully considered. Work with your contractor closely to identify everything that needs to be done, so that you can get started on creating a basement space that you’ll enjoy.

6 Home Safety Tips for Your Finished Basement Design

6 Home Safety Tips for Your Finished Basement Design

finished basement design

Nearly 10% of all new homes include finished basements. Ensuring health and safety in this space means meeting all fire safety and electrical codes. Additionally, the area must monitor indoor air quality, have adequate lighting, and include features that resist mold and pests.

Windows and Window Wells

Many basement windows lack the dimensions for home residents to exit during fires or floods. Consequently, emergency service personnel sometimes cannot enter to fight fires or rescue victims. Basement windows in finished basements must also meet fire safety standards to prevent tragedies such as the 11 deaths during Hurricane Ida in New York basement apartments in 2021. Consequently, include enlarged window wells and appropriate window well covers in your finished basement.

Air Quality

Install carbon monoxide and radon detectors if your builder did not include them. Water heaters, furnaces, and dryers can all emit carbon monoxide. Radon emanates from underground through cracks in your walls and foundation. Asbestos exposure results when old pipe and furnace insulation crumbles. Most new homes do not contain asbestos, but finishing an older home’s basement could result in exposure, so hire a company experienced in asbestos recognition and mitigation.

Mold and Mildew Exposure

Follow industry standards to ensure that your finished basement does not draw moisture into the home. Everything from installing sump pumps to using the correct carpet padding and floor coatings will help keep your basement dry and mold-free. Also, include backup sump pump power sources in case of power failures.

Pest Control

Add storage off the floor, with covered plastic bins instead of cardboard boxes. Off-the-ground storage reduces hiding places for rodents and insects.

Lighting

While indoor lighting cannot equal the benefits of natural light, well-placed light fixtures and lamps will offset gloom. Lighting each corner and the center of the room as a part of your finished basement design creates overlapping illumination and softens glare while adding ambiance.

Fire Extinguishers

Check fire extinguishers monthly for pulled pins and full charges. Mount one extinguisher on the wall at the farthest corner of the room. Keep a second extinguisher at eye height at the bottom of the stairs and a third at the top. Although this may seem excessive, these three locations allow you a better chance to exit safely during fires.

Finally, ask your contractor to provide their license number and proof of insurance and schedule a fire safety inspection before making the final payment to ensure compliance with regulations and recommendations. Contact ElkStone Homes today to learn more about how to keep your finished basement safe and secure.

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