Real estate experts say that finishing your basement will give you an ROI of 77.6%. This is higher than most home improvement projects. In addition, a finished basement can be converted into anything from an additional bedroom, a playroom, or a basement family room. This means this project will not only increase the value of your property but it will also increase your home satisfaction. Read on to find out how finishing your basement increases your ROI.
Increase Living Space
Everyone loves space. Unless you plan to live in your house forever, you must think about whether there is enough space in the house for it to be appealing enough to buyers one day. Finishing your basement is a great way to increase the amount of space in your house. This project will help you to achieve this without having to make a home addition. By finishing your basement today, you will effectively increase your home’s amount of living space and make it more appealing to buyers later on.
It can be a struggle to find space for an additional bedroom in your home, especially if you have a large family or if you receive a lot of visitors. Finishing your basement allows you to create another bedroom. You can even turn the basement into two additional bedrooms. This means that by completing that project alone, you will add two more rooms to your property.
Houses With a Finished Basement Sell for More
Sometimes you will only realize your return on investment when you sell your home. Fortunately, homes with a finished basement sell for more than those without. Statistics show that finishing a basement will award you an ROI of more than 70%. For instance, if you spend about $1,000 on a basement finishing project, the value of your home will increase by no less than $700.
Finishing your basement is a great way to boost the release value of your property while increasing the amount of reusable space for your comfort. If you consider adding a basement family room, find a reliable construction company to do the job for you. Most contractors will give you a fast, free estimate to get you started!