Finishing a basement and turning it into a rental apartment can be a great way to earn extra money. In fact, basements are often rented out at anywhere between 50% to 75% of the monthly mortgage cost. But in order for you to find a renter who wants to move in, you need to make sure your basement apartment is somewhere renters actually want to live.
Tenants aren’t exactly head-over-heels for dark and dreary apartments. That being said, how can you turn your basement apartment into a bright and cheery space where renters want to put down their roots? Here are a few key ways a basement remodel can turn your basement into a warm and welcoming apartment.
Lighting is everything
Basement windows, if your basement has them, are typically smaller than regular first-floor windows. This can make your basement look cold and dark even when there’s some natural sunlight peaking in.
The best way to counteract this effect during a basement renovation is by installing overhead, recessed lighting. By installing overhead lighting throughout the space, you’re instantly creating a warm and welcoming environment that feels bright and airy.
Opt for bright cabinets and appliances
During your basement renovation, you’ll be installing kitchen cabinets, countertops, and appliances for your future renters. When you’re choosing the materials and colors for these features, it’s recommended to steer away from dark colors.
Dark colors are likely to make the space feel small, cramped, and unfriendly. Of course, if you’re looking to draw the eye up, you can play with contrast and choose darker lower cabinets and brighter upper cabinets. Including light-reflective surfaces throughout the kitchen is also a great way to make the space feel brighter.
Use natural textures and neutral colors
When choosing a color for your basement’s walls, it’s recommended to choose a neutral color such as white or a soft gray. Avoid choosing a cream color, which can make the walls look aged and yellowed.
Adding natural textures around the space can also make the space feel warmer. Consider installing hardwood floors or laminate wood flooring to create an instantly cozy aesthetic.
Get started renovating
Looking for an experienced basement remodeling company? ElkStone Homes offers basement renovation services whether you’re looking to turn your basement into an apartment, a family room, or a wet bar. To learn more about our basement renovation services, contact ElkStone Homes today.