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!