While an unfinished basement works great as extra storage space, a basement refinishing could make it much more useful for your family. A lower-level remodel can transform that under-utilized space into an additional living area, such as a home theater, craft room, or playroom. However you plan to use the extra space, a finished basement ensures your home’s lower level doesn’t go to waste. Besides expanding your home’s functional square feet, finishing a basement can significantly boost the property’s value.
For a successful basement refinish, proper planning is essential. Here’s what to expect when you finish a basement.
1. Expect a Payback
Finishing a basement can be a good investment. According to cost versus value surveys conducted annually by Remodeling magazine, nationally, the average return on investment for a basement project is around 75 cents on the dollar. Besides the financial gains, refinishing a basement will add new functionality to your home: more bedrooms, more efficient storage, and more space for entertaining.
