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There are many benefits to having a finished basement, but it can often be one of the most forgotten rooms in the house. If you are thinking about finishing your basement, consider that a finished basement can add value to your house, increase your usable space, and be a fun and flexible room for family gathering, crafting, or even just better organized storage.
In a city like Toronto, real estate is a premium, so adding living space on your existing land is more economical and saves you from expanding into your already small backyard. Look at your basement and think of all the possibilities that it holds –a finished basement give you many benefits as a homeowner, from increased sales value to a higher quality of life at home. And if you don’t have a full height basement, you can consider a basement lowering project to turn your unfinished basement into a wonderful living space.
Increase the Value of Your Home
Your basement may be a low priority on your list for home renovations and updating. It can be hard to imagine spending a significant amount of money renovating your basement, but consider that a finished basement can add to the dollar value of your house. A finished basement can often be included in the official square footage measurements of your home. Even if it isn’t considered in the square footage, potential buyers will see the finished basement as additional living space. Renovations and additions in the basement such as kitchenettes or spare bedrooms will further increase the value of your home.
Create More Space
A basement will add a great amount of functionality to your home. A finished, usable basement is often a large, open space that can be used as extra living space, such as a playroom or a family room. If you choose to partition your basement into rooms you will find that you can have extra bedrooms, a home office, workout room, or even storage, without cutting into the square footage of the upper floors.
A functional and finished basement can be a surprisingly valuable addition to your everyday life. You are ultimately adding another floor to your house, and creating unexpected space that can be creatively used. Having the ability to host guests, create extra storage space, and even add another bathroom can greatly increase the ease and convenience of your daily life. A finished basement can easily double as a “guest suite” or place for extended visits from family and friends.
Flexible Design & Decorating
A basement design can be quite flexible. Large, open spaces can be used for entertainment, guests, storage, or even a gym. You may find that a finished basement gives you a creative place to decorate, and that you can easily create a cozy and comfortable addition to your house without the constraints of your already designed upstairs floors. Consider adding game rooms, extra bathrooms, and exciting home decor ideas to your finished basement. The design and use of a finished basement can easily change and adapt with your needs, making it a great use of space.
Economical and Comfortable
A finished basement is nearly always a great place to spend time, no matter how you use it. It will always be colder in the summer, and warmer in the winter. Consider having a family room in the basement for cozy nights by the fire, or a bedroom that stays cool all summer long so you don’t have to crank the air conditioner all night! The basement can be an incredibly comfortable –and economical- space to spend time.
Increased Storage and Organization
Most people have storage in their basements and garages, and these areas can easily grow cluttered and hard to use. A finished basement can still provide storage, but instead of mildewed boxes, you can install attractive and functional shelving. Imagine a laundry room you love, and a workshop you can really use, instead of piles of boxes and corners filled with cobwebs. A finished basement can provide additional storage, shelving, and increase general organization.
Health and Safety
A finished basement easily eliminates damp and moldy basement areas. Most basements can succumb to water problems, toxic mold, and can be hard to inhabit. Finishing your basement can help eliminate water problems, mold, and moisture problems. This can have long term positive implications on your family’s health, as well as the overall condition of your house.
Cost & Efficiency
Adding another level or room to your house can be expensive. Rather than add on to your house, renovating your basement can create a usable room without the additional cost of a full addition. It can greatly increase your home value without sinking a lot of money into adding on a room or floor.
Not only are finished basements comfortable, they are economical. If you are considering upgrading or renovating your house, think about the lifestyle and investment opportunities that a finished basement can provide. From an additional room for entertainment, to a long-term investment in the overall value and condition of your home, a basement addition can have a long-lasting impact on your lifestyle and the value of your home.
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