4 Excellent Reasons to Finish Your Basement
While you’ve done a lot with the rest of the home, the basement hasn’t received much attention. That needs to change. Choosing to look into an easy and affordable way to finish your basement in Oakville will provide a number of advantages that you can enjoy for years. Consider these four and what they would mean in terms of making the house more of a home.
Creating Functional Living Space
You could always use one more room. Instead of thinking about adding one to the existing structure, why not finish and renovate the basement? You could make it into just about anything that you like.
Finished basements make great home offices. They’re also excellent for use as dens, craft rooms, or guest suites. The possibilities are only limited by your imagination.
Making the Home More Energy Efficient
Not everyone understands how a finished basement can save money on your energy bills. Between the waterproofing, the insulation, and other aspects of the finishing, you reduce the points of entry where heat or cold can enter the house. The improved efficiency and the reduction in air leaks does more than ensure the basement is easier to heat and cool.
The combination also prevents drafts and other problems that were making it harder to heat and cool the main floor. Along with the comfort factor, that also leads to lower energy consumption and utility bills that are easier to manage. Think of what you could do with the money that you save every month.
Boosting the Home’s Market Value
You may not be thinking about selling the home soon, but rest assured that a finished basement increases the home’s market value. When you do decide to place the property on the market, the basement will be something that you can use as a selling point. Depending on the location and the condition of the rest of the house, the finished basement could add as much as five figures to the asking price.
If it’s been renovated for a specific purpose as well as finished, that only adds to the value and increases the odds of having more offers. Prospective buyers get to see how you’re using the space and begin to get ideas of what they can do with it. The fact that the basement is so comfortable during all seasons will only make a good thing better.
Enjoying Another Source of Income
Have you considered what a finished basement could mean in terms of creating another source of monthly income? You could set up the finished basement as a studio apartment. With a tenant who pays a reasonable sum each month, you could recoup the investment in the basement faster. Once that’s done, the rent money will be profit that you can use for anything that you like.
Why let the basement continue to languish? A local Cambridge company specialized in basement finishing can assess the basement’s current condition and tell you exactly what it will take to finish the space. Once that’s done, use the basement for any purpose that you like. It won’t take long to wonder why you didn’t finish the basement years ago.