Basement Remodel: Getting A Return On Your Investment
If your home is your oasis, why should your basement be any different? If you’ve been toying with the idea of finally getting around to remodeling the basement, you may want to take advantage of the benefits a basement remodel could offer you as a homeowner. With an updated and remodeled basement, you may be adding equity to your home’s overall value if you ever decide to sell.
Having your basement remodeled shouldn’t have to be a frightening process. You will undoubtedly get what you pay for when it comes to contractors and plumbers that can help bring your unfinished basement up to speed with the rest of your house. If you cannot achieve a professional level of work on your own, it may be best to hire a licensed professional to finish the job for you.
A basement remodel may add equity to your home, but this will vary on the location your home is located in. The cost to finish a basement will probably cost about $20 to $25 per square foot, but also varies by region. The cost may also increase if you are looking to having plumbing or windows added to the basement.
Depending on the overall cost of the remodel, you can be able to expect a ROI of 66%. Although this may not be as high as some homeowners would like, your updated basement may be the deciding factor that helps sell the home. Many homes with unfinished basements can be left on the market because homebuyers are not interested in moving into a home they need to do renovations on.
If you intend on staying in your home for a few years after the basement remodel, the few years of added enjoyment and relaxation may be worth the cost. Additionally, the finished basement may save you precious time when you decide to sell your house by drastically cutting down the time your house needs to be on the market.
If you’re considering remodeling your basement, don’t hesitate to call us at Warsaw Home Improvement in Riverside, CT. We’re happy to help answer your remodel questions and provide you with a free quote today! Call us or fill out our form to request a quote.