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Basement Remodeling: Boosting Home Value and More

By: Allison Millar, Contributing Writer
In: Product review
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Want to capture some inexpensive space for remodeling? Look no further than your basement, where a new rec room, bedroom, or bathroom can provide a much needed boost to your living space. Basement remodeling also can boost your home value if you are careful about how you approach it.

Basement Remodeling Benefits

According to some estimates, basement remodeling provides a 75 percent return on investment. While this is not ideal if you’re planning to sell quickly, it can add value over the long haul. (Not to mention improving your space.)

Also, you might be strapped for space and/or living on a small lot, where an addition is not realistic. Basement remodeling allows you to “add space” without the expense of a room addition. You can boost your home value and save on the following:

  • Money. Room additions require excavation and concrete before you even build the structure.
  • Time. Room additions can take six to nine months for permitting and remodeling.
  • Yard space. Room additions are often 10-feet by 12-feet or larger, plus you need room for any exterior entryways.

Think Strategy With Basement Remodeling

When debating how to approach a basement remodeling, think strategically. What type of space would make your life easier, improve traffic flow, or open up space for the family? Here’s more on evaluating your remodeling needs.

Take a look at some common issues you may encounter with a basement remodeling. Then, talk with a few contractors to see what’s possible given the structure and size of the basement.

The beauty of basement remodeling is that it is typically easier to live through, because the mess is away from the main living space. There also are ways to segment the work and do it in phases. Talk with a few contractors to get the low down on how to proceed.

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  1. 7 Responses to “Basement Remodeling: Boosting Home Value and More”

  2. jamie
    Oct 21, 2010

    A quick suggestion, if you are going to remodel your basement, make sure to waterproof it first. If you don’t and have water issues you later, you can forget about the 75% return on your remodel investment..people don’t like the smell of mold in their new house!

  3. Oct 21, 2010

    Remodeling the basement is a great idea and you offered wonderful advice on how to do so. However, it is important for your readers to remember that although they are remodeling the area, it is still a basement, thus will be affected differently than the rest of the house. With this in mind, your readers should choose floors that work well in damp areas, such as tile, vinyl, or area rugs that can be easily cleaned. Also, because basements are naturally cooler than the rest of the house, consider adding another heat source or air duct to make it a true living space.

  4. Oct 28, 2010

    Great Article. We actually see a higher return in Chicago with finished basements. A bit closer to 80-85%.

  5. Jul 29, 2011

    Before starting a basement remodeling project it is important to first asses the basement for water issues. If there are water issues, basement waterproofing must be completed first prior to initiating the basement renovation or remodeling project.

  6. Naperville Home Builder
    Nov 7, 2011

    I totally agree with the 75% return on your investment. A lot of people now days are wanting finished basements in their new homes at least in the Naperville area. We have also had an increase in basement remodeling projects now that many people are planning on staying in their houses longer.

  7. Jan 17, 2012

    Basement remodels are definitely a great idea.

  8. waterproofing
    May 9, 2012

    I agree, basement remodeling is a great idea. Basements are often taken for granted, but with just a little remodeling they can turn into one of the best spaces in a house.

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