Does Investing In My Basement Increase My Home's Value?
Is your basement un-finished or outdated? If you're planning on staying in your home for a long time, there's no better way to safely and usefully invest your money like a basement remodeling or finishing.
Remodeling your basement is the best way to increase your existing living space in a poor housing market with an investment that will significantly pay back for itself over a relatively short period of time.Typically a basement remodeling or basement finishing job will increase the value of your home by approximately 20%. So if you own a home appraised at $200,000.00, it should raise the value to $240,000.00!
Your home and the things in it are probably the largest investment you're ever going to make, and it only makes good sense to take care of them.
One of the ways you can protect your basement and your belongings as well as increase the resale value of your home is by basement finishing or basement remodeling. Even in the face of the suffering home market, home remodeling is stronger than ever. The National Association of Realtors reporting that national home prices are down, it makes homeowners want to stay in their homes and wait for the real estate market to bounce back.
While all home improvements will greatly increase the resale of the home, there are some that improve the value of a home by far more than others. Among the best home improvements when considering both adding value and increasing living space is to perform a basement finishing or basement remodeling project. The reasons why your basement is so important is; it’s a large living area, you can add a bathroom, bedroom, living room, media room and have more everyday living space. Basement finishing is also the most cost-effective way to increase living space within the home. Add a professionally remodeled basement bathroom, and you'll see even greater improvements!
With the right basement remodeling company, basement finishing can increase your living space in less than two weeks, without needing to raise the roof or use invasive measures on the existing portion of the home. Instead of building an addition, why not use the space in your house that can already be transferred into living space and not added on to the existing home. By simply finishing a basement, you can often achieve the same results of increasing usable space without having to knock down walls and spend thousands of dollars.
One thing to remember before remodeling or finishing your basement is to have it thoroughly inspected for water. Have a professional basement waterproofing contractor, come in and give you a free inspection. Don’t spend thousands of dollars to have it wasted when you have a water problem in your basement. At Michigan Basement Waterproofing, we have the unique ability to not only do basement waterproofing but we also are a fully licensed home improvement company where we can finish or remodel your basement when the water problem is properly taken care of. With this ability, we can save you money on a package deal for basement waterproofing and basement remodeling!
Email us to set up a free consultation and estimate or call us right now at (888) 364-0086!