Do you love your neighborhood but only like your home? What if you could utilize more space in the lower level of your home or update its style to make it a home you love? Remaining in your current home and making changes to address these needs may be more beneficial and affordable than the time and expense required to move to another home. Read on to learn more about how lower level remodeling may be a sensible choice for you.
Lower Level Remodeling Options
There are many options for how a space may be used, especially when remodeling or finishing a lower level or basement. Whether you live in a newer or older home, grand or modest, there are ways to work with the square footage you have. We may also include features to keep your home brighter and airier than the basements of the past. There are many challenges that we may address and here are some of the most common:
- Do you enjoy entertaining and wish you had more room to serve guests and store the food and pieces you use to serve them? Including seating as well as a refrigerator and cabinetry in a wet bar area may be the perfect remedy.
- Do you need better accommodations so that your overnight guests have more privacy? A guest bedroom will help as well as provide a closet for more storage of off season clothing and other items. This room may also do double duty and be used as a home office, a quiet place for homework, or as an exercise room.
- Perhaps your household could use another bathroom? Adding another bath may relieve those chaotic morning shower schedules.
- Is there a desire for a designated storage area, including space for seasonal items? Open shelving or cabinets may help keep those sporting goods and Christmas decorations organized.
Basement finishing is one of the most beneficial remodeling projects you may do to improve your home. It expands your living space as well as makes your home more appealing when the time does come to sell. You may consider how many years you estimate to live in your home and the value of the enjoyment of living in a space designed specifically for your needs and style. It is important to keep in mind the features that are common to homes in your neighborhood or area. Otherwise, your return will be more minimal in relation to the remodeling cost.
When evaluating what you would like to have done to your home, it is important to consider the cost vs. value a project will bring. An average finished lower level includes a family room with an entertaining area including a wet bar and recessed lighting as well as full bathroom. An average basement remodel will bring a 63% return (West North Central area), 75% return (in Minneapolis Area), to a 77% return (national average) to your investment on resale*
These numbers are some of the highest for return on investment for all of the different updates available! Not only will you likely get most of your investment back, you will also have the enjoyment of living in a space that is truly suited to you and your family. As a Remodeling Designer with Kootenia Homes I may help you transform your home so you will be happy you stayed!
Contact us today at 651.731.2345
*As compiled in the Remodeling 2014 Cost vs. Value Report (www.costsvsvalue.com), © 2014 Hanley Wood, LLC, Complete data from the Remodeling 2014 Cost vs. Value Report can be downloaded free at www.costvsvalue.com