Basements are no longer areas confined to storage and laundry. A finished basement can allow you to use your creativity to turn a dark and dull space into a beautiful and useful extension of your home. No matter what the size or shape, basement remodeling is one of the least expensive ways to add living space. Here are some of the benefits of finishing your unfinished basement:
Increase Your Home’s Value
Most families we talk with about remodeling wish they had extra room in their homes. By refinishing your unfinished basement, you add valuable living space that will only increase your home’s value. It is an especially good option if zoning laws and permitting in your neighborhood don’t allow for structural additions.
The cost of finishing your basement is usually less than adding an addition, and some of your cost can be recouped when you go to sell your home—you’ll recoup an average of up to a 70% return on investment, according to Remodeling magazine’s Cost vs. Value Report 2017. But your increased enjoyment and use of the space will be worth every penny as long as you live there.
Make Your Home More Energy Efficient
Who doesn’t want to save money on their utility bills? When remodeling your basement, use this time to add insulation and other energy-efficient features that can reduce your heating and cooling costs. Items including energy-efficient windows and Energy Star appliances, LED lighting and compact fluorescent lightbulbs (CFLs), and proper insulation help your overall energy savings and reduce your carbon footprint.
Create Flexible Spaces
While “upstairs” rooms are generally assigned a specific purpose, like a kitchen, bedroom, or dining room, your finished basement can be used in a number of ways, like a yoga studio, a children’s playroom, or a recreation room. Another benefit is that spaces in your finished basement can grow and change as your family’s needs change and are repurposed easily.
Create Dedicated Spaces
As families were isolated at home during the COVID-19 pandemic, they needed to repurpose their homes to meet their work and leisure needs from home. Home offices and home gyms became necessities and more sought after than ever before. By finishing your unfinished basement, you can incorporate these dedicated spaces into your home for any specific requirement.
If you’re like most families, there’s never enough storage, so when creating your basement design, look for ways to add custom built-in storage. Utilize the areas under the stairs, add vertical storage, and built-in closets in out-of-the-way nooks and crannies, or create a dedicated storage room by closing off the mechanical area. Storage doesn’t need to be out of sight. Add attractive shelving, open cubbies, and wall storage units for children’s toys, crafts, or office supplies. Don’t forget overhead storage. Use hanging units and rods for wine glasses, gym equipment, or out-of-season clothing storage.
Generate Extra Income
Depending upon the zoning requirements in your jurisdiction, you may be able to transform your unfinished basement into a separate living unit. This can be used for multi-generational living or to rent out for additional income.
When adding a bedroom or two, keep in mind that to be considered an actual bedroom, bedrooms must have an egress window and a closet. This is more easily created with partially above-grade basements but can be achieved with below-grade rooms with some excavation. The addition of a bathroom also adds convenience, value, and the option of an income-generating extra space. A build-in rental unit may add appeal to potential buyers when you go to sell your home, as it can help supplement income and lighten, or even cover, the mortgage payments.
Make it Uniquely Yours
There is no cookie-cutter solution for finishing your unfinished basement. You get the pleasure of making it uniquely yours. You’ll work closely with our design team to incorporate the exact features you want to enjoy. It is a blank canvas upon which you can create something suitable for you and your family.
When you purchased your home, you likely bought it “as is” and had to compromise on some of the features you really wanted. This is your chance to get creative and add exactly what you’d like in your home. Make it your own with special features, including these:
- Wet bar
- Wine cellar
- Home theatre with built-in entertainment system
- Cedar-lined closets
- Billiards room
- Man cave
- Craft room
Finish Your Unfinished Basement in Lafayette and West Lafayette with Riverside Construction
The benefits of finishing your unfinished basement are many, and working with a design-build remodeling firm like Riverside Construction can help bring your dreams to reality.
With a design-build remodeling firm, you work with one team throughout your entire project—from concept to design to construction. Riverside Construction’s well-planned-and-managed design-build process will ensure that your project runs smoothly and is delivered on time and on budget.
We’ll lead you through an initial in-home consultation meeting where we’ll discuss your remodeling goals, timeline, and budget and offer suggestions in these areas. We’ll then move to design, where all the fun begins. You’ll work closely with our design team and see your ideas come to life through 2D and 3D renderings.
We’re extremely proud of the beautiful basement remodeling projects we’ve completed for homeowners in West Lafayette and the surrounding areas. View our “before and after” photographs and project stories in our Basement Renovation Portfolio that will give you ideas for your own basement remodel.