Add value to your home. Of interior home renovations, kitchen and basement remodels offer some of the best financial returns. But there’s a caveat with basements: the quality of the new space must match the rest of the house to warrant asking for a higher selling price.
Less expensive than an addition. Finishing a basement is typically less expensive than building an addition or moving into a larger house. The total cost for a basement renovation can vary widely. It all depends on the scope of your project and whether you can do the work yourself or have to hire a contractor.
Fix existing basement problems. This is a great opportunity to take care of basement issues that you’ve been putting off, like waterproofing and repairing moisture damage. You can also use this remodel to ensure your basement is protected from future problems by choosing products that have noise-reducing properties and resist mold, mildew, and sagging.
Here are some basement remodeling resources to help get you started.