If you’ve been thinking about finishing your basement and turning it into a room that you can enjoy, you may be wondering if doing so is actually worth the money. The answer is, yes! Basement remodeling is the easiest and most cost-effective way to increase your home’s living space. Finishing a basement not only increases its resale value but also gives you more money in return when it comes time to sell. According to Remodeling magazine’s 2019 Cost vs Value report, you can expect to recoup about 67% of the cost of finished basements.
Additional Living Space
In addition to increasing the value of your home, having a finished basement also gives you immediate access to more living space in your home. This means that you will have more room for family members or guests to spread out and relax when they come over. It also means that you will have more space for hobbies or other activities that require an area where kids or adults can do their thing without disturbing others.
Increased Home Value
One of the biggest benefits of remodeling your basement is that it increases the value of your home. A finished basement gives you additional living space in your house that can be used for anything including a family room, an office, a playroom or even a bedroom. Basement rooms often increase the value of a home by between 10 and 25 percent, which can make a huge difference when it comes time to sell your home.
Better Resale Prospects
If you plan on selling your home at some point in the future, having a finished basement will help with better resale. A finished basement increases your home’s value and it can be one of the best investments you can make. According to Remodeling magazine, a finished basement has an average return on investment of around 70%. That means if you spend $10,000 on a basement, you can expect to get back $7,000 when you sell your home. Home buyers will pay more for a house that has extra rooms like a basement that are ready to use. You can even benefit from a tax deduction. Finishing a basement is considered a capital improvement and may be tax deductible. The amount of the deduction will vary by location but is usually determined by the square footage of the finished basement space.
Do you Have an Unfinished Basement?
Why haven’t you finished your basement yet? The truth is, most homeowners have no idea where to start when it comes to basement remodeling. Do you really need to hire a basement finishing contractor? And what about the mold and mildew problem? The truth is this is absolutely a job best left to the professionals. A basement finishing contractor is an essential part of the basement finishing process. You’ll want to hire an experienced contractor to handle the job.
A good contractor will take the time to understand your needs and preferences and make recommendations when necessary. Your contractor should be able to guide you in choosing materials that fit your budget while meeting all safety standards and building codes.
Take the Steps to Finish Your Basement Remodel!
Once you’ve decided to finish your basement, you need to figure out what to do with it. You don’t want to use your finished basement for storage – this defeats the purpose of finishing the space off! Instead, we’ll focus on how to make your finished basement more valuable for your home and family.
The most popular way people finish their basements is to add a bathroom and living room. This adds value to your home because you’ve increased its square footage and added another bathroom without changing the exterior of the house. This also allows you to have an additional living area or rec room for your family. You could use this space as an office or guest room!
Free Basement Remodeling Estimates in Lehi and Utah County
When it comes to finishing your basement, there’s no job too big or too small for Allied Remodeling Contractors. So if you are looking for a basement finishing contractor near me in Lehi, Utah, look no further! We will design your basement to fit your needs, whether you want to finish the entire basement or just need a bathroom or office space. We will take care of everything for you, from permits to plumbing, electricity and more. You only need to make one call!
Give us a call today at (385) 412-8088, and we’ll schedule a date and time for your free basement remodeling estimate. We are excited to hear about your remodeling project and hope that you will choose our services for your basement finishing needs.