Do you have an unfinished basement? That’s a good opportunity for you to increase the value of your property. It’s also one of the cheapest ways to add more space to your house. The cost of finishing a basement is about a third of the cost of an addition. Here are some of the reasons why you need to finish your basement when living in Rochester.
More Living Space
One of the reasons why you need to finish your Rochester basement is that you will have more space that you can use for whatever you want. For instance, you can convert your basement into a home office, or you can turn it into an extra bedroom. Finishing your basement is a good move if you have a large family. As your children grow, they will need more space, and so will you. You can even use the basement you put all your family keepsakes and all the items you will collect over the years. This is a good way to ensure that the rooms upstairs don’t end up cluttered. Lastly, you can also rent out the basement to generate an income.
Do you like hosting parties? If you don’t have a lot of space to do so upstairs, you can use the basement as your entertainment hub. Other people finish their basements to create their home gyms. You can even turn the basement into an open-plan apartment and throw in a corner with a small kitchen with some kitchen cabinets. The United States kitchen cabinet demand is expected to increase to approximately $17.1 billion by 2021. With nice kitchen cabinets in your Rochester basement, you can use it as an Airbnb or rental space. There is no limit to what you can do with a finished basement. The possibilities are practically endless!
Finishing Your Basement Can Save Your Money
Did you know that you can save money by finishing your basement? Since your basement does not have a ceiling, the only way to maintain temperatures would be to use your HVAC. This can have a huge toll on your energy bills. When you finish your basement and add a ceiling and insulation, your HVAC won’t have to work so hard to maintain your basement’s temperature. With your HVAC not working as hard, your energy bills will drop significantly. According to the Department of Energy, it’s possible to save about 10% yearly on heating and cooling by just turning your thermostat back 7 to 10 degrees for 8 hours a day. This is possible if you don’t rely on HVAC to maintain the temperature in the basement.
You must also keep in mind that finishing your basement won’t be as expensive as building a room above ground. Unlike a normal room, the contractors won’t build from scratch. Instead, they will just have to reimagine an existing space.
A Finished Basement Can Add Value to Your Home
Finishing your basement can be a bit expensive. However, the money you spend is worth it because this is one of the projects that can significantly increase the value of your home. On average, a basement remodel can have about a 70% return on investment. This will have a huge impact if you are planning to put your home on the market. Real estate experts suggest that finishing a basement is one of the most effective ways to modernize an older home. You can discuss with your contractors and have them add new features to the basement. That way, you can safely invest in a basement remodel, knowing that you will recoup the money in increased property value.
These are some of the reasons why you need to finish your Rochester basement. A basement can be a great way to earn money on the side if you turn it into an apartment. When you are ready to finish your basement, it’s crucial to find the best contractor around. A skilled contractor will deliver impressive results, and that increases your chances of getting more ROI.
