A basement comes with many benefits, ranging from being a relaxation area to a quiet space where children can play, or other noisier activities like drum practice. A basement serves many purposes. To many, the additional living space is more than enough reason to finish it. To others, it can serve as an extra bedroom or living space for visitors.
Here are advantages of having a finished basement in your home:
Extra bedroom
If you live in a small home, a finished basement can serve as an additional bedroom, either for you or guest. To consider a basement a bedroom, it must have at least two ways to exit the property. This is important in case of an emergency. To be a bedroom, you have to build a closet.
Home value
A finished basement adds to the value of your home. In the US, on average, finishing a basement certainly increases the worth of your home to over 75 percent of your investment. If you put invest $10,000 into finishing a basement, your home value would rise by as much as $7,000.
Multi-purpose space
Apart from the additional home value a finished basement incurs, it can also serve as a recreation space, storage or perhaps, a workspace. Many options become available the moment a basement surface in your home. All you then need to do is either decorate it yourself according to the purpose or call an interior decorator to put a professional touch on it.
Equity
For homeowners looking to build equity, a basement might just save you tons of money if you can finish most or all of the basement yourself. It doesn't matter if you outsource more complex issues, like fixing of electrical work or plumbing. If you can handle it yourself, you will save a great deal of money.
Additional bathroom
If an extra bedroom isn't what you want, what about an additional bathroom? Having more than one bathroom in your home can be of tremendous help, especially if your home is getting bigger as more kids or guest come in.
The only downside with adding a bathroom is the cost. It is more expensive than just putting up drywall for demarcation.
The advantages of having a finished basement are many. It is left for you to discover an advantage that you can explore and focus on. It could be the extra space it offers, the value it adds to your property, or perhaps a strive to build more equity. Whatever be the case, discover and utilize it.
About the Author
Wendy Wiegand
As a premier real estate agent in Carlsbad, I’m here to provide you with all the resources and information you need to buy or sell real estate. I work with buyers and sellers in Carlsbad, Encinitas, Oceanside, San Marcos, Vista and the surrounding areas and I’ve had extensive training in the latest real estate marketing strategies. I’m confident that I can offer you knowledge and tools most other agents can’t.
I believe in service, both to my clients and our community. When working with clients, you can be assured I am focused on providing the most comprehensive and dedicated effort so that you can achieve the best results possible when buying or selling real estate. I am also deeply involved in serving our community, as you and I all call it home. I have been a member of Rotary since 2003, have been an active member of the Carlsbad Chamber of Commerce since 2006, and serve on the board of the Agua Hedionda Lagoon Foundation. Perhaps my even deeper service to my clients and our community is Wiegand Realty’s participation in Business for a Cause.
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