Modern remodel can instantly transform the turn of the last century gems, old residential buildings, and other dreary cold spaces into something more valuable and desirable to the eyes. Many homeowners have remodeled parts of their homes and have neglected the basement, but it doesn’t have to be like that for you anymore. A basement is a fairly large space with lots of potentials, and remodeling it can boost the value of your home by a lot. If you have considered finishing your basement and hiring professional help, you’ve also undoubtedly considered basement remodeling costs.
Perhaps that cost is holding you back from your basement remodeling plans, and so you find yourself wondering, “Can I finish my basement myself?” However, you might have to think twice because most basement work can be difficult DIY projects. The best thing to do in this scenario is to hire a professional. The expense is a worthwhile investment.
The cost of a basement remodel is always variable. If you are considering ceiling options for a finished basement or interior staircase railings, searching for cheap basement contractors is a great way to ensure the project is affordable and a success.
Every single year homeowners across the nation will make the decision to change the look and feel of their home. This decision will be made for two different reasons that are both quite different from one another. A homeowner will make changes to their home because they are planning on selling it and want a higher resell value or they will make renovations to their home because they want to spice things up in their house.
These home renovation projects can possibly involve making changes to the kitchen, to the bathroom, to the basement, to the bedroom, and in some scenarios even landscaping projects that may put in new patios or back decks. There are so many factors that play into home remodeling renovations and if you are a novice in this field then there is no shame in getting help. Here are all of the facts that play into the process of basement remodeling.
A minor and simple kitchen remodel will end up bringing an average return on investment of over 80% to a homeowner looking to sell their home. This speaks volumes to the idea that even simply getting involved in basement remodeling can help improve the value of your home in the housing market. Furthermore, making additions to a bathroom can help bring an average turn on investment of over 86% as well!
A recent survey was conducted that revealed that almost two-thirds of all homeowners are planning on renovating their home. If they plan on changing up their basement then they may be interested in home theater installations to improve the entertainment aspect of one’s home. However, understand that nearly 35% of all home renovation projects involve making changes to the entire home, not just one room.
When getting into the process of basement remodeling, understand that you can definitely get your money back in terms of the total amount you invest. Average basement remodeling projects can help bring back a 70% return on investment for the homeowner which is a great deal. A 2016 Houzz and Home survey revealed that over 68% of all homeowners plan to put in a new recreational area in their newly-built home.
The very same 2016 Houzz and Home survey revealed that just about 30% of all custom built homes include a gaming and entertainment room. This could easily be an addition that is made through the process of basement remodeling. So keep your options open when you start your process of remodeling and renovating your basement.
In Conclusion
A survey was conducted by the National Association of Home Builders in regards to the process of basement remodeling. This survey revealed that finished basements have managed to rise in popularity and over the past two decades have become some of the most popular home renovation projects over that time frame. Make sure you look over all of your options and all of the available information that is accessible in regards to the process of basement remodeling.