The basement is one of the most underutilized spaces in the home. Having a finished, totally remodeled basement is something that any homeowner should consider for a variety of reasons. A remodeled basement can provide you with increased square footage that you can use for many purposes and activities. Here are just a few of the top benefits associated with basement remodeling Chicago suburbs.
Increased Property Value
No matter how big or small your home is, by adding extra usable space through a basement remodeling project, you can add more value to your home. Even if you’re not considering placing your home on the market in the future, potential buyers will be more attracted to your house if it features a finished basement if you ever decide to sell one day. A basement can serve as a second family room, playroom, exercise area, or a place for guests to stay overnight. In the end, transforming your basement into a usable area can pay off big time.
Improved Energy Efficiency
A remodeled basement can increase your home’s energy efficiency. During the remodeling process, drywall will be installed on walls and ceilings, and extra insulation will be installed inside the walls. Since your basement is the foundation of your home, these added features will go a long way in improving your home’s overall energy efficiency.
Extra Income Potential
A finished basement allows the opportunity to have extra rental income. If you’re planning to keep your house long-term, there’s nothing better than having a steady stream of cash flowing in from a tenant. If you’re thinking about selling your home, a remodeled basement can be an attractive asset to many prospective buyers. A tenant’s monthly rent could significantly help to diminish a buyer’s monthly mortgage payment.
Depending on where you live, there may be zoning restrictions that prohibit you from adding on to your home. If you focus on finishing your basement, you’ll benefit from increased square footage without interfering with any zoning issues.
The benefits of having a finished basement are endless. Regardless of why you’re thinking about remodeling your basement, you’ll most likely be happy having a functional space you can use for a variety of activities if you decide to undergo the remodeling process.