When people think about their basements, the word “storage” usually isn’t far off—especially if the basement is unfinished. Indeed, many basements become nothing more than oversized storage areas for old and forgotten possessions.
However, basements are actually one of the most versatile spaces in your home. If you’re willing to remodel it, you can use a basement for both functional or recreation purposes—like a spacious laundry room or maybe a high-tech home theater, for example. Aside from adding more usable space to your home, finishing your basement also offers many other benefits, such as:
Increased Home Value
When it comes to home improvement, people often have kitchen remodeling or landscaping at the top of their list. With regard to return of investment though, few projects are as rewarding as basement remodeling, which provides up to a 150% return on your expenditure.
Want an extra source of income? Then you might want to convert your basement into a rental property. Most basement apartments rent at 75% of your monthly mortgage payment, which means it’ll pay for itself soon enough and help you pay off your house quicker.
Protect Your Health
An unfinished basement is often infested with mold and mildew, both of which can trigger allergic reactions and other health issues. When you finish your basement, you also eliminate the moisture problems that encourage the growth of these intruders.