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Finishing Basements - Does it Add Value?

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Remodeling basements can be an inexpensive way to add value to your home, and homeowners nationwide have taken notice. Whether you are looking for more storage space or to create a room that serves a specific purpose, definitely give a basement remodel more than a passing thought.


Decide on the function of your basement before beginning. Popular choices when remodeling basements include storage space, utility room (with optional shower) and wine cellar. Don't feel like you have to choose just one, as basement remodels can serve several functions. Consider a stylish basement bar as a place to relax and entertain guests. Personal touches such as woodworking or your own photography can add flair and character to this space. Teen hangouts, playrooms, gyms, and music studios also are popular choices for basements because you can soundproof the space.

Analyze your basement in terms of its natural state and weed out the negatives. Be sure to develop an aggressive plan for preventing and/or addressing pests, moisture, insulation, and ventilation. Also find ways to use the set-up naturally in order to lower the labor and cost of your redesign. For example, take advantage of natural light when you can. Not only is this a stylish choice, you can save money on electric bills in the long run.

Plan carefully and thoughtfully before beginning remodeling basements. Think in terms of a detailed task list, supplies list and timeline. Be careful when hiring a contractor, and make sure the company has been vetted. It's even better to find one that has been recommended by a trusted source. Save money by purchasing materials and fixtures reused and sticking to original dimensions rather than customizing. You also can donate old materials and fixtures from your basement and write it off as a tax deduction.

Safety considerations

While remodeling basements is the easiest home improvement task out there, it often is the most neglected. Be sure than you install a light for the stairs leading down to the basement, preferably one that can be shut on or off with a switch at the top before you descend. You also will need to make sure that windows are placed in an area out of which people can escape in the event of a fire.

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