Is it smart to finish your basement?

Finishing Your Basement Adds Value to Your Home According to Zillow, homeowners can expect to see an average of 70 percent return on their investment with a basement finish/remodel.

What is the cheapest way to remodel a basement?

You can save on the cost to finish a basement by doing things not bound by codes: installing trim or doors, painting walls and woodwork, and installing flooring, says Buckeye Basements’ Jon Smith. Beyond that, count on using some pros.

Is renovating a basement worth it?

In the United States, on average, finishing a basement will give you a return of 70 to 75% of your investment. For example, if you spent $1,000 on improvements, it would increase the value of the property by about $700. If you spent $10,000 on improvements, it would increase the value of the property by about $7,000.

What adds the most value to a basement?

The appraised value of finished basement space is generally 50% to 60% of the value of the main level square footage. To maximize the cost/value ratio, the market experts recommend keeping the basement budget below 10% of the existing home’s value. Staying between 5-10% is a good plan.

What is the best flooring for a basement?

The best type of flooring for basements is vinyl. Vinyl flooring can come in the form of vinyl plank and vinyl tile, giving it the ability to look nearly identical to hardwood and stone products with the added benefit of being waterproof. Vinyl flooring is made of PVC making it durable and waterproof.

What can I use for basement walls instead of drywall?

  • Wood Planks. Wood planks are an age-old drywall alternative that has certainly stood the test of time well.
  • Veneer Plaster.
  • Lath & Plaster.
  • Plywood and Sheet Wood.
  • Texture Wall Panels.
  • Brick & Masonry.
  • Exposed Concrete Block.
  • Cement Board.

Does adding a bathroom in the basement add value?

Adding a basement bathroom can increase your home’s resale value by 10%-20%. It also can turn a wasted space into an enjoyable addition to your home. The average basement bathroom will cost $3,000-$25,000, depending on the existing plumbing and condition of your basement.

Do basement bathrooms count appraisal?

Finished basements and unfinished attic areas are not included in total gross living area. The appraiser must match the measurement techniques used for the subject to the comparable sales.

Does a finished basement count as square footage?

Does a basement count toward overall square footage? As a general rule of thumb, listing agents and appraisers don’t count a finished basement toward the overall square footage, especially if the basement is completely below grade—a term that means below ground level.

Does adding a bedroom in the basement add value?

Does adding a bedroom in the basement add value? Absolutely. Buyers are all about usable space and are willing to spend a little extra to have more of it. According to Remodeling Magazine, a midrange basement refinish yields on average 70% ROI.

What qualifies a basement as finished?

So, what constitutes as a finished basement? A basement is finished when the entire level is complete and similar to the upstairs living areas. It generally includes an electrical system, heat, finished floors, an accessible entrance/stairway, level ceilings, and finished walls.

How can I cover my basement ceiling cheaply?

A super easy DIY option for your basement ceiling is glue-on tiles. Typically made of polystyrene or fiberboard, these tiles come in a variety of colors, sizes, and styles, and are also paintable. You’ll need to install a foundation, like plywood, to glue them to. But after that, it’s as simple as glue and stick.

What is the warmest flooring for a basement?

A cork floating floor is an excellent insulating product for cold basements. It is the best flooring for basement. Add in a cost effective 6mm cork underlayment and you will have built an “insulated” floor.

What flooring is best over concrete?

  1. Engineered Wood. Natural hardwood flooring offers undeniable beauty and durability.
  2. Vinyl. As a longstanding choice for kitchens and bathrooms, vinyl has a reputation for extreme water resistance.
  3. Laminate.
  4. Carpet.
  5. Tile.

Should you put carpet in a basement?

Carpeting is one of the best flooring materials to use in basements. Besides making cold basements feel warmer and more welcoming, carpeting actually can dry out quickly, even when flooded. Like any other basement flooring, vigilance is crucial to maintaining the product over the long-term.

What is the best wall material for a basement?

  • It is also possible to use wood paneling to make foam or fiberglass insulation look great.
  • The best material to use for basement walls would have to be precast panels.

How can I make my basement look nice without finishing it?

  1. 10 Ideas for your Unfinished Basement.
  2. 1 | Hide Mechanicals.
  3. 2 | Install Electrical Outlets.
  4. 3 | Deep Clean the Basement.
  5. 4 | Add Overhead Lighting.
  6. 5 | Paint the Exposed Ceiling.
  7. 6 | Paint the Basement Walls.
  8. 7 | Paint the Basement Concrete Floors.

How can I make my concrete basement walls look better?

  1. using drywall and paint to cover concrete walls.
  2. painting the concrete or block wall.
  3. Brick veneer panels for basement walls.
  4. cover your walls with real barnboards.
  5. combination weathered wood and painted drywall.
  6. use wallpaper to finish your basement walls.

How do you put a toilet in a basement without breaking concrete?

You can tie a bathroom tub or shower into an upflush toilet system, which eliminates the need to break into the concrete floor. The system sends the wastewater from the shower drain and toilet to a holding tank before being pumped to the main sewer line.

How much does it cost to install a full bathroom in a basement?

Adding a bathroom in a basement costs $8,000 to $15,000 on average. You’ll save $500 to $1,000 if you have a rough-in drain already in place – typical in newer homes and usually near the main drain line.

Is a shower in the basement worth it?

A bathroom in your finished basement is the ultimate convenience. Adding a bathroom to your basement, or remodeling an existing bathroom, can also increase your home’s value. If you go with a full bathroom complete with a shower or tub, you’ll make the space fully livable.

Why don’t people finish their basement?

Some just want the room to act as extra storage or utility room that won’t need as much attention as other rooms. It could also be that a homeowner wants to leave a basement incomplete to pave way for its customization. Such a basement will remain incomplete until the owner is ready to start the redesign process.

What is a Yankee basement?

What Is A Yankee Basement? A Yankee basement is a root cellar. The name for the space comes from the dugout in baseball, which is the area where teams have their benches located in foul territory.

What do appraisers look for in a basement?

The appraiser will look for water in the basement, plumbing problems, roof leaks, and any stains on the ceilings, floors, or walls. If there is minor water damage in your home, you may be able to take care of the problem on your own to keep your buyer from walking away from the deal.

Do basement bedrooms count as bedrooms?

Your basement does not qualify as a bedroom unless it has window dimensions that meet a list of particular requirements. These standards can vary in their specifics, depending on which building code is used in your area, but the general intent is the same regardless of the code that is in force.

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