What do you do with a finished basement?

  1. Guest Room. When family and friends come to stay at your home, it’s nice to be able to offer them their own quiet space, and your guests likely appreciate it.
  2. Downstairs Apartment.
  3. Home Theater.
  4. Basement Bar.
  5. Game Room.
  6. Children’s Playroom.
  7. Home Gym.

What is the cheapest way to renovate 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.

How do I start remodeling my basement?

  1. Step 1: Decide How You Want to Use the Space.
  2. Step 2: Set a Budget.
  3. Step 3: Clean Out Your Space.
  4. Step 4: Conduct a Moisture Test.
  5. Step 5: Research Local Codes and Requirements.
  6. Step 6: Insulate Your Basement.
  7. Step 7: Take Care of Electrical and Plumbing.
  8. Step 8: Frame and Put Together Any Additional Walls.

What to Know Before finishing a basement?

  • Check the Foundation. Before starting any construction in your basement, assess the state of the foundation.
  • Identify Code Violations.
  • Eliminate Water Issues.
  • Insulate Properly.
  • Assess the Ceiling.
  • Work Around the Essentials in Your Design.

Is it worth finishing a basement?

Many people wonder if finishing their basement is worth the time, effort, and money to remodel their downstairs space. To answer that directly, yes, finishing your basement will almost always increase the value of your property. The standard return is around 70%, according to Remodeling.HW.net.

What should every basement have?

  • Focus on functionality.
  • Install proper lighting.
  • Consider flooring options.
  • Create organized storage.
  • Include a wine cellar or bar.
  • Add a bathroom.
  • Choose comfortable & stylish furniture and decor.
  • Ensure proper air circulation.

Does finishing basement increase home value?

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 can I use instead of drywall in my basement?

  • 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.

What is the hardest part of finishing a basement?

What’s the biggest challenge in finishing a basement? “Typically, the biggest challenge is working around obstructions. There are heating ducts, plumbing drains, water pipes, gas lines and electrical wires that are all off and hung below the floor joist.

What is considered 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 do you insulate basement walls?

How can I make my basement livable?

  1. Measure Your Basement.
  2. Inspect Existing Construction Quality.
  3. Install Insulation and Moisture Protection.
  4. Install the Right Egress Windows.
  5. Inspect for Radon.
  6. Check for Rot and Pest Damage.
  7. Install a Sump Pump.

Do I need to seal my basement walls before finishing?

Nothing will ruin a beautiful remodeling job like soaked carpets, moldy drywall and damaged furniture so it is essential that a basement be fully waterproofed before any finishing work begins.

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.

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.

Why do so many houses have unfinished basements?

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 should I put on my basement ceiling?

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.

Should I put a bedroom in my basement?

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.

How do you make concrete basement walls look good?

  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.

Do appraisers look in basements?

If you have a functional attic, basement or garage, your appraiser will factor those assets into your overall home value. In most cases, the square footage of these areas won’t count towards your total home’s square footage.

Is a finished basement considered living space?

While a finished basement is considered living space where your property value is concerned, it’s only in rare instances that this living space is counted towards the square footage. Even if your basement is not an exception to the rule, a finished basement is an asset to your property value.

Why are finished basements not included in square footage?

The entire level must be above grade in order for that space to factor in to the official square footage. This almost always means that if any portion of the basement is below grade, the entire level will typically be excluded from the calculation of the home’s square footage.

How can I cover my basement walls cheaply?

Fortunately, you can cover basement foundation walls quickly and inexpensively. Attach wood furring strips, Z-shape channels, or 2×4 studs to flat, dry masonry walls, then add insulation and cover the strips or studs with drywall.

What is the cheapest way to cover a basement ceiling?

Thin wood paneling — typically 1/8- to 1/4-inch thick — can cover an exposed ceiling, and it’s available in a variety of designs. Fir plywood, hardboard, even oriented-strand-board (OSB) are even more affordable, but these less-expensive options typically require paint or sealant.

What is the best material for basement walls?

  • 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.
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