- Home Bar.
- Game Room.
- Den or Informal Living Room.
- Wine Cellar.
- Theater / Media Room.
- Extra Storage.
- Workout Room / Home Gym.
What adds the most value when finishing a basement?
- Additional Bedroom.
- Additional Bathroom.
- Great Return on Investment.
- Way to Add Space if Zoning Codes Don’t Allow Other Additions.
- Income Property.
- Add Recreation/Storage/Guest Space to Home.
- Sweat Equity.
- Don’t Have to Use High End Materials.
What every basement should 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.
What do I need to remodel my basement?
- Warm things up with a Modern Faux Fireplace.
- Set up Extra Seating Behind the Couches.
- Turn the Space into a Craft Room.
- Shiplap the Walls for a Cozier Feel.
- Install a Formal Projector Screen.
- Opt for Cinema-Themed Decor.
When remodeling a basement What comes first?
- Step 1: Install Insulation. One of the easiest and most effective ways to insulate a basement’s exterior walls is adding polystyrene foam insulation directly to your foundation walls.
- Step 2: Frame Your Walls.
- Step 3: Install Drywall.
Why do people not finish basement?
Use As Storage Some families prefer using the basement as a storage space for unused devices or nostalgic items that can’t be thrown away just yet. A basement used as a storage space does not need to be complete as the space won’t have as much traffic as other areas.
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 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 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.
How do I layout my basement?
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.
Can you finish a basement with a sump pump?
The answer is that most finished basements will benefit from adding a sump pump. Installing a sump pump can be a great investment for preserving the beauty and safety of a finished basement. The bottom line is that sump pumps are recommended in finished basements that are vulnerable to moisture and flooding.
What type of flooring is best for concrete basement?
Aside from luxury vinyl, some of the best basement flooring options are sheet vinyl, laminate, carpeting, and prefinished hardwood.
How do you make an unfinished basement look nice?
- Better Your Basement. 1/18.
- Lay Down Foam Mats. 2/18.
- String Some Lighting. 3/18.
- Throw Down Area Rugs. 4/18.
- Install Storage. 5/18.
- Paint Your Cinder Block. 6/18.
- Hang Curtains. 7/18.
- Create an Art Studio. 8/18.
What insulation is best for basement?
Closed-cell spray foam is the best way to insulate concrete basement walls. This is because it can achieve a higher R-value, along with excellent moisture resistance, with less thickness required. It can fill in all the gaps and spaces thoroughly, giving you the best protection against moisture and air infiltration.
How much value does unfinished basement add?
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.
Is it cheaper to build up or finish a basement?
Generally speaking, building up tends to be less expensive than a basement. That said, not too long ago, lumber was at an all-time high and basements were the better option. Check with your builder and they can advise you on the pros, cons, and cost of each.
What is a partially finished basement?
A partially finished basement has finished and unfinished areas. For instance, many people will have a fully finished living area and maybe a bedroom or half bathroom in their basement. These areas will have fully finished walls, floors, and ceilings with all utilities done correctly.
What decreases home appraisal?
In some instances, home appraisals can come in low because values have declined in the neighborhood, improvements need to be made to the dwelling or the buyer has simply offered too much.
What does an appraiser consider finished basement?
Appraisers will generally value finished basement space at 50 to 60 of the value of the above grade square footage. This is why market experts recommend keeping the basement budget below 10 of the existing home’s value. Staying between 5-10 is a great plan.
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.
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.
Does finishing a basement add square footage?
A finished basement not only adds extra square footage to enjoy, it boosts the resale value.
What is a Texas basement?
A Texas Basement is floored attic space that is typically accessible via a hallway or closet on the second floor. In some homes, the Texas Basement is accessible via a separate stairways in the garage and the floored attic space is the space above the garage.
What is a Michigan basement?
Definition of a “Michigan Basement” Michigan basement is a term generally used in reference to the space underneath old farm houses. (Older homes in town were often constructed this way as well.) These basements are generally damp – often leaky – spaces with low ceilings, rock walls and dirt floors.