Basement Finishing Raises the Value of Homes

Published by: Elizabeth Gormley
Published on: 2010-01-10 15:26:13

You've got a couple of options if you would like to make your home in Connecticut larger.  One is adding an addition, and the second is finishing the basement.  Whether you want a playroom, entertaining space, game area, office or home gym, look down to the dank, dark basement and reconsider its function.  Refinishing the basement can take an efficient basement finishing contractor two weeks, or a do-it-yourself homeowner six months or more.  The result can raise the value of your home by a significantly large margin.  In fact, studies show that a finished basement and a redone kitchen are first in the best financial returns of all home renovations.  But it must be planned and executed properly to get the most out of your investment.
   
Many homeowners believe that the more exotic or unique a space is, the more it is worth.  It is the opposite that is true, especially in the case of a finished basement.  Specialized functions such as a darkroom, bowling alley, or home theater with stadium seating, actually hinder your financial return when it comes time to sell your home.  These novel ideas, while interesting, do not appeal to a broad range of folks.  A separate wine cellar is one thing, but the best value will come from neutral themes and components.  If a prospective buyer wants to have the finished basement be a rumpus room, he might not mind a wet bar in the corner.  However, a built-in home sauna might be a deterrent.
   
Make the space suit your needs, but make it interesting and a desirable place for others to be.  A finished basement is separate from the rest of the house, so you might want to hire a contractor or designer who is experienced in the challenges of finishing a basement.  It is a one-of-a-kind task because there are functional components like furnaces, support poles, ducts, pipes, and valves, to mask and make flow with the room.  A good designer might incorporate the clunky, industrial features of a basement into its scheme.  It will cost more to have special design features that are universally appealing, but it is worth it in the end.
   
The average person will spend twelve to twenty-five percent the cost of the actual home on finishing the basement.  If you are spending less, consider what you are paying for.  The goal is to make it a place in which you and your family will spend time.  A less-than-desirable space may be the end result if you do not expend on high-quality materials—and this includes carpentry components.  You want top-notch, moisture-resistant floors, walls, and ceilings to keep out the dankness.  You want to walk down the stairs and be wowed at the functional space that will be sure to pay off when it comes time to sell.

For a basement finishing contractor in Connecticut, contact us today or browse our directory.



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