Renovating your home is a great way to add to its total value, but it’s important to be aware that some renovations provide greater increases than others. For example, basement renovation usually adds significant resale value, especially if it transforms the basement into a usable living space. In this article, our team at Monest will go over some of the ways in which basement renovations can add to your home’s resale value.
- Upgrading Materials – One way you can add value to your home with a basement renovation is by replacing the flooring and other materials with higher-quality options. The better materials will increase the total value of the space, and they will make your basement more comfortable to live in. This, in turn, will make your home more appealing to buyers when the time comes to sell.
- Adding Amenities – Another way to increase resale value with a basement renovation is by adding amenities to the space. For example, many homeowners use basement renovations to transform their bare basements into comfortable living suites by adding a bathroom and even a kitchenette. Adding features such as a wet bar or entertainment set up are also great ways to get more use out of your basement and make it more attractive to buyers.
- Adding Square Footage – Lastly, basement renovation is a great way to add value to your home because it allows you to add usable square footage to your space. The extra space alone is enough to increase the value of your home, and you can increase it even more by adding new amenities and investing in high-quality materials.