Do you have an unfinished basement, or are you trying to decide if you should include a finished basement in the construction of your new custom home? Read on to discover some of the benefits of a finished basement to help you make the best decision. A finished basement can provide a large amount of extra space and a significant return on your investment.
Return On Investment
A finished basement will increase the value of your home. Most sources estimate that you can expect to receive around a 70% return on your investment. Also, finishing a basement space will be much more affordable then building an addition to the main area of your home. However, underground spaces do carry of lower value per square foot then above ground spaces. Taking that into consideration, finishing a basement still offers one of the highest ROI among all types of home renovations.
Energy Efficient Space
Being underground makes basements very energy efficient. The natural insulation of the ground will keep your basement cooler in the summer and warmer in the winter then the other areas of your home. This will provide you with a great space that won’t require excessive additional heating and cooling.
Finally and most importantly, you should consider how you would use your finished basement space and if you even need that extra space. Many homeowners use the basement for more private rooms that guests won’t usually visit like a man cave, a home gym, a kids play area, a movie room, etc. The basement is the perfect place to have a less formal space that can stay tucked away from the common areas of your home. You could even create an extra bedroom or guest room in your basement.
A return on investment and energy savings shouldn’t be the reason you decide whether to finish your basement or not. You should focus on the extra space it will bring to your home, the possible ways you could enjoy that space, and how often you will use it.