Not surprisingly basement renovations are growing in popularity as we spend more time at home and/or our family's grow and we require more living space. A lot of basements we redesign are completely unfinished or they are really outdated and need a full facelift. A basement renovation is the most effective way to add value to your home. Converting an unfinished basement into a livable space actually adds usable square footage to your home.
Still not convinced about the value a basement renovation can add to your home?
We have included some ways a finished basement can add value to your property:
Add an additional bedroom
Add an additional bathroom
Great return on investment (average at about 70 to 75% in Canada)
Income property (could be used as a rental unit to pay off the mortgage)
Add recreation, storage, or guest space
Don't have to use high end materials (people are happy with a finished fully basement so material cost can remain very low)
These recent basement renovations sure do look inviting: