How a Basement Renovation Can Increase Your Home’s Value Exponentially
For many people, their basement is an afterthought. In most cases, basements are underutilized, and uninviting spaces used for storage, laundry, mechanical room, and some old furniture. With a touch of creativity, your basement can be transformed into a functional space that not only works for you and your family’s needs but can also exponentially increase the value of your home. By reconfiguring the basement, you can create additional usable space for your family, or even establish a separate residential unit for renting or extended family use. The possibilities are endless!
Basement Renovation Ideas
If you need help deciding how to make your basement more functional, we strongly recommend consulting with an experienced architectural firm. An architect can assist you in solidifying your basement design, tailoring your extra square footage to your specific needs.
Renovation solutions for your basement:
- Private office/guest bedroom with a full bathroom: Increasing the number of bedrooms in your house is always a good idea, it adds value to your property and provides more space for your family. Remember that a legal bedroom should include an egress window and a min. area of 70 sf. A full bathroom will enhance the basement’s functionality.
- Entertainment / Family room: Having an additional entertainment area is a great idea for families with both young or older children. This living space can be customized and transformed to suit your family’s changing needs. If possible, consider bringing in natural light to make the space more inviting.
- Flexible space: Designated space for your hobbies is another good use of the basement. Rooms such as a gym, yoga studio, home theater, wine cellar or crafts/art studio can significantly increase the value of your home and provide versatile spaces that can be adapted as needed. Additionally, some of these rooms don’t require natural light, making them perfect for basement areas with limited lighting.
- Storage: Basements should always have a designated storage area. The storage room can be combined with the mechanical room. It is important to maximize the storage room’s efficiency with organizational systems like open shelves and cabinets. This will help keep things organized and easily accessible. Consider the size of the items you plan to store (e.g.,Christmas trees, luggages, canned food, etc), to customize the storage room to your needs.
- Accessory Dwelling Unit (ADU): Some homeowners choose to convert their basement into separate residential units that can be rented out or used by extended family members. Each jurisdiction has its own regulations regarding ADUs, so consult with your county/city or an architect to understand if an ADU is allowed on your property.
No matter how you decide to utilize your basement, finishing it will help increase your home’s value and ensure that every inch of your home is utilized to its fullest potential.
What Is an ADU?
An accessory dwelling unit or ADU is a residential unit either built inside of a single-family home or detached from the main building but still located on the same property. Some ADUs are situated in the basement of a home or built above a garage. They feature separate entrances, utilities, legal bedrooms, living areas, laundry rooms, and full kitchens. ADUs have been embraced by government entities across the country to address the current housing crisis, providing additional income to homeowners and a unique living arrangement for renters. Contrary to popular belief ADU permitting process is not significantly longer or more complicated than a regular basement remodel permit.
Considerations Before You Transform Your Basement
There are numerous ways to transform your basement into a functional space. The first consideration should be your lifestyle:
- Do you work from home but lack a dedicated office space?
- Are you passionate about working out but dislike gym memberships?
- Do you have teenagers needing extra living space?
- Are you seeking additional rental income?
- Are your parents moving in with you?
Identifying your needs can guide you in determining the best use for your basement, both now and in the future. Investing in your property by converting your basement into an ADU, a fitness studio, or another practical area will yield benefits for years to come.