
Basement renovations are a great way to add space to your home. It can be a cost-effective way to expand the size of your home and add a large amount of value. Basement renovations can add up to 70% value of your home.
If you want to build a basement, you will need to consider several factors. First, you must decide what you want the finished space to do. For example, you may want an additional bedroom, bathroom or kitchen. You can also build a gym or playroom.
Depending on your budget, you can do a simple basement makeover, or you may need to consider hiring a professional contractor to oversee the work. It can be a great way to get the most out of your space and save you from the frustration of having to do it yourself.
Depending on where you live, you may need to get a building permit. Building permits are meant to protect you and your family, but they are possible to obtain. Often, a building inspector can complete an inspection in just an afternoon. However, if you skip this step, you may be forced to pay for the work to be redone, or your insurance company may deny you coverage.
You may also need a permit to have electrical and plumbing work done. Again, you will need to check with your local municipality to determine the rules for building permits in your area. A permit will help ensure that your basement renovations are legal.
The best way to decide on a budget for your basement is to research the costs in your area and decide on the most important features you would like to have. That will help you determine what materials you need and ensure that you get the most value for your money.
While deciding what features you want to include in your finished basement, consider how you will decorate the space. For example, you can use bright colours to highlight the walls, ceilings and flooring. In addition, consider adding faux beams or reclaimed wood to the walls. You can also similarly paint the concrete floors to the walls.
While considering all the features you will have in your basement, consider adding an egress window to make the space safer for your family. Egress windows allow for easy fire escapes and add natural light to the basement. Egress windows cost about $500 to install, but consider hiring a professional to make the job a breeze.
Consider installing a home theatre or a home gym in your finished basement. These additions can add considerable value to your home, and you can find a home improvement loan to help pay for them.