Basement Remodeling Tips For Finished Basement And Interior Finishing | Page 6

FINISHED BASEMENT – INCREASING
HOME VALUE AND HOME SPACE
Its end use
 This factor is of high priority. This is because many basements are constructed or renovated in
such a way that it suits a certain use. For example, a finished basement may be designed in
such a way to be best utilized as an entertainment room. Other types are nanny suites, home
theatre rooms, gymnasium, and basement apartments and so on. These types yield greater
rental income or return on investment (ROI).
Quality of furnishing materials
 As a homeowner, you will agree that the quality of the finishing in a property commands a
high price. Many homeowners prefer to use high-end finishes than those that offer quantity. If
basement walls and floorings are made of quality material, the market value will definitely
rise.
 Additionally, hiring a good contractor should command quality in workmanship. But quality will
only count if the basement’s quality matches that of the rest of the home. No one is willing to
buy high-end basements with the rest of the home looking like a hut.
Overall basement space
 The utmost reason many people upgrade their basements is to get more home space.
Therefore, it is safe to conclude that a larger basement space will result in more value. Simply
put, additional square footage equals higher value. Not to mention the quality of materials
that will be lavished eventually.
Reasons why Finished Basement Yields Low-Value
 However, there are many reasons a finished basement may not bring in as much value as
expected. So do not be deceived when you want to buy property.