If you’re looking to remodel your home, you are certainly not alone – at least not here in the United States. After all, home remodeling projects are so very popular that up to two thirds of all home owners are currently looking to conduct one of them in the near future. For a great many people, home remodeling projects are essential, as they either make the home in question much easier to live in or even help to ensure that a home is able to sell with ease.
But there are many different types of home remodeling projects out there, so how can one choose between which to undertake – or which to undertake first, as the case might be? For one thing, many homes, especially older homes, are going to be in need of extensive remodeling before being placed up for sale. Tackling a large scale project first can give the home the boost that it needs as early on as is possible. Such is the case with many a basement remodel. The basement remodel is a type of remodeling project that has grown only more and more popular throughout the course of recent years, and is something that many people are going to undertake in the years that are ahead of us as well.
And there are a number of reasons that basement remodeling is so very beneficial to your home. In fact, undergoing basement renovations is likely to benefit you whether or not you are expecting to sell in the near future, something that should tell you all you need to know about the role of the basement remodel. First, however, let’s look at the return on investment. For the average basement remodel, the return on investment is going to be quite high. As of recent data, it is already more than 77%. In the years that are ahead of us, it would not be unlikely to see a return on investment such as this one increase by a good amount. As the cost of a basement remodel can cost, at least on average, as much as a full $35,000, it’s a good thing indeed that a return on investment for it can be so high – and typically will be, for that matter.
In addition to this, even just undergoing a basement remodel can be a great way to improve your quality of life within your home. For though the average home now has more than 2,000 square feet here in the United States, meaning that it has more than doubled since the 1950s, many people find that their growing families simply no longer fit comfortably within their current home. Undergoing a basement remodel can change that – in a cost effective way, as it will cut costs by more than three quarters (by around 80%, to be just a bit more specific) in comparison to actually buying a brand new home.
And the basement remodel can utilize this space in a number of different ways. Additional family rooms are possible and popular, and many people will even include something like a fireplace in their new basement space. Some might even turn the basement into a space more suited for adult entertainment after the kids are asleep, something that can quite easily be accomplished with the installation of a wet bar. And a basement remodel can even transform a basement into a bedroom, something that is likely perfect for teenage or even college age residents of the home. Providing that little bit of extra space and privacy is something that can certainly do wonders when it comes to keeping the family peace, to say the very least on the matter.
At the end of the day, there is just no denying that renovating your home can be important for both selling it and living in it alike. The basement remodel in particular is one that is growing ever more common, and it is quite easy to see why. Not only does the average well thought out basement remodel have a high return on investment, but it will also provide extra space for just about any household, preventing them from needing a new home for the present.
