Calculating the Value of a Remodeled Basement

Are you curious on what goes into calculating the value of a remodeled basement? Learn about all the variables that are considered to come to a final number.

Calculating the Value of a Remodeled Basement

You want to know your finished basement value but where do you begin? There are many factors that need to be considered when calculating the value of a remodeled basement. Square footage can make a big difference. The square footage of your remodeled basement is almost always added to the square footage of your home. The usage of space and type of basement you have are also contributing factors. Any features and rooms you have added will also help increase the value. 

Type of Basement

A great thing about designing your finished basement is that the possibilities are endless. How would you like to use the space? Basements can be turned into spare bedrooms for guests or children. They can also be turned into playrooms, movie rooms, and so much more. Check out some ideas here 5 Uses For Your Finished Basement – Basements Plus . Design elements can flow directly from your home into your finished basement. You can go modern or rustic and anything in between. Our designers and professionals can help you create a space that feels like home. 

Function of Basement

Having a functional finished basement can also add value. There are many things that you can invest in that aid in increasing the finished basement value. Installing proper flooring and designing vaulted ceilings can help make the space beautiful and functional. Adding additional bedrooms or bathrooms also creates a more livable space and can help better the lifestyle of the homeowners. You must think of the finished basement as an extension of your home. 

Cost vs ROI on Finished Basement 

It is normal, as a homeowner, to be worried about cost. Remodeling your basement is a big project and could turn out to be costly Cost of Finishing Michigan Basements | Basements Plus. There are many factors that can impact the cost. These factors include the space(s) you are creating, the materials, and the features you are including. Most of the value for your home will be calculated using the above ground living spaces. This does not mean that you do not receive a return on investment (ROI) when it comes to your basement. If you are trying to sell your home, you will have an immediate ROI of 70%. If you are playing on staying in your home, the rest will come over time. Find more information here Value of Finishing a Basement | Basements Plus

Considering Factors for Valuation 

If you are considering finishing your basement, knowing your finished basement value is important. This number will be different depending on the home, what elements the homeowners included in their remodel, and how much was spent in the building a design process. Doing this alone may seem overwhelming but with the help of our team, it doesn’t have to be. Contact us for a free consultation and estimate. Contact – Basements Plus