Is your basement cold, dark, and scary? If so, you may require a basement renovation. Does the thought of renovating your basement seem scarier than your current basement? You are not alone. The average cost is $15,000 for a basement renovation in Toronto. While the cost may seem steep, it is very small relative to the benefits and reasons to consider a basement renovation.
More Living Space
One of the greatest benefits to basement remodeling is the increase in living space. Once you renovate or finish your basement, you will have an additional living area. This space could be used as an exercise room, den, living room, bedroom, rec room, office, or any other space you can think of.
Remodeling your basement increases the square footage of your home, allowing you to accommodate more people or better accommodate your own family. Instead of a cold, dark, and scary section of your home, you now have a beautiful and comfortable living space.
Saving Money in the Long Run
Although a basement remodels will cost you a pretty penny up front, it will save you money in the long run. To start, unfinished basements are typically wet and house unwelcome pests. When you remodel your basement you reduce the risk of pests and mold living down there.
A finished basement will also save you money on utilities. More than likely, you’ve added carpet and installation to the space. These additions keep warm air in during cold months and warm air out during the warm ones.
Increases the Value of Your Home
In addition to saving you money on utilities, a basement renovation in Toronto will increase the value of your home. We have already noted that finishing a basement increases the value of your home. In general, houses cost around a certain amount per square foot. The more square feet your home has, the more value it has.
A finished basement is similar to a bonus space. It is an extra room that a homebuyer will not be expecting. When they view your home, they will begin to picture all the things that they could do with the space. While this may not add monetary value, it does increase the odds of your home selling.
Renovated basements provide homeowners with flexibility. Typically, the basement is separated from the rest of your home. This attribute, plus the comfort added through renovations, provides you with some living flexibility. Imagine your young adult child moving home after college while seeking a job. While you may like the idea of them returning to their old bedroom, they may prefer the additional space offered by the basement.
Peace and Quiet
The basement’s separation from the rest of the home offers peace. If you work from home and need a quiet place to work or a space to take important phone calls, your basement is now a comfortable and quiet place to do so. It also offers you the opportunity to set up the relaxing man cave or she shed that you’ve been dreaming of. Contact our team to learn more about building your dream basement today.