With home prices on the rise, finishing a basement is the latest trend in real estate. More and more homeowners are enjoying the perks of additional living space, a reduction in heating and cooling costs, a healthier home, and, if done right, a more desirable home when selling.
A finished basement can be used for virtually anything and may offer multipurpose spaces the entire family can enjoy. Common uses include additional storage or a media room, craft room, guest suite, workshop, or gym. A little extra room can give a growing family space to breathe and provide convenience for everyday life.
An unfinished basement can be a source of energy loss. By finishing your basement, you can expect to see savings on your heating and cooling costs. Industry experts recommend finishing the space with the proper framing, insulation and vapor barrier to guarantee a cozy and inviting space. Insulation plays a key role in the comfort of your newly remodeled space and although it’s hidden within your walls, insulation will make sure your space stays cool in the summer and warm in the winter. Retailers suggest using a stone wool insulation, such as ROXUL. This recommendation is also fire and water repellent and is resistant to mold, mildew, rot and bacterial growth — making your space healthy and safe.
An added benefit to expanding downstairs with a finished basement is the instant marketability. Many buyers now demand a well-finished basement to give them extra space. Although you may not immediately recoup the financial costs prior to selling, you will stand out among the rest.