Remodeling your basement is a great way to add value to your home but are you sure you’re getting back the right return on investment (ROI)? According to our team of remodeling service specialists, there are several things that can affect whether a makeover is worth the time and effort. Here’s a quick rundown of the biggest factors that affect your basement remodel project’s ROI.
Your Location
In places with high land value, you can expect each square foot of your home to matter more. Since a basement adds to that figure, you can expect a high ROI on a home where land values are high enough. On the other hand, you’ll get more value out of a room addition if you’re in an area where land value is low, where there is less demand for every square foot of usable area.
Your Choice of Materials in a Basement Remodel
Since your basement remodel’s ROI is directly tied to how much you spent on it, your choice of materials plays a big role in its long-term returns. For example, if you have a basement that you barely use, home addition experts say it’s fine not to splurge as much on it as you did on your master bedroom or kitchen. Of course, that’s no excuse to go as cheap as possible because poor quality materials will cost you more thru repairs.
Layout of a Basement Remodel
The layout of your new basement will affect how versatile it can be. The bigger the usable space, the more purposes your basement can fulfill. That being said, you can get a better ROI on a basement with an open layout compared to one with multiple partitions.
Other Small Changes
Having quality-of-life or cosmetic changes to your basement isn’t much, but it still contributes towards your basement’s ROI. Motion-activated lights, sound systems, and even new furniture and fresh painting all make the basement a better place if implemented right, which translates to better ROI in the long run.
Reliable Design-Build-Remodel is a full service general construction firm and remodeling contractor operating in the Birmingham metro and Jefferson and Shelby County areas and surrounding communities, including Birmingham, Helena, Chelsea, Mountain Brook, Hoover, Homewood, Montevallo, Alabaster, Vestavia Hills, and Pelham, with over 30 years of servicing our valued clients. Offering full service suite of general remodeling, design and build services. Our specialties include bathroom remodeling, kitchen remodeling, exterior renovations, interior renovations, painting, and more!
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