The Value of a Finished Basement

By: Michelle Tunquist

Finishing your basement is a great way to add value to your home. Too often, unfinished basements are a waste of space that your family could enjoy.  Fixing up the basement is a great way to quickly add usable square footage to your home without the expense of an addition. Read on to learn more about the value of finishing your basement.

Adds Flexibility

Most of the rooms in your home are spoken for.  Each room is usually designed with a specific purpose in mind, and they genuinely need to be used for that purpose.  Bedrooms, a living room, the kitchen and bathrooms have a specific purpose.  However, your unfinished basement can be turned into anything you want or need. Often, the basement is a large unfinished room that can be turned into one large room or several smaller rooms.  The ideas are endless.  You can turn your unfinished basement into a:

  • Family Room
  • Home Office
  • Children’s Play Room
  • Home Gym
  • Guest Bedroom
  • Game Room
  • Wine Cellar
  • Bar
  • Arts & Craft Room

Or you can turn your basement into a combination of any of these depending on the amount of space you have.  Perhaps you could use an extra bedroom.  You could add the bedroom and also add a home office and a play room.  The space is flexible and can be used however you want.

Adds Resale Value

Adding usable space to your home will help if you ever want to sell your house in the future. Future buyers like to see a home that they can move into without doing a lot of work.  When they see your finished basement, they will see extra space that they can use without having to do a big project.  Not everyone can look past how a house looks and see what can be done with the space.  By completing the project before selling, you are increasing the number of interested buyers and the purchasing price.  While the exact value amount will be dependent on the area, the quality of the work and the size and usability of the space, the consensus is that finishing the basement will add to the resale value of your home with an average of 70% return on your investment.  For a better idea of how much value it will add, you can consult a realtor in your area.

Adds Space

Chances are that you aren’t using that space in your unfinished basement for anything other than storage.  Finishing your basement is a way to add living space to your home without adding on to your home.  In general, the cost of finishing your basement is less expensive and less invasive than adding on to your home.  Add needed space by finishing the basement you already have.  Do you feel like you are outgrowing your home?  Moving is a huge hassle, a lot of work and especially if you need to purchase a larger home—a lot of money.  Save money by creating more usable space in your existing home. 


Idaho Falls Basement Finishing

Adds Fun

A finished basement may create a larger room that can be used for entertaining.  If you don’t already have space for entertaining a crowd, creating a game room in your basement is a great idea.  Whether you want to add a play room, game room or a large living room, your basement is the perfect location for creating a fun room in your home.  Once the space is finished, you will be ready to have friends over to celebrate. 

Adds Order

Most homes can use additional storage space, and while a large unfinished space in your basement can be used for storage, finishing the space can create organized space for your belongings.  Storage rooms with built in shelving can add order to your storage.  While creating livable space, you can also add in a few storage closets that can add order to your home.  Once you take the time to organize your storage, it will be easier to access and probably take up less space. 

Adds Comfort

If properly insulated, your basement could likely be the most comfortable room in your home.  Cool in the summer, and toasty in the winter, your basement can turn into the most popular room for your family.  Cut down on air conditioning costs by spending time in the summer in your cool basement. 

Tobin Cleaning & Restoration Can Finish Your Basement!

Tobin Cleaning & Restoration isn’t just for restoration work or cleaning up after a disaster.  We are a full service construction company as well. Not only can we fix up your home if you’ve had an unfortunate incident, we can also help you turn your home into the space you want.  Call us today to get a quote on your basement.  

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