Before embarking on a home improvement project that could cost tens of thousands of dollars, make sure that you are getting the most return for your investment. Many factors can influence the impact of a basement remodel, including square footage, the type of remodeling, what rooms are added, amenities, and geographic location.
Basement Finishing St Louis
Most houses in St. Louis have basements, but not all are finished. It is common for homeowners to buy a house with an unfinished basement and refinish the basement later, especially if they plan on raising a family, entertaining guests, or caring for relatives.
Adding Bedrooms
Adding a bedroom instantly adds to the value of your home by creating the prospect of a mother-in-law suite, a private space for a teenage child, or a separate guest apartment. In some cases, all it takes is adding a few walls and a closet. Be sure that there is a rescue and escape (or egress) window in at least one window in the bedroom.
Kitchen/Bath Remodeling
Installing a new kitchen and bathroom can be expensive due to the cost of gas hookups, water lines, and electrical work to accommodate the higher power demand. If you already have a source of water from laundry hookups and have enough power and outlets, you might be able to renovate more simply with less expense.
Questions About Basement Finishing, St. Louis
At Marvelous Basements and Remodeling, we make sure all your questions are answered, and you’ve considered all options before we start work. Here are some of the questions our customers have asked us in the past.
How Much Value Does a Finished Basement Add to Your Home?
A finished basement adds value to your home in many ways, both tangible and intangible. While the finished basement could add over $10,000 to the market value of your home, the true value is the enjoyment that you gain from a finished basement while you own it.
Should I Finish My Basement?
It depends. If you are doing an elaborate remodel, you can’t count on the increased property value to help you recoup all your expenses. Perhaps the most important question is whether the finished basement adds value to your life, from the moment construction is done to the day you sell.
What Is the Cost of Finishing a Basement?
The cost of finishing a basement can range from tens of thousands to hundreds of thousands of dollars, depending on the size of the basement and the complexity of the remodel.
What Is the Value of a Finished Basement?
It is hard to put a precise dollar amount on the value of a finished basement. The value of the basement is intertwined with the value of the house as a whole. The true value of a basement is subjective and goes beyond the monetary value. Each homeowner finds value in their basement in different ways.
How Much Does a Finished Basement Add to Home Value?
According to an article in the St. Louis Real Estate News, you can expect about $12/sq ft. by having a finished basement. The average basement is 1,000 square feet, which works out to a $12,000 bonus for homes with finished basements.
Conclusions
A basement renovation increases your home’s usable space, sometimes nearly doubling it. However, the cost can be considerable. Carefully think about how you will use the extra space, and be sure that the contractor you hire is experienced with basement remodeling.
If you’re a homeowner in Missouri looking for basement finishing, St. Louis contractors at Marvelous Basements and Remodeling are ready to take on your project. Give us a call at (314) 704-3562 today. We’ll inspect your current basement and plan a custom remodel that you and your family will love.
