10 Tips
For Basement Upgrades
Have you considered finishing your basement to take advantage of the extra space? Many homeowners will upgrade their basement to make it more comfortable or use it to relax and spend time with their family. Whether you want to have kids playing area or offer your guests privacy, finishing a basement will match your needs. Besides, this is an excellent way to add value to your home. Potential buyers will appreciate the extra space, as it can accommodate large families or offer them an extra income.
How much is the return of investment for a finished basement? According to the Appraisal Institute of Canada, expect an ROI between 50% and 75%.
Knowing that it is feasible, here are so many smart ideas for upgrading your basement. However, keep in mind that not all of them will work. You need something functional and practical that will raise the home’s value at the same time.
In this post, we suggest the best ideas for finishing and renovating your basement. Once you go through them, you can pick the right choice that will suit your specific needs. Whether you want to add comfort to your home or earn extra money, don’t miss these tips!
1.Private apartment
If the lack of an extra bedroom is the reason why you can’t have overnight guests, this is your ultimate solution. An additional guest bathroom will offer privacy for your beloved guests. Keep in mind that adding an extra bathroom will bring additional costs for plumbing and tiling. However, the investment is worth it.
Besides, the extra space can be easily turned into a money maker. Whether it is long-term or short-term, you can always rent a private apartment to secure a stable income. The more amenities you offer, the better. Equip your basement with a bathroom and a kitchen to provide a separate apartment, and therefore increase the price. List your property on Airbnb, and you’ll have the cash flowing in no time.
If you plan to sell your house in the near future, this is a smart idea to consider. It increases the house’s square footage, making it more attractive for large families that seek comfort. Thus, your home will have an advantage over other properties on the real estate market.
2. Wine cellar
Wine enthusiasts will love the idea of turning their basement into a wine cellar. The temperature is ideal for storing your precious wine collection, so don’t hesitate to turn your basement into the perfect place for wine tasting and entertainment. Don’t forget to add a table for tasting to enhance the experience.
3. Private basement fitness studio
If you have an active lifestyle, consider adding a gym to your basement. This brings you so many advantages, as a home gym will save you time and money. Whether you are into lifting weights or yoga, you can quickly turn your basement into a private fitness studio.
Extra Tip: Add a large mirror to check if you have the correct form during workouts. This simple trick will also make the space appear visually larger and airier.
4. Crafting room
If you have a side hustle, consider turning your basement into a hobby room. It can become an art studio or a workshop, depending on your hobby. Many businesses started from a basement and grew into large and successful companies, so take advantage of the space you already have.
5. Home office
Nowadays, more and more people are working from home. This imposes the need for a private space dedicated to work activities. When you want to have privacy and put a clear line between your personal and work life:
- Turn your basement into a cozy and productive home office.
- Paint the walls off white and add wooden elements for warmth.
- Come up with a functional storage system in case you work with documents or product inventory.
6. Mancave for leisure activities
If you always wanted to have that dream man cave, consider upgrading your basement. Add a pool table, ping pong table, and a wet bar, where you can enjoy your favourite drinks. In no time, your newly built man cave will become your favourite place.
7. Laundry room
When designing your laundry room, ensure proper workflow and allow for plenty of storage space. Take advantage of the area under the stairs and turn it into a storage unit. Add light grey walls and pair with ceramic tiles laid in an eye-catchy pattern for tasteful aesthetics.
8. Playhouse
As your family grows, your home might not be enough to fit their needs. If you don’t like having toys around the house, consider creating a dedicated dream playhouse for children. This area will be their own private space, where they can play and explore for the whole day.
9. Movie theatre
If watching movies is the perfect Friday night thing to do, a private movie theatre would be the best pick for you. Add plenty of cozy seating space and a large built-in TV. not only will it offer endless entertainment options, but this feature will increase the value of your home.
Tip: If your home is located in a wet area, make sure to add a sump pump. When you have already invested in a basement upgrade, you need to protect your investment wisely.
10. Basement sauna
If you want to enjoy a luxurious experience in your own home, a sauna will be the ideal choice. Keep in mind that a sauna is no longer considered to be only available for higher budgets. Nowadays, anyone can have a private sauna and relax after a long day. However, you need to have a few things in mind before you proceed. The humidity and heat can cause mould, so you need to pay attention to the ventilation system and use only water-proof materials.
After going through these fantastic ideas, we are sure that you will make the right choice. Do you have any questions regarding your basement upgrade? Feel free to contact us to get professional help for your project!
