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 Tuesday, May 26, 2020     Laurence Mongeau     Renovate and Refresh Your Space

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Maximize Your Investment on a Basement Reno Project

In this blog post, we explore how finishing your basement can offer a high return on investment. While some tasks like painting and flooring are DIY-friendly, it's best to hire professionals for specialized work like HVAC and electrical. Protect your investment by installing a quality subfloor to prevent moisture issues and improve insulation. To maximize value, consider adding features like a kitchen or bathroom, which increase functionality and appeal to potential buyers or renters.

Next Steps to Finishing Your Basement

A great home improvement project is finishing your basement. That’s because research shows it gives you a major return on investment, providing you great value for your money. Here are some pro tips to make the most of your makeover:

Know When to Hire a Professional

It can be tempting to DIY many basement reno jobs to save on costs and maximize your investment. Some tasks are simple for you to do, such as painting and flooring installation. But be careful—for specialized tasks such as HVAC and electrical it’s much better to make the investment and hire a professional to save yourself headaches and money in the long run.

Protect Your Investment 

A basement reno can be expensive, so you want to make sure you’re building on a base that allows the natural moisture in your concrete foundation to evaporate and not seep into your finished floors.  This starts with a quality subfloor which creates an air gap and barrier between concrete and your flooring, which allows the moisture to naturally evaporate without touching your floors, helping to protect them from mould and mildew, and even small water leaks. 

It also insulates against cold, hard concrete to keep your floors feeling warmer and softer to walk on. A quality subfloor that helps protect against the ever-present moisture a concrete basement floor emits, is a critical step in your basement renovation, and it can help you enjoy a comfortable basement year-round.

Plan to add Value 

When deciding on your new layout and what to include, prioritize spaces and projects that give you the best ROI. For example, adding a kitchen and three- or four-piece bathroom will make your basement much more functional. These updates are also huge draws during resale for buyers looking for a multi-family home or to use the space as a rental property. (NC)

Contact Laurence Mongeau 

Looking to buy or sell luxury homes in Burlington, Oakville, Hamilton, Milton, Ancaster, Stoney Creek, Waterdown, or Grimsby? Contact Laurence Mongeau, your trusted REALTOR® with over 20 years of experience, for expert advice on listing your home and strategic real estate solutions. Call 905-320-0773 or email homes@laurencemongeau.ca today!


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Leslie Quinsay
  July 12, 2024

Laurence is wonderful to work with and always goes above and beyond! She has helped us in both the buying and selling processes multiple times. Highly recommend.

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Gail Alteen
  May 28, 2024

Just want to say thank you for your hard work and dedication in getting my home sold. You were very organized, professional and honest. It was a pleasure to work with you.

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Clarissa
  May 27, 2024

Laurence is an exceptional real estate agent. She is professional, knowledgeable, and attentive to my needs. I highly recommend her to anyone looking for a great agent. Thank you, Laurence!

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Stephanie Bishop
  May 21, 2024

Laurence worked diligently at following up with each person who viewed the property... always available to let me know what kind of feedback she was receiving. No matter when, there is only one person I will ever deal with to buy or sell real estate, and that is most definitely LAURENCE MONGEAU!

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