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!