Advantages of A Finished Basement

by Donald F. Norton 07/14/2019

A basement comes with many benefits, ranging from being a relaxation area to a quiet space where children can play, or other noisier activities like drum practice. A basement serves many purposes. To many, the additional living space is more than enough reason to finish it. To others, it can serve as an extra bedroom or living space for visitors.

Here are advantages of having a finished basement in your home:

Extra bedroom

If you live in a small home, a finished basement can serve as an additional bedroom, either for you or guest. To consider a basement a bedroom, it must have at least two ways to exit the property. This is important in case of an emergency. To be a bedroom, you have to build a closet.

Home value

A finished basement adds to the value of your home. In the US, on average, finishing a basement certainly increases the worth of your home to over 75 percent of your investment. If you put invest $10,000 into finishing a basement, your home value would rise by as much as $7,000.

Multi-purpose space

Apart from the additional home value a finished basement incurs, it can also serve as a recreation space, storage or perhaps, a workspace. Many options become available the moment a basement surface in your home. All you then need to do is either decorate it yourself according to the purpose or call an interior decorator to put a professional touch on it.

Equity

For homeowners looking to build equity, a basement might just save you tons of money if you can finish most or all of the basement yourself. It doesn't matter if you outsource more complex issues, like fixing of electrical work or plumbing. If you can handle it yourself, you will save a great deal of money.

Additional bathroom 

If an extra bedroom isn't what you want, what about an additional bathroom? Having more than one bathroom in your home can be of tremendous help, especially if your home is getting bigger as more kids or guest come in. 

The only downside with adding a bathroom is the cost. It is more expensive than just putting up drywall for demarcation. 

The advantages of having a finished basement are many. It is left for you to discover an advantage that you can explore and focus on. It could be the extra space it offers, the value it adds to your property, or perhaps a strive to build more equity. Whatever be the case, discover and utilize it.

About the Author
Author

Donald F. Norton

Thank you for viewing my website, and why I hope you will choose me to represent you as your agent whether your buying or selling here in the Boston/North Shore area. A lifelong resident of Somerville, married to Patricia in 1967 and together we raised a small family, we owned our first home in 1972 a single family and our second home was in 1976 in the City Hall area of Somerville, we both have worked for the city off and on over the years, but together we got our Brokers license in 1977. With a small group of individuals we opened our first company in 1983, lower Broadway with Ross Blouin, Don Snow, Ron Marble, Roy Scarpato, Jerair Gharibian and Stan Koty we ran a successful Real Estate company till 1990 when we all broke up and decide to go on our own way, still maintaining a friendship the entire time.    In 1990, Patricia and I purchased the ERA franchise for the local area, that we kept for just about 20 years and then decided it was time to move on without the high cost of a franchise and to maintain the business on our reputation which was and is one of the best in the area. We pride ourselves on innovations and moving ahead of the business, being first in a web page using the internet to market homes, being one of the first to look at Buyer agency as a unique opportunity to represent clients interest in buying as well as our clients the sellers in selling. We are proud of our work, our long time in the business, lots of agents and brokers come and go, we are still here, one of the oldest companies to keep on moving ahead. I am also a state certified Real Estate Teacher, since early 1990's. I have taught at Somerville High Adult Evening School for about 18 years, successfully having a high success rate in students passing the exam. I am a member of the TAN network of broker/agents, Top Agent Network, which is an exclusive organization of only those agents who have obtained top sales over the years, I rank in the top 20% of the agents/brokers active today and have for many years. I have sold over the years, churches, shopping centers, large commercial and all kinds of residential properties throughout Massachusetts since 1977. I personally and as a broker/owner have never had a violation of Ethics or even a lawsuit for myself or our company. I teach our agents to represent clients in buying or selling a property as if it's their own transaction. We stand by our clients as if they were the only ones we represent.