Is Finishing Your Basement a Good Investment?

Many benefits come with a finished basement – whether personal, professional, or even financial. With a finished basement, the use is only limited to your imagination. Envision your home with an extra bedroom and full bath for guests, a work-from-home escape for your 9-5, a home gym to save money on memberships, a movie room for family fun, and much more. The possibilities are endless with a finished basement. Read on to learn some of the benefits of a home with a finished basement, as well as some of our favorite uses!

The Benefits of a Finished Basement

A finished basement adds square footage to the home, adding value and more space for overnight guests, a growing family, or other personal and professional uses. 

Adding Value to Your Home

With roughly 70% return on investment, adding a finished basement or investing in a home that already has one ensures added value to your home. This takes work off of the future buyer’s hands and makes your home more appealing to buyers. Investing in a finished basement could be a great idea if you think reselling could be in your future.

Multiple Uses

Living Space

There are many ways to put that extra square footage to good use. If bedrooms are limited and you plan to grow your family, a finished basement with a full bathroom would make for the perfect living space for an oldest child looking for more privacy and independence. Add a small kitchenette to expand your horizons even more – invite an aging parent to move in or even add to your monthly income with short or long-term renters. A walk-out basement with a separate entrance gives your guests or renters the freedom to come and go as they please. 

Entertainment Area

If you’re not looking for extra living space, turn the basement into a hangout for the family or a place to have friends over – a game room, a movie theater, a bar, or even a library. A finished basement can mold to your specific interests. You can use it to accommodate any hobby, like a craft room or a workshop – just set up your tools or supplies. If you’re tired of paying gym membership fees, invest in your own workout equipment and turn the basement into your own personal home gym. It could even be a quiet place to meditate and focus on your mental wellness. The choice is yours.

Work Environment

A finished basement could be the perfect WFH spot if you’d rather use the extra room for professional purposes. Sneak away from the family to a quiet place to get work done and take meetings without disturbances. Because of the separate entrance, a walk-out basement could even be a great way to conduct business from the comfort of your own home – separate work and play by seeing clients in the basement rather than the main level of your house. Creatives could also take advantage of the space by using it as a photo or art studio, complete with room for lighting or equipment.

Storage Area

 If additional bedrooms or work areas aren’t a necessity in your home, utilize the extra room for storage purposes. Basements are a useful tool for keeping all of your holiday decor organized and out of sight from the main living areas. Your basement can also be used to house out-of-season clothes, extra cleaning supplies, sporting or hobby equipment, non-perishable food items, camping or travel gear, pet supplies, extra furniture, and much more.