Written by sitecontrol

The Suite Life: Why a Basement Suite Is Perfect For Your Grown Child

Is Your Home Growing With Your Family?

As your kids grow and change so does their at-home dynamic and lifestyle. Once they’ve gained independence at college or taken their first steps into adulthood, they need a space that reflects that. Not only that, but you may have been thinking of ways to convert their childhood bedrooms to another space to better reflect your new lifestyle changes as well.

Many homeowners use their basements for a variety of reasons. They store goods, do laundry, play ping pong or foosball. Sometimes basements aren’t even a finished space and are used as a hangout space or a place for old furniture. But often, basements are overlooked when it comes to liveable spaces, and this just may be the solution you and your grown kids are looking for!

Benefits of a Basement Suite Remodel

There are several benefits that come from converting your basement into a suite for your oldest, some of which include:

Sense of Independence and Maturity

Whether it’s shared with a sibling or still covered in childhood posters, your grown child has most definitely outgrown their childhood bedroom. Why not move that renovation into a space that is more independent?

A basement suite allows them to have their own space to decorate and maintain. Have them do their laundry, make their bed, dust, vacuum, and so on. This is their space, so they can take care of it. This will give them a good idea of what living on their own will look like while also giving them the independence they need.

Privacy For Them, A New Space For You

While they have this newfound sense of privacy and independence, you have the opportunity to convert their old room into a more usable space without the guilt of feeling like you are taking their space away. There is plenty to consider for this new space such as:

  • Home Office
  • Craft Room
  • Library
  • Study Space
  • Play Room
  • Workout Room
  • Guest Room
  • Extra Closet
  • Bedroom or Bathroom Extension

Additional Value to Your Home

Like any renovation or addition to your home, remodeling your basement to include a suite adds value to your home, and it won’t increase your property taxes too much. Like any other addition to your home, you will see a slight increase in property taxes, but it won’t be as much as if you were putting in addition above ground.

If you do end up selling your home later, buyers are always looking for functional space and are often willing to spend a little more on it. Buyers also love finished basements and additional rooms, which a basement suite would provide. So, if it came down between your house and another, this could be the buyer’s deciding factor.

Factors to Consider

Just like any remodel, there are things you should consider when remodeling a basement suite. Is there outdoor access to the space? Do you meet state regulations and codes? Will you need to reconfigure any electrical, plumbing, or drywall? As exciting as this process can be, adding a basement suite is a major construction project

Are You Ready to Renovate?

If you are ready to start building the basement of your dreams, contact Basements & Bars! We are a  team of experts that will work with you every step of the basement finishing process to turn your vision into reality.

For more information or to set up your free consultation call (314)-550-9160.

Written by sitecontrol

How Much Value Does a Finished Basement Add to Your Home?

Investing In Your Space

Many Americans are sitting on top of a huge untapped resource: their unfinished basement! Finished basements can add an immense amount of value to your home – both in terms of how much your property could appraise for and how much the lives of your loved ones can be improved. There are many benefits to having a finished basement in your home. Let’s take a closer look at how the value adds up for those considering a basement renovation.

What Factors Impact ROI?

According to HomeAdvisor, the average basement remodel can give you up to a 70% return on investment (ROI). In general, homes with finished basements usually receive higher appraisals in comparison to those without, but there are other factors that affect how much of a value it will be worth.

Here are some of the main factors that come into play when it comes to the overall value of your home with a finished basement:

Local Real Estate Market

You could have a beautiful home that is newly renovated in a great neighborhood, but if your local real estate market is going through a rough patch it will impact the rate at which your home is valued. This is completely out of your control, but it is something to consider when starting a major home renovation if you are looking to sell.

The city you live in may also impact how much your finished basement is worth. For example, in cities like Washington D.C, St. Louis, or Boston finished basements are very common and square footage is a premium. When in a competitive market where having a finished basement is common will likely increase your ROI.

Material Selection

When you are remodeling a basement it’s important to remember that it is additional space and not the main living space. It’s a premium to be able to update a basement and you should renovate it to fit your taste and lifestyle, but that doesn’t necessarily mean you have to splurge like a main space renovation.

Instead, you may opt for using more durable, reliable materials such as laminate or sheet vinyl flooring. This will save you money upfront while still raising your ROI.

Usability and Appeal

When finishing your basement it is important to have a plan on what it is you want to get out of your space. Your vision for this finished basement space is an important factor when deciding whether this is the right move for your family. Some of the most common ways to transform your space include adding:

  • Home office
  • Home theater
  • Bar
  • Guest room
  • In-law suite
  • Home gym
  • Children’s play area
  • Game room
  • Craft studio

Whether it’s a home office, home theater, guest suite, extra living space, or a combination of things, it should be a space that you can utilize. When a space is open, with natural lighting, and can be a space that is enjoyable to be in, your ROI will increase.

Are You Ready to Renovate?

As exciting as finishing a basement can be, remember this is a major construction project. A building permit is required. Throughout the process, electrical, plumbing, energy, drywall hanging, framing, and windows are inspected to meet code.

If you are ready to start building the basement of your dreams, contact Basements & Bars! We are a  team of experts that will work with you every step of the basement finishing process to turn your vision into reality.

For more information or to set up your free consultation, visit our website or call (314)-550-9160.