5 Tips for a Successful Basement Renovation

Basement renovation adds both extra space and value to your home.

A renovated basement can be an additional bedroom for your family or guests. Or it can be turned into a playroom, gym, laundry room, home office or any space you ever wanted in your home

However, like most homeowners, you might be wondering where to start. It can be justified as basement renovation requires you to ponder over many things, such as:

How do you want to use the space? How much will it cost? What components should be added there? How to choose the right contractor for that? 

That’s why taking on a basement renovation project can be a daunting task.

Don’t worry!

This brief guide will tell you everything so that you can keep the process stress free and get expected results with your basement renovation.

Plan a Budget:

First of all, you need to create a budget for basement renovation.

Make sure your budget reflects how long you plan to live in your property. A basement renovation can cost you anywhere from $ 10,500 to $ 27,000. The additional cost of turning it into a space to live ranges from $ 6,500-$ 18,500. Enhancing or replacing existing features can cost $ 10,000 to $ 30,000.

Luckily, you can keep the cost lower by doing these things…

  • Avoid spending more than 15-20% of your home’s value on basement renovation.
  • Prefer open spaces over individual rooms unless you need a private space. Open spaces are cheaper than private rooms.
  • Don’t use organic products in basement remodeling as they are expensive as well as prone to mold.
  • Avoid using expensive materials like marble countertops or stainless steel appliances.

Choose the Right Contractor:

Always work with a reliable and experienced basement contractor. Ask your friends, family, and colleagues for reference. Also, check the past work, reference and reviews of a basement contractor before hiring. A good remodeler will provide you the value for your money and come up with many ideas to help you save money and time.

Determine the Functionality

Ask yourself—“What I am renovating my basement for?”

The point is here to know your purpose behind basement renovation.

Whether you are turning it into an extra bedroom or a play area, make sure to involve your contractor who can guide you on the design and functionality. Be careful with the stair restrictions, sub-floor construction, access to natural light and walls.

Think about Moisture Prevention:

Basements are highly prone to moisture caused by the trickling of water out of the walls, condensation on the walls and floor, damp or humid air, standing water on the floor, showers and dryers. From toxic mold to structural damage, basement moisture can lead to major problems.

Therefore, consider the things to prevent the occurrence of moisture in your basement. While the basics preventive measures can be exhaust fan and AC vents, you can work with your contractors to make your basement more moisture-proof.

Turnaround:

How quick should you expect your basement renovation work to complete?

Do you want the basement completed before any specific event or your guests’ annual visit? Make sure to discuss your concerns with your contractor.

This is because contractors have many jobs on their hands. If they know that your project has stiff deadlines, they ensure that their other jobs don’t affect that timeframe. Besides, make sure to plan in advance as changes in plan or shortage or labor can affect the work.

So these are the things you should consider before and during your basement renovation. As a result, you will end up with the desired and hassle free project.

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