A basement renovation done by an experienced, skilled remodeling contractor can yield many benefits. However, the ROI can vary depending on a variety of factors. Read on as we share a quick rundown.
Different regions have different real estate values that put a premium on usable square footage. In an area where houses with basements are popular, you can expect a typical basement renovation to generate a higher ROI than in areas where basements are less common.
Using premium or high-end materials will give you a bigger ROI than using cheaper alternatives. The same thing also applies to other kinds of home improvement projects such as bathroom remodeling. However, be careful not to overspend on materials; a basement doesn’t need the same finish as a living room or a luxury bathroom.
Even the layout of your freshly-renovated basement has an effect on ROI. This goes back to the concept of usable square footage. A basement with a wide, open layout will allow you to use the space for a wider variety of activities compared to one partitioned into smaller areas. The bigger the open area, the higher the ROI of your basement remodeling project.
Certain additions can further increase the ROI of your new basement. Extra egress windows, improved lighting and even installed sound systems and Wi-Fi extenders will increase the functionality of the basement and thus the ROI.
Get your basement renovated by certified experts. JLR Home Renovation is the leading roofing and siding company in Elizabethtown, Hummelstown and Hershey, PA. You can call us at (717) 361-6175 or you can fill out this contact form to request a quote.