In some parts of the US, basements are declining in popularity — but they shouldn’t be. While an unfinished basement might be more of a hassle than a treasure, a finished basement is a great addition to a home.
If you’re considering investing in one (whether that’s buying a home that already has one or finishing yours), you might just be making the right call.
Here are the great advantages of having a finished basement in your home.
1. The Versatility
One of the great things about adding a finished basement is the versatility of the space. There are many things you could use it for, including:
- Another bedroom
- A bar, if that’s your thing
- A gaming room
- A gym
- A home theatre
The list truly goes on and on, and it depends on your personal taste. Finishing a basement means you can decide what to do with it and look forward to the end result, which will be customized to your personal tastes.
2. Extra Storage Space
Extra storage space is one of the best benefits of a basement. Regardless of what you use the extra room for, you’ll have more place to put things which means the rest of your house will be less cluttered.
You can install closets or simply use the whole basement itself as storage space.
3. Save on Energy Costs
If you already have an unfinished basement, you should consider making it a furnished basement instead for the reason that it’s probably sucking up a lot of energy in the house. They’re dark and damp, meaning the HVAC has to work harder to regulate the temperature and keep the space comfortable.
Insulating it, at the very least, can help a lot with these energy costs.
4. Added Home Value
If you don’t intend on staying in your house forever — or you just aren’t sure — adding home value is a huge advantage.
When it comes to the competitive market right now, home value is everything.
5. Extra Guest Space
Even if you haven’t made the basement into a bedroom, it can be a great guest space when you have family or friends over, giving them their own private section of the house.
You could even rent it out for extra income if that’s your thing and you’re comfortable welcoming other people into your home. Airbnb is a great place to start.
Just make sure it’s comfortable for people. Add a scent diffuser (find more about this here) and some other home comforts.
A Finished Basement Has Many Advantages
The truth is that a finished basement has so many advantages so if you’ve been thinking about investing in one, it’s a great idea. You can do whatever you like with the space and you’re bound to save on energy costs in the future as well as add value to your home.
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