Basement renovations in Edmonton effectively increase your functional living space and add value to your home. The last cost vs. value report for midrange basement remodels done by Remodeling Magazine showed that a basement renovation could add up to 70% of its price to the resale value of your home. That’s a good return on investment.
Peak Improvements is a full-scale renovation company that offers basement renovations. They share some basement renovation ideas that will add value to your home.
Add a bathroom
When buyers look at real estate listings, they add the number of bathrooms into their search criteria. So if your home has only one bathroom, adding the second bathroom in the basement is the most cost-effective way to reach buyers searching for two or more. Plus, having that second bathroom will be a significant convenience for your family in the meantime.
Add a bedroom or two
An additional bedroom or two in the basement will create options for versatile living spaces. You can use it as a bedroom, a guest room, home office, playroom, hobby room, or essentially anything you want. Just make sure you install proper egress windows in any bedrooms. Otherwise, they will not be safe sleeping spaces or comply with the building code for bedrooms.
Create a second living room
Your basement square footage typically isn’t included when listed for sale, but buyers appreciate seeing beautiful Edmonton basement renovations. In addition, having a family room or recreation room will add value to your family’s lifestyle. It creates a second place to relax, entertain, and spend time together. Future buyers will see the value in that too. It can be a space for kids to play, guests to stay, and add value to your property.
Build a secondary suite
If you don’t need the space yourself, consider building a secondary suite in Edmonton. An upgraded and legal basement suite will attract qualified tenants and produce a steady revenue stream. Use that money to pay off your mortgage, invest, or save for future purchases. Secondary suites are lucrative while you live in the home and when you sell. Investment-savvy buyers take interest in homes that have two legal dwellings.
Peak Improvements specializes in design-build home renovations. Their team will work with you throughout the entire process to ensure your vision is realized. Plus, with their “Guaranteed Price + No Surprise Contract,” you can trust that the plan and price given at the beginning will be the same when the job is complete.
Improve value and function with a basement renovation! Contact Peak Improvements.