The price of a basement renovation can offer more value per square footage than most other home renovations. Whether you’re upgrading an outdated basement or finishing a basement for the first time, a basement renovation is a smart investment. Broad Horizons Contracting Inc. in Calgary shares the benefits:
Additional Living Space
You can nearly double your home’s live-able square footage for far less money than a major home addition project. What you choose to use that space for is up to you! You can add more bedrooms for a growing family, a home theatre, rec room, a second bathroom, a playroom for the kids, home office as well as additional storage spaces. Broad Horizons Contracting will work with you to create a basement design that best meets your needs.
Increased Property Value
A finished basement will improve the resale value of your home. Not only is that additional living and storage space attractive for home buyers, it will actually increase your home’s selling price. Plus, a basement renovation is a good investment. According to the latest Cost vs. Value report from Remodeling Magazine, a mid-range basement remodel will recoup 70 percent of it’s renovation costs. Depending on the scale of your renovation, you could see a higher return than that.
Create Additional Income
If you can afford the space, building a secondary suite in the basement can give you a steady revenue stream. Many basement suites can be rented out at 75 percent of the cost of the monthly mortgage, quickly offsetting the upfront cost of finishing the space and assisting with your everyday expenses. A secondary suite will also increase your home’s resale value.
Why you should hire a professional renovation company:
If you already have an older finished basement that is dire need of an upgrade, this job is probably best left for professional renovators like Broad Horizons Contracting. You don’t really know what could be lurking behind those walls. Bad framing jobs, amateur electrical messes, leaky pips and hidden mold are all things you could discover downstairs. Hiring a professional basement renovation company will save you a lot of stress, time and money if there is a lot of plumbing, wiring and framing work to be done. They will also make sure all the necessary building permits are in place and that licensed trades are called to handle all those skill-specific jobs.
When you work with a professional company, they will help you with the design stage of your basement remodel, ensuring the renovation is complete in the most cost-effective and safest way. For example, they will know where to make any new window cut-outs making sure the walls can take the structural load. They’ll also know where the best place will be for a new bathroom or kitchen so you don’t end up running plumbing all through the house. You’ll have a basement design that increases the functionality of the space while making the actual renovation itself more efficient.
Not only do they renovate basements, they can also take care of all your residential and commercial renovation and damage repair needs. Contact Broad Horizons Contracting Inc. today!