There are so many benefits to remodeling or finally finishing your basement. It can expand your comfortable and functional living space, add value to your home and even produce an additional income if you build a secondary suite.
Seven Pillars Custom Building in Edmonton is a full-service home renovation company. Renovating and finishing basements is one of their many specialities. They share how a basement renovation can pay off:
Nearly double your living space.
Having a functional basement can nearly double your home’s usable living space. You can create a basement design that best suits you and your lifestyle. Build a family room, home theatre, add bedrooms, a bathroom addition, home office, play room… the possibilities are endless! Seven Pillars Custom Building will work with you to determine the best use of your basement. They’ll create a design plan that will create a comfortable and functional living space you and your family will love.
Add value to your property.
Home renovations are a great way to invest in your property. Homes with finished or modern basement renovations will show better than homes in the same market without. This will be very beneficial if you ever decide to sell your home in the future.
The latest cost vs. value report on basement renovations from Remodeling shows that basements have a 70% return on investment. That is a great return compared to many interior home renovations. That means that if you spend $71,000 on a basement remodel you can expect your home to shoot up nearly $50,000 in value. Add that cost recovery to how well your home will show on the market, and you’ll see this smart home improvement can really pay off.
Receive rental income.
Some homeowners choose to build a secondary suite in their basement to assist with the mortgage and other living expenses. Having a well-built legal suite can generate a good steady income, to help supplement your finances. Basement suites are beneficial to homeowners, but they also provide good affordable housing in mature or central neighbourhoods. This is important in creating inclusive, diverse and healthy neighbourhoods. It’s a win-win!
Seven Pillars Custom Building can help you design and build a suite that meets building code and the City of Edmonton’s secondary suite requirements. This will ensure your suite is legal, protected by your homeowner’s insurance policy and that your property will attract quality tenants.
Basement Renovations in Edmonton
Seven Pillars Custom Building aims to provide exceptional customer service and outstanding craftsmanship. You’ll have a positive experience and will be happy with your choosing them. Custom satisfaction is their top priority. You’ll love your completed home renovation!