A Guide to Renovating Your Basement

26 Aug

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The basement is an extension of your house that is quite often dark, cluttered, and damp. With a touch of creativity and effort, however, it can be transformed into a functional space, such as an extra living room, a bedroom, a storage hall, or a game room. Not only will you have more living space, but you will also improve your home’s resale value and marketability.

There are many ways to renovate your basement without overspending.  Here are a few tips:

  1. The first thing to consider before renovating your basement is how you are going to utilize the extra space in your basement. Think about what functional space is lacking in your home. You can convert your basement into a gym, an extra bedroom, or even a play room for your kids. Come up with unique ideas for your basement that can benefit you for the long term.
  2. Make a list of jobs you need to complete and budget them individually. Common tasks you need to deal with include waterproofing, insulation, flooring, piping, and finishing. Determine the tasks that you can do yourself to avoid unnecessary hired labor expenses.
  3. Take accurate measurements of everything to make sure you don’t waste any money buying excess materials for flooring or furniture. Create a detailed floor plan and mark locations with electrical wiring, plumbing lines, and the location of fixtures.
  4. If your basement is damp, first control the water in the area. You can use drains, grading, waterproofing systems, and surface water diversion. Consider installing a dehumidifier, insulation, and ventilation to fight moisture, condensation, and mold growth.
  5. Look for pre-owned furnishings in good condition at thrift stores.  You may find the perfect item you’re looking for, or you may find something with the right shape or style that you can then re-finish or paint.
  6. Hire a professional contractor if working on it yourself is not an option for you. Transforming a basement is a highly specialized task. and trying do it all yourself could cause pricey mistakes and damages if you lack the proper skills.

Renovating your basement into a functional space is a good investment and ensures more value and quality to your home.  Explore the items above and immediately add living space to your home without having to build onto the exterior.

Jennifer Fields
Oklahoma City & Edmond Real Estate Agent
405.330.0031

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