Expand the home without ever adding another square foot
Posted on Friday, December 30, 2011 at 11:03:59 PM
Many homeowners are expanding their usable space by transforming the basement into a living space. It is a functional addition that may be a worthwhile investment for a homeowner to consider. Residential lending for these types of projects are on the rise.
Finishing a basement is a less expensive expansion option than an addition. With new technology and materials, the traditionally damp and dark space in the home can become something more.
The average basement remodel project costs about $68,253 in New England, according to The Remodeling Magazine. A homeowner can expect a resale return of about $41,919, that is approximately 61.4 percent investment that your home will be worth more with the space than without it.
It is project like these that offer homeowners the opportunity to create a unique and functional space that will fit their needs and offer value to their homes. As families grow and require more space, a finished basement can be the solution to any fun or practical needs they may have.