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Add value to your home with a finished basement

Posted on Thursday, May 3, 2012 at 6:13:12 PM

Sometimes a home can feel a bit cramped. Consider increasing the usable space of your house without the expense of an expansion. With the proper design, you can add the rooms you’ve always wanted.

"Finishing a basement is one of the best ways to add livable square footage to a home, while substantially increasing its value," Vincent Carneglia, owner of VCG Construction, told Modern Home Guide.

Here are three reasons to use home improvement financing to finish your basement:

1. Value.  A properly remodeled basement can entice potential homebuyers down the road through additional usable space. If the living room upstairs is a bit small or there is a lack of a guest bedroom, implementing those features downstairs can make up for a lack of space.

2. Income. According to UpscaleDownstairs.com, basement apartments are a great way to gain extra income. Many basements rent at 75 percent of the cost of a homeowner’s monthly mortgage.

3. Entertainment. Do you love to play pool? Or, do you enjoy hanging out with the guys, watching movies on the big screen or serving up a sweet cocktail? Having an entertainment area in the basement removes the noise and mess of parties from the rest of the house.ADNFCR-16001052-ID-800768332-ADNFCR