Finish Basement or Build New Addition

basement renovationWhen most home owners think of increasing living space, they forget that there is already space right below their house. If the space is already there, and almost every home has it, then why not use the space and take advantage of what you currently have rather than paying to create one from new.

If you are one of the more fortunate homeowners whose basement is high enough so that one can easily walk through without having to worry about hitting the pipes or the ceiling, then you may choose to finish your basement and take full advantage of the space you have beneath your home.

Today finished basement are very popular and most buyers prefer to have a finished basement. There was a time that basement were just used as a store room to accommodate you old furniture or junk that you never used. However, today finished basements are used for various purposes such as: family room, entertainment room, kids play room, guest room or even a separate apartment that can be rented out.

Today’s basements are also brighter than ever before.  Traditionally basements were thought of as dark and gloomy but now days with the use of pot lights you can make your basement very bright and pleasant. In fact if you are looking to use your basement as a place of gathering and socializing, it is recommended to use ample pot lights  to make it bright and open.

I have been asked the question whether it is more economical to finish a basement or build and extension. The most expensive aspect of adding space whether through finishing your basement or building an extension is the process of excavation.

As stated earlier if your basement has a high enough ceiling then finishing your basement would save you more than building a new extension. However, if your basement does not have a high enough ceiling, to finish the basement you needs to excavate the basement, which may run the whole width of your home, and that is a very expensive. In such event, it may make sense to build a new extension, even if you may need to do some excavation.

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2 Responses to “Finish Basement or Build New Addition”

  1. Harold@Indoor Fireplaces on June 16th, 2010 12:48 am

    It’s truly amazing how a small reminder like “hey, you still have some space down there!” can do wonders! I came across this post months ago and it hit me! I began cleaning out and remodeling my attic. Now, it has transformed into a very private study lounge! I never had the chance to thank you until I come across this page again. Thank you!

  2. basement on July 18th, 2010 11:44 pm

    I’d like to think that basement remodeling is one of the best investments a homeowner can make in terms of increase in quality of living and ROI if you’re ever going to sell.