Renovating the basement provides you with a large and versatile living space to use as you wish. But that’s not all: this particular update can also offer a healthy return on investment (ROI). Just how big that return is will depend on a number of important factors.
- Location
According to Remodeling Magazine, a mid-range basement remodel may allow you to recoup up to 70% of your costs. This is assuming your project includes exterior wall insulation, painted drywall and trim, tile flooring and other essential additions, such as a bathroom and main area. However, that percentage may vary according to your location. For example, in urban areas where every bit of space counts, having a remodeled basement is valuable and will usually get you a healthier ROI.
- Choice of Materials
Most would assume that splurging on luxury materials in a basement remodel fetches an increased ROI, but that’s not actually the case. A reliable home remodeler would tell you that you shouldn’t update the space to the same level as you would a kitchen, bathroom or bedroom. Instead, use middle-grade but dependable fixtures and materials, which helps you save money, which in turn, allows for a higher ROI.
- Versatility.
We’ve mentioned before that a basement remodel provides you with an extra space to play with however you like. And the more versatile this space is, the better the possibility of an increased ROI. You should opt for a clean, open space instead of dividing the basement into several closed-off rooms. This way, the basement can serve double or triple duty as a play area, entertainment center or even home office, depending on the current need. The skilled and experienced team at STL Design and Build can help you make this possible.
Call Us Today
You may recognize STL Design and Build as one of the leading window replacement companies in the area. But if you want to transform your living space, such as the basement, you can count on us to work on it as well. Just give us a call at (314) 736-5800, or fill out this contact form. We’ll help you get started on your interior renovation. We proudly serve the areas in and around St. Louis and Maryland Heights, MO.
