Your Peterborough & Kawartha Lakes Basement Renovations Contractor
Almost every home in Peterborough & Kawartha Lakes has a basement. Many basements are unfinished, or have been renovated previously by DIYs and have been done improperly.
It is common to see poor basement renovations, with illegal electrical and plumbing work, along with many other deficiencies.
Renovating your basement with the same attention to details as the rest of your home will add vital functional living space and add much needed storage and utility areas.
The most common attraction to renovating a basement is adding an additional bathroom.
Whether it’s a large tub, or walk in shower, it can be a treat and add value to the home.
There are many other improvements to consider as well, including adding proper sub-flooring. This Video Explains Why We Always Install Subfloor Panels. Click Here To Watch
upgrading insulation, lighting, wet bars, built-in cabinetry, laundry rooms, and of course, the open concept.
Average Percentage Increase in Home Value
Adding value to your home is always a good idea. But how much value does a finished basement add?
A finished basement can typically add around 70% to 80% of its renovation cost to the overall value of a home.
This means that if you invest $50,000 in basement renovations, you can expect to increase your home’s value by approximately $35,000.
However, it’s important to note that this is an average estimate and the actual increase in value may vary based on factors such as the quality of materials used, and the purpose of the finished space.