Get Ready for Your Basement Renovation Project Wisely

Rolland 6 years ago 22

Do you know that you are literally sitting on a potential home improvement goldmine? And this wellspring that can significantly increase the value of your home with about 70{0769f9e165250301569ce67f54c3b81bedf5c586a0e9647f6b8ae1e655ecebb0} return is your ugly abandoned basement! Remodeling a basement into a liveable space ranks among the top 10 remodeling projects. According to the data, in 2017 homeowners could recoup almost two-thirds of their costs for a finished basement conversion. Basement renovation project can transform it into a large, beautiful subterranean living area, making your home more versatile and expanding the usable square footage. However, finished basement project can turn to be a serious and expensive undertaking. On average, the cost to finish a basement and transform into a livable space varies from $6,500 to $18,500. Basement remodeling projects that aimed to replace or improve existing features are pricier – between $10,000 and $30,000.

To save your time and money it is essential to get ready for your basement renovation project wisely.So, what steps should be taken to start out?

  1. Set realistic project goals that won’t bust your budget. The way you’ll use your finished basement dictates how extensive improvements need to be.
  2. Hire a respectful contractor with enough experience in basement renovations who would save money decreasing the risk of having to redo or tear it out.
  3. Engage professionals for a thorough inspection of the basement area. Stains, white powder, cracks and water leaks on the foundation walls and floor should be eliminated.
  4. Plan your project. Prepare design and quote of your finished basement with your contractor. Choose standard materials and fixtures, avoiding premium prices.
  5. Check the codes
  • Renovations that are not bound by codes typically include painting and woodwork, installing trim and basement floor installation.
  • Framing, plumbing, HVAC, insulation/fire stopping, and electrical work must be inspected by local municipalities and building
  • Get required permits
  1. Detect required works

– Waterproof your basement, add a drain

-Install Insulation

-Account for outlets and windows

– Plan electrical works

 – Check rough plumbing and fix water leakage

– Seal a basement floor

– Install basement flooring and ceiling

– Installdoors, trims or windows

– Renovate basement stairs

Keep in mind that you require a lot of technical inputs from contractors and even city officials. Besides, fixing mistakes may cost you a huge sum of money. Ensure that as a homeowner you establish good communication with the contractor.

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