What type of condition is your basement in? It is an un-furnished area? Or, do you have an outdated and unappealing basement? Whether you’re looking to stay in your home for years to come, or just recently bought a home to renovate and sell, updating your basement through remodeling and waterproofing can significantly increase the value of your home.
Basement Remodeling Increases Home Value
A basement remodel will not only make your basement look more appealing to everyone who walks inside your home, but also creates a significant increase on your return on investment, when it comes to assessing the value of your home. Exactly how much can be a basement renovation bring into your pocket? On average, a renovated basement will increase your home’s value by 20%-30%. For example, if your home was apprised for $300,000, your new home value will be around $360,000 to $390,000! Those are numbers you can definitely support! Even though most home renovations will bring in more money and value to any home, basement waterproofing and foundation repair is one of the most significant improvements a homeowner can make to their livable space.
Your home is one the biggest investments your family will ever make, and it deserves to be taken care of. When you make the decision to protect your basement from outside elements and harm, you’re taking a step towards securing your investment for years to come. Regardless of real estate trends and prices, a basement waterproofing job or basement renovation will always be beneficial to your home’s value in Metro Detroit.
Why Does Basement Remodeling Increase Home Value
Why can a basement waterproofing and basement renovation project bring in so much more value and money to your home? Basement’s are typically additional livable spaces in Michigan, providing extra bedrooms, bathrooms, and recreational areas for the home. With so many people in Metro Detroit basing their home purchasing decisions on basement functionality, it’s important to make sure your basement is the best shape possible. When you’re looking to bring more space to your home, and don’t feel the need to break down walls, your basement’s space has the answers you are looking for.
Before you go into any basement renovation project, Tom’s Basement Waterproofing wants to emphasize the importance of ensuring that your basement is in the best possible condition to hold up your new livable areas. Basement waterproofing is vitally important to the longevity of any home, and even more important to basements that serve more as function than storage. When you’re ready to look into waterproofing and renovating your basement, give Tom’s Basement Waterproofing a call today! (586) 776-7270