These days the basement of a home has become so much more than just simply a space to store goods that we don’t know what else to do with. Homeowners are increasingly moving towards finishing their basements as they seek to add affordable living space and functionality to their home while also increasing its long-term value.
All things considered, finishing the basement of a home is a great investment and generally a great idea for most homeowners, but it does not come without considerations and challenges.
Here are some things you need to seriously consider before starting a basement renovation project.
1. Moisture: Many basements, particularity older ones, can have moisture issues. Although it may seem troublesome to do so, potential moisture problems must be identified and rectified before renovations take place in order to prevent expensive future water damage. Be on the lookout for signs of poor moisture control such as the mold, water marks or exterior issues that may cause water to be deposited towards the foundation of your home such as eaves-trough or grading deficiencies. You will also want to take additional measures to fight against potential future water damage by including flooring with additional drainage in your renovation budget.
2. Permits: In most cases where significant work is being done, your local municipality requires you to acquire a building permit in order to finish your basement. If you neglect to obtain this permit in advance you may face a variety of unpleasant consequences such as costly delays in construction and even legal action.
3. Space and Structure: The space and structure of your basement must be considered before moving forward with any renovation plans. For example, does the tallest person in your home have enough space to comfortably lift their hands over their head? You must also be wary of structural defects such as cracks or damage in the footing, walls or slabs as these may require expert intervention before any work can take place.
4. Cost: The cost of a basement remodeling job can vary widely based upon the materials used but generally starts at about $25 per square foot in the GTA. As with any home renovation work, you should consult more than one contractor before making your decision.
5. Functionality: Last but certainly not least, you need to know what it is you want from your basement. What offers the most benefit to you and your family? Whether that is a gym, an office, a movie theatre or an extra bedroom, you need to give it some real thought before you start the planning process
There are many things to keep in mind before commencing your basement renovation and we can help you get a great start with our complimentary consultation process.
Bedroom in recently completed basement renovation.