Basement Remodel: Is the value worth the cost?

If you have an outdated or unfinished basement, you probably think about its possibilities.

Maybe you dream of using it as an extra living space for your family. Or perhaps you think it could add value to your home.

Whatever the reason, you might wonder if it’s worth it to remodel a basement.

• Will it pay off in enjoyment and/or when selling your home?
• How will it affect resale value?
• Should you hire contractors or DIY?
• And what else do you need to consider?

There’s a lot to think about! But this article will help you answer your questions. Below, we cover what you need to know to decide if it’s worth updating or finishing your basement.

Does updating a basement add value?

The short answer is yes. Not only does it make a home more functional, but adding finished square footage boosts a home’s value.

Extra bedrooms, bathrooms, and entertainment spaces can alsohelp with resale. If you’re selling your home soon, an updated basement can give your home an advantage over other homes.

But use caution. You probably won’t recoup the money you spend on it.