Basement Budgets: Where to Focus Your Cashflow
Rick St Laurent
August 24, 2021

Is it time to finally finish that basement renovation you’ve been putting off forever? If you’ve been procrastinating on finishing the lower half of your home, you’re missing out on a wealth of benefits that will not only add value to your property but also increase your overall comfort and enjoyment in your space. If you’re just about ready to pull the trigger and create your dream space on your lower level, but aren’t quite sure how to go about budgeting for your renovation, Peak Improvements has put together a quick list of tips to keep in mind. Read on to learn what you should keep in mind when budgeting for a basement reno!

Why Finish the Basement

If you’re still on the fence when it comes to finishing the basement, we hear you! There are plenty of families that put off basement renovations because of perceived cost elements, and even…simply not know what to do with all that extra space! The good news is, basement renovations are the perfect opportunity for dreamers to let their imaginations wander, and for even the most practical of homeowners to make the most of their current property.

Basements are versatile, unique, and have plenty to offer when renovated by a talented team with your needs in mind! As you begin to budget for your next project, a few key areas you’ll want to focus your cash flow on include:

Existing Issues

Every area of the home has its own unique challenges and typical problems you may encounter, and the basement is no exception. The difference is, as basements are often left neglected and undertreated, you may have more issues that need tending to upfront. Aim to address any foundation/structural issues, eradicate any sources of moisture, handle any faulty wiring or plumbing, and deal with any other issues that may arise on a closer inspection. From there you can look to deal with more aesthetic elements and have extra peace of mind knowing your home is safe as can be!

Insulation and Comfort

As any Albertan will know, basements are typically one of the coolest areas of the home, and without special treatment, can be quite chilly all year round. While this chill may be a welcome change during the summer months, drastic temperature differences between levels can be a drain on your home’s overall insulation factor and lead to higher energy bills, especially once winter rolls around. In addition, no one wants to be shivering when spending time in their home, so you’ll want to make sure that, no matter what you decide to do with your space, you make it as cozy as possible. From installing new flooring and more, there are plenty of ways to keep the basement comfortable all year round.

Build for Today and Tomorrow

Finishing the basement is a wonderful investment in your home, and as such, you’ll not only want to consider what you want today, but also what your best options for the future are. Those wanting to increase property value overall may wish to look at adding an extra bedroom or bathroom in the basement to make it ideal for guests staying over, or perhaps adding in an entertainment centre that will be the focal point of family nights for years to come. Whatever you decide, always build with your future in mind. After all, the best part of owning a home is that it’s yours to enjoy for as long as possible!

Create the Perfect Fit With Peak Improvements!

You deserve a home that meets your needs. If you’re ready to bring your vision into reality, Peak Improvements is here to help. Contact our team today to learn more!

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