Common Myths about Finishing a Basement

Finishing a Basement

There’s no denying that the main levels of your home are the most important to focus on, however you shouldn't ignore the potential finishing a basement can add to your home. If you treat your basement like you would any other room in your home, this may become your family's favorite place to hang out. It’s no secret that 2020 created a new normal for Americans that meant more time at home giving homeowners the chance to remodel and improve their homes.

House projects were taken off the back burner, however, basement renovations aren’t often the first idea that pops into people’s minds when they think about remodeling their homes. This is typically because there are several myths surrounding basement renovations that aren’t necessarily true. To help you make the best decision with your home we have compiled some of the most common myths about finishing your basement:

Myth 1: Flood Risk

Basement remodels aren’t worth the money because of the risk of flooding.
It’s not uncommon for basements to flood, especially during big rains or rapid snowmelts. However, basement flooding and leaks can be easily avoided with the proper waterproofing. By installing a waterproofing system for your entire basement before remodeling, you won’t have to worry about flood risk when you finish your basement.

Myth 2: No Permit Required

Basement remodeling doesn’t require work permits.
People think you do not need a permit, and that it’s just a tax grab for the city and a waste of time/money. Your basement may be in the lowest level of your home and away from curious eyes, but that doesn’t mean you don’t need any work permits. A city or county inspector may stop by to check and see if you have a permit if they find out that there’s work being done in your home. If you don’t have a permit, the work that’s being done may need to be demolished and redone later. Even though the city is not liable for any work done, it is imperative you get a permit. They will make sure things are finished to code plus if you want to sell your home, you will have a tough time without a permitted basement. That said, make sure that you get the proper permits for your basement remodel before you get started.

Finishing a Basement

Myth 3: Dark & Gloomy

A finished basement will be dark and depressing, no one will want to spend time in it.
You may not have the biggest windows in your basement, but that doesn’t mean your finished basement will be dark and spooky. With the proper recessed lighting and wall color, you can easily make your finished basement light and cheery. You can also get rid of the scary ambiance many unfinished basements have by making your basement feel like it’s a part of the rest of your house including using similar furniture styles and flooring as the floors upstairs.

Myth 4: Minimal Value

Finishing a basement is a waste of money and you won’t get a return on your investment.
Basements have the potential to significantly increase the value of your property. A finished basement has a resale value of up to 77.6% because you can use it for a wide array of things. By finishing this space, you can add a significant amount of usable living space to your property including an entertainment space, family room, and even a rental.

The Optional Basement

Finishing a Basement

A basement is not only a great investment for your home but can allow your family more room to grow. Now that we have debunked the myths associated with basements here are five ways they can add benefit to your home:
1. Additional bedrooms
2. Additional bathrooms
3. Add space if zoning codes don't permit
4. Income property
5. Additional space for recreation, storage or guest space
6. Sweat equity

Visionary Homes offers a variety of home designs with optional basements in the floor plan. We understand what a home means to you. After all, a home isn’t just made of concrete, wood and bricks. It’s made of memories and moments—moments of a family playing together, a child taking that first step, a social gathering, a relaxing soak in the tub after a long day. A home is made of laughter, happiness and love. If you are interested in learning more about our floor plans, layouts, design studio or us as a builder please fill out the form below or call (435) 228-4702.