How A Basement Remodel Can Up The Value Of Your Rhode Island Home

Whether you’ve just bought your dream house in Rhode Island or been living in your home for a number of years, a basement remodel is something every homeowner should consider. Updating your basement in time for the holidays or planning a complete remodel is one investment you won’t regret.

Your basement area is wasted space if it’s left unfinished. Instead of leaving your basement unused, hiring a professional contractor for remodeling or refinishing lets you use this additional space for a variety of purposes — family room, game room, home office, or an extra bedroom.

Remodeling or refinishing your basement not only gives your home more functionality, it can also add value to your investment. With a competitive housing market, adding a bedroom and bathroom to the basement can make your home more attractive to potential buyers, whether you’re considering selling now or in the future.

Once you’re ready to renovate your basement, you’ll need to decide whether utilizing this additional space is best done with a full remodel or can be accomplished with some basic refinishing work.

Basement Remodeling

Remodeling a basement can be both extensive and time-consuming. Depending on the project, you may need to move walls, add electrical wiring and plumbing, and maybe even add a window to allow in more natural light. Remodeling projects are usually best left to experienced contractors, who have the skills and materials to meet all the requirements of a basement renovation.

The cost of a basement remodel can range anywhere from $10,000 for a small renovation to $30,000 for a full remodel that adds a bathroom and bedrooms to the layout plan.

Basement Refinishing

Less intensive than remodeling, refinishing your basement is more about making cosmetic changes, such as adding flooring or enclosing duct work, so the space looks more polished and complete. Without making any big changes to the layout of the basement plan, you’ll be transforming the area into a more livable space.

The average costs of refinishing your basement can be anywhere from $6,500 to $18,000, but will depend on each individual project. Some cost factors to take into consideration include:

• Amount of space you’re refinishing.
• Type of flooring.
• Types of fixtures.
• Materials, such as drywall, ceiling, and paint.

To learn more about refinishing your basement, contact a Rhode Island HomeAdvisor professional remodeling contractor. They can take care of all the aspects of a basement renovation from start to finish.

This Patch article is sponsored by HomeAdvisor