Basements are an essential part of your home for many reasons more than just extra space. When done right, a basement can be the “cherry on top” of the beautiful home you own, earning you money down the road.
Do we really know the value of a well-built basement?
Basement renovations can seem like a big job to conquer – and it should be, with its large size and constraints. But if you start thinking of it as an asset – a room or a space that can really add value to your home, it starts to become an investment vs a constraint.
Think of the possibilities of renovating your basement:
- A finished basement for a small family or couple in the right location can mean instant money in your pocket! You can create a whole new living space that can be rentable to others, giving you an added income!
- Home offices are becoming the norm in these days of technology. Create a space for your home office – away from your home, so to speak so you can focus on your home business.
- Your family is growing and so should your house! A proper playroom in the basement can help facilitate those cold Toronto winters and turn them into a fun place for your kids to go in their downtime.
- Your kids are getting older and no longer want to bunk with their younger siblings. A basement is a great place to give them the space they crave while keeping them under your roof!
There are so many possibilities when it comes to your home – a well furnished and finished basement can – by far – be your best asset when trying to evaluate your home or bring it to the next level!