Friday, October 2, 2015

Why Renovating Your Basement Has Become So Popular

In the last couple of years more and more people have been calling us and asking us to do a basement renovation. Not just a little clean up or remodel but a full gut back to the original studs and concrete walls, then remodeling it to the point were you can't tell the difference between the upper levels of the home and the basement. The level of fit and finish is as high in the new basement as in the rest of the home.

Why the increased interest in renovating the basement?

There are several reasons for the increased level of interest in the basement;

  • With the cost of real estate ever increasing people are less inclined to move out of the home that they already live in and the neighborhood that they have lived in and come to love and enjoy.
  • There is a shift in the market away from building larger and larger homes, people want to live in homes that are smaller and easier to take care of with lower carrying costs.
  • The renovation market as a whole is shifting to a younger clientele. That younger clientele still have families with children in them. As the children grow older the need for more space becomes imperative.
  •  A lot of basement renovations are to homes that are 20 years or older. The finishing's (if there are any) are out dated and there is usually a moisture or mildue problem. A lot of basement renovations come about because of the need for people to have some other problem solved in there basement.
  • With the extreme weather that we have been having in the last couple of years there have been a lot of water damage done to basements. Insurance companies have been paying out claims to home owners for the damage and the remuneration, this means that clients are coming to us with found money. This allows them to spend more money then they originally budgeted for on their basement to make it something special.
  •  The rise of the "man cave", a space separate from the rest of the house were the husband can go and relax. This is a natural fit for the basement, it doesn't take away from the existing square footage of the home.
  • While renovations are happening in the basements other problems in the house can be fixed because most of the systems and piping that run or supply the rest of the home come from the basement. This makes it a lot easier to adjust or exchange when the basement is wide open.
Basements are the next frontier for home renovations, done right and it becomes a place where your family wants and will spend most of its time. Gas fireplaces, surround sound, heated floors and increased lighting all help a basement feel like something other then what it is, the bottom of your house.

With what we can do in your basement there is no reason for you to have to move to increase your square footage by moving. Renovate the basement and make your happy home a larger one.

Rob Abbott
Village Builders Inc.

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