Not many homes in Devonshire have basements in the traditional sense, but lots were built with cellars and below ground areas that can be easily converted into a habitable living space. A basement conversion is a good thing to consider for number of reasons. It can increase the value of your home, improve your living standards, and give you more space to enjoy with your family.
Before you decide whether a basement conversion is a good investment, of course, there is the question of whether or not such a conversion will work. After all, a conversion is nothing more than a huge hole that needs to be dug up and put back into use as quickly as possible – but is this an area where you should make any large financial commitment?
Basement Conversion Considerations
While it is not the end of the world if your basement conversions turn out to be a failure, there are a few things you need to consider. Firstly, whether or not such a conversion is going to work in practical terms is probably one of the biggest questions most people ask themselves. The reality is that basement conversions are no stranger to problems. In financial terms, however, converting a basement into a usable living space can often result in a ten to fifteen percent increase in the resale value of your house.
There are many reasons why someone might want to undertake a basement conversion, however. One important consideration is if you want to transform an old basement into a bathroom or laundry room (or both). These types of conversions have relatively low costs and do not require any structural alteration to the existing structure, so they are ideal for those who do not have to make any drastic changes to their home.
Increasing the Value Of Your Home
Another area where you might want to consider a basement conversion is if you have an existing home that you would like to sell. This is where the conversion becomes even more desirable, as it means you can create a brand new, attractive living space without necessarily remodelling the entire house. A basement conversion, therefore, can be especially beneficial when compared to the other options available to you.
Of course, not every basement conversions is going to work out as well as you might expect. It is always better to err on the side of caution than to be left with an unwanted basement that has absolutely nothing to do with your plans for selling your home. To do this, you will first need to consult a local expert in the field (such as a contractor) who can give you expert advice and insight into the viability of a conversion.
Also, make sure that you don’t just jump straight into the decision to go ahead and start planning your conversion without consulting a professional. You may find that the whole project turns out to be a nightmare rather than a dream!