Increasing Revenue in Your Home by Finishing the Basement 

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There are many ways to add value to your home, and one of the most beneficial is by finishing your basement. Whether you have a finished basement already, or are planning to start building your own, there are a few things you should know. 

Bathroom projects during basement finishing can add value of your home 

One of the main benefits of finishing a basement is a second kitchen and bathroom. This increases usable space, adds amenities and boosts resale value. If you are considering remodeling your home, consider a basement finish. It can cost a fraction of the price of a major renovation, and can also add eight to nine percent to the overall value of your home. 

The first step is to plan your layout. You need to determine the location of the bathrooms and other areas in the basement. Also, consider how you plan to use the space. For example, a small apartment with an office, family room and workout room can be a great addition to a basement. 

Before starting the project, it is important to get all permits. Failing to do so could lead to fines. An expert remodeling contractor can help you obtain the right permits. 

Typically, ceilings in the basement are between 8 and 9 feet high. You may have ductwork or pipes in the ceilings. Depending on the area, lowering the ceilings can be an easy way to hide these items. 

Slow draining basement 

If you’ve noticed that your basement drain isn’t draining as quickly as it should, there are a few things you can do to solve the problem. While some problems may require a licensed plumber, others can be solved by a homeowner. 

The first thing you should do is determine the type of obstruction you’re dealing with. The most common clogs are made up of debris. You can unclog these with a

plunger. 

You can also try a baking soda and vinegar concoction. This will loosen up any sludge in your drain pipes. To complete the job, you’ll need boiling water. 

If you need help with blocked drains in Geelong, go online and find a reputable plumber and plumbing company to help with the plumbing services prior to completing your renovation. 

Creating a fully-functioning guest suite 

Adding a guest suite to your home is a great way to increase revenue. It can help you recoup some of the costs of building a new home. The added square footage can also be used for other purposes when the guests aren’t around. 

While it may be difficult to complete a basement finishing project on your own, you can often find contractors who can walk you through the process. This may be the best bet if you’re looking to maximize your return on investment. 

Creating a fully functional guest suite in your basement is the perfect way to entice friends and family members to visit. You can also make it a social gathering spot. 

A good start would be to install a full or half bath. Another option is to build a detached guest house. These are especially helpful if you have an elderly or disabled family member. 

Having a guest house on your property is a great way to generate cash flow and save on rent. It also allows you to live more comfortably and in style. 

Creating a walk-out basement

A walk-out basement is a home feature that can increase the value of your house and offer more space. It can also be used as a rental unit, which helps you earn additional income. But before you make the decision to build a walk-out basement, you need to understand the pros and cons. 

The most obvious benefit of a walk-out basement is that it provides significant natural light. This makes the basement more inviting and helps improve mood. 

Another benefit is that it provides easy access to your backyard. You can create an outdoor seating area with chairs, tables, and a patio. 

One downside is that a walk-out basement may be more expensive than other options. If you are considering adding a bathroom, this can be a good investment. Adding an extra bedroom or bath will also increase the square footage of your home. 

Walk-out basements can be constructed on both level and sloping lots. They don’t work well on non-sloped lots because soil loss can occur.