A basement renovation is a great opportunity to make use of extra space in your home, especially if you have a growing family. Not only that, but statistically, a renovated basement can provide a higher return on investment upon selling your home. That is, if the basement renovation is done right.
Before you contact a basement renovation specialist to get the project started, get ahead by doing the following:
- Decide how you want to use the space. If you’re thinking about renovating your basement, there’s probably a reason behind it. Are you looking for a space to entertain? Do you want to create an income suite so you can rent out the basement? Once those factors have been decided, you can start filling out the other spaces according to your needs: a bathroom, guest bedroom, laundry room and/or small kitchen can accommodate a number of reasons to renovate a basement.
- Come up with a budget. Before you head out to the store to peruse cabinetry options and bathroom fixtures, develop a budget that you’re comfortable spending. Make sure your budget includes the price of material, labour, installation, and costs associated with decorating and furnishing your newly renovated basement. It’s also a good idea to have a contingency budget. A rule of thumb is to add an extra 10 to 20 percent to your budget for unforeseen circumstances. During a renovation, you may change your mind and opt for a more expensive fixture or tile. Perhaps a problem occurs during the renovation and extra funds are required in the process. It’s better to prepare than to find yourself worried about finances once the renovation has started.
- Examine structure and moisture problems. Supporting posts and floors below the sewer line can pose challenges during a basement renovation. When it comes to moisture, you won’t want to start renovating your basement until these issues are resolved (should they exist in your basement). That’s why it’s a good idea to have a general contractor inspect your basement before any work is started. Their expertise and suggestions can prepare you for the work ahead.
- Adhere to building codes. When you make changes to your home, especially when it comes to basement renovations, there are building codes that must be followed. They are in place to ensure the safety of all occupants. This includes smoke detectors, GFT receptacles and materials that prevent the spread of fire. That’s why it’s important to hire a contractor experienced in basement renovations. They have the knowledge and expertise when it comes to working within building codes and will know exactly what your basement needs upon renovating it.
- Consider electrical needs. There are so many ways to customize your basement during a renovation. Some homeowners opt to have home theatre systems, bars and playrooms installed. A general contractor will be able to advise you on what type of electrical outlets and wiring you’ll need – and where – before the drywall goes up. After all, the electrical work will need to be done at a specific time during the renovation. You don’t want to wait until it’s too late to make these accommodations.
- Consider lighting needs. Natural light is, well, naturally limited in basements. Walk-out basements can accommodate large windows, but if your basement is structured differently, you’ll have to compensate with lighting. An experienced general contractor can make suggestions when it comes to lighting and where different fixtures should to illuminate your new space. From wall sconces to pot lights and fluorescent lighting, you have tons of options to add that necessarily lighting into your basement.
- Assess your flooring options. When it comes to choosing flooring for your basement, this decision is more about what will last in a basement as opposed to what will look nice. That’s because you’re contending with humidity and cooler temperatures in comparison to the rest of your home.
Here are some options to consider:- Linoleum. This type of flooring is damp and fire-resistant. It comes in a variety of colours and is suitable for high-traffic rooms. If you’re using your basement for entertaining, or a place for the kids to hang out, this is a great option.
- Carpet. Since the basement is naturally cooler than the rest of the house, a carpet is neat way to keep your toes cozy. They’re durable and water-resistant. Plus, a lot of carpets on the market today are environmentally friendly and are increasing in popularity.
- Laminate. If you’re looking for a superior floor that can withstand wear and tear, then laminate is right for you. It perfectly suits basements, especially if your family plans on using the newly renovated basement a lot. Oh, and did we mention it looks just like real wood?
A basement renovation is not an easy feat. There are a lot of factors to consider during the planning. Thankfully, you don’t have to do it alone. Having a general contractor with experience in basement renovations can make the process that much easier. Give the experts at Grand Project Contracting a call. We can transform your basement based on your needs, while building a quality living space that includes lots of natural light and adheres to building codes.
