Your home is one of the biggest investments you will ever make. You take so much pride in maintaining the beauty and functionality of everything that makes your house a home. The costs to upkeep and maintain your home are currently on the rise. Today it is more important than ever to focus on home projects that will not only add value to your home.
When looking to add additional living space to your home, one of the most affordable projects is looking into a basement development. The average return on investment in Calgary for finishing a basement is around 90 to 130% and is a great way to increase the value of your home without the expense of an addition. There are a number of options to create a living area that can add value and appeal to any home with an unfinished basement space.
The basement is the most logical place to increase your living area for so many reasons:
- Location: It is already there.
- The pipes, ducts and conduit are already there.
- Your family does not have to leave during the basement finishing.
- No structural changes required
- Renovation waste and dust is confined to the basement.
- Your home has increased in value.
- Your basement space can be constructed so that it can become an apartment or an in-law suite.
Some homeowners still overlook the importance of getting municipal building permits when doing a basement reno (or any home renovation). The building permit is your insurance that the job is done properly and up to code. A good contractor will know that permits are required but don’t rely on your contractor to get them; the responsibility is with the homeowner to confirm they have been issued. Permits for a renovation are also important when it comes time to sell your home. Potential buyers may contact the municipal office for proof that the work done on your home included a building permit and final inspection by a municipal building inspector.