How to add value to your home.
One of the biggest investment industries is the real estate industry. In the real estate market, the values of buildings are fundamental to buying and selling them. Residential buildings are the least complex real estate investments since value calculations are according to their quality, age and size. Basements have excellently added a feature that will add value to a building especially one going into the market.
While many of you are wondering how a basement conversion can add value to your home. There are two ways to evaluate basements, firstly from the original value, then secondly from complete basement adds to a house while going into the market. Recent research has shown that the value of a well-finished basement has the value of about half the value of the main house. When waiting for the sale of their property to go through and the sale is stalling, most homeowners do a thorough refurbishing of their basement and then give it out for rent. The average cost estimate for remodelling a basement is about £70,000 while the cost of newly constructing one is £150,000. Basements are no longer dark, mouldy, murky places beneath the house, modern construction work can now fabricate them easily. From man cave to laundry room, guest room, living space, office, wine cellar, etc. there is a lot to so with the basement.
New Basement construction
We have been talking about the benefits of having a finished basement space, but for homeowners who do not already. Have basements; a basement can be constructed and added to the house. From the construction of the foundations from the beginning, the basement will be considered and built accordingly. The average cost of constructing a new basement is about £1500.00 – £5000.00 per square meter. An average basement has about 70 square meter that leaves the average estimate at about £250,000 – £300,000.
The best options for constructing a basement.
After deciding to construct a basement, it is best to engage the services of a basement architect. A basement architect is a specialist with the technical know-how on how to construct a basement with the right proportions and materials. The basement will have regulation basement drawings and plans. This will ensure the basement meets the criteria. Once the basement has been constructed, a basement design specialist is your best bet. A basement design specialist will utilize the nature of the basement and optimize space and utilize the natural light in the design of the basement. Adding a well-constructed basement not only improves the resale value of the house, but it is also an investment in its own. Also, it improves the space and general structure of the house. It is best to work with professionals when constructing, remodelling or finishing a basement space to prevent bad jobs, faulty designs, and professional opinions.
For a free design consultation, please call us on 020 8099 8450. We also take enquiries through social media on facebook and twitter.