Top 15 Home Updates #9

Top 15 Home Updates #9

#9 Basement Remodel!

Average return at resale: 90.1 Percent

  • The average basement remodel costs just over $51,051 and returns $46,010, so you’ll recoup about 90 percent of the cost.
  • What do you get for $51,051? A 20 x 30 entertaining area with wet bar, a 5×8 bath, recessed lighting and a laminate floor.
  • Finishing the walls is a must – but here’s an important tip: Keep dry wall panels a half-inch away from concrete floors, so they don’t show moisture.
  • Always fix flooding problems first. Add French drains, bigger gutters or re-slope the yard to keep water out. Test to make sure the fixes work before investing time or materials in a basement.
  • Want just the wet bar? Buy 10 linear feet of cabinets, a laminate countertop, a stainless steel drop-in bar sink and an under-counter refrigerator for about $2,500.
  • Cover concrete floors with an easy-to-install modular subfloor so floors won’t be cold. Add carpet squares with a traction backing for an amazing transformation.
  • In the West, basement remodels return 108 percent of cost, in the Midwest, 73 percent.

Basement

Isn’t this basement absolutely gorgeous?