Four Steps to Finishing Your Basement

Dehydrate the space

The worst place to hang out is a damp and drippy basement. Inspect your basement first to be sure there are no obvious pools of water or leaks. A few more tests include:

Basement fix up

  • Inspecting for water or insect damage in the structure of the basement.
  • Repairing cracks in the foundation or around pipes; any crack wider than a pencil should be inspected by a structural engineer.
  • Taping squares of plastic sheeting to the ground and walls to see whether moisture builds up in a couple weeks; if it does, check the foundation again.
  • Checking to make sure the ground slopes down and away from your house.
  • Checking the carbon monoxide ventilation system.

Planning your space

Your basement needs the right balance of natural light and darkness for the entertainment space. A lounge should have sunshine, but a TV room should be dark for best viewing.

  • Be wary of adding too many rooms and doors — you don’t want your basement to feel like a string of rooms.
  • Bedrooms must have a window from which to escape in an emergency.
  • If you’re installing a bathroom or lights, be sure plumbing and electrical work is up to code. Indeed, all structural changes may need local approval.

Special rules for basements

With all the extra moisture, coolness and heavy-duty structure in your basement, the same rules aren’t going to apply below ground as they do above when beefing up the walls. Take note of the following guidelines — and make sure your contractor knows the rules, too:

  • A vapor barrier is key to a moisture-free basement; lay it on the walls and floors for a few days, and check for moisture before continuing.
  • Place your vapor barrier and foam insulation over the foundation walls and the stud frame, and install drywall on top of that. Your insulation may come with a vapor barrier on both sides.
  • Mold will grow on standard drywall, so use wall panels meant for basements.

Decorating the results

Once all the behind-the-scenes work is done, the fun part can begin: the interior! Here are some recommendations for a beautiful basement:

  • Consider adding dropped ceilings to provide easy access to electrical and plumbing lines. Check out the options at your local home improvement store; you’ll be surprised by how many handsome options you have.
  • Recessed lighting helps ceilings seem high.
  • Baseboard heating keeps your basement warm, and the rising heat warms upstairs, too.

Leave the space around your HVAC unit and water heaters unfinished so that it follows code. Plan on two to three feet around the equipment for the people who will be inspecting and repairing it.

Once you’ve finished your basement, you’ll feel like you won a marathon. Now you can fill it with your guests, kids and pets — if you allow them in your nice, new area!

Curb Appeal

Curb AppealDollar for dollar, no improvement has more impact on the future sales price of your home than dollars spent enhancing its exterior, also known as Curb Appeal. You’ve seen it on all the TV “fixer upper” shows, curb appeal is what brings attention to your home and many times can help raise its value!

Luckily for you, it’s also one of the easiest places to make a swift impact. A coat of paint, some landscaping improvements, shutters and planter boxes, neighborhood-appropriate fencing, and a decent lawn guy are all affordable fixes that will do wonders for the foot traffic you get when your home is on the market. And we all know once a prospective buyer is in the door, anything can and usually does happen. That doesn’t mean interior improvements and amenities don’t matter, because they do, but creating a wow factor before a prospective buyer steps out of his or her car is the biggest bang for your buck you can buy.

Is It Worth It to Improve Your Home or Move On?

Homeowners are faced with numerous decisions throughout the years when it comes to their homes and how to manage them. A home is one of the biggest investments you’ll ever make, so decision-making shouldn’t be taken lightly. A difficult decision homeowners face is whether to move to a different property or simply improve their current one. improve you home or move on
The answer is never black or white, but we’ve listed the variables that need to be weighed carefully. Your personal finances and the status of local markets are just two issues you will have to consider. Also, think about which improvements give you the most bang for your buck.

Before taking the leap either way, here are some factors to consider:

Thoughts on Selling

  • Current market conditions. Is your area flooded with homes for sale? What is the transaction time from listing to closing?  Is the market lopsided with more sellers than buyers?
  • Local factors. Are there new jobs coming to your city or are companies moving away and jobs decreasing? Will there be an influx of new residents or is everyone trying to sell quickly? Will new jobs bring higher incomes or is downsizing a problem?
  • Your home value. What is your home’s worth? Can you extract from it what you paid or will you sell at a loss? What is the lowest offer you can accept? Will you be able to offer any help with the closing costs?
  • Personal logistics. Can you afford to move to a new house while paying the mortgage and other costs on the first, or do you have to sell first and then move? How long can you continue to pay the mortgage, taxes and insurance on this property?

Insights into Renovation

  • Current market conditions. Will increasing your home’s size or features price you out of the area? Sometimes putting in high-end finishes can make your home worth more than what it will appraise for.
  • Local factors: Are buyers looking for homes similar to an upgraded version of yours in that area? Don’t create a forever home when buyers move to your area for a starter home. It will be hard to make a profit this way.
  • Your home value. You can quickly put in too many renovations and create a home that is worth more than what the area dictates. Take that into consideration when planning your remodel.
  • Personal logistics. If you ever plan to sell, these are things to consider. However, if you feel that you’ll stay in your home for years to come, improving your property might be a wise move.

There’s not a magic formula to determine the right steps for every homeowner, but using a local real estate professional can be a great start. They know the markets and can explain the best options for you.