Have you been thinking about turning that big open space below your house into a new and exciting finished living space? Here are a few things to know before you take the plunge.
Finished basements are very popular in Colorado. The average rate of return when you sell your home is about 75 cents on the dollar according to Better Homes and Gardens. Not only will you get more for your home, but you will attract more buyers with the added living space.
There are many companies in our state that specialize in basement finishing. Be sure to check the reviews on any company you contact for bids and always get more than one estimate. Also ask for references and actually call them. Usually contractors will have a photo gallery of past projects, but if not, be sure to ask to see photos of homes they have previously remodeled.
PERMITS PERMITS PERMITS. Make sure your contractor will be pulling all of the necessary permits along the way. If you are tackling the project yourself - be sure to pull permits with the City before you hammer the first nail. This is VERY important. Without City permits, the finished square feet will not be included in public records and potential buyers will be nervous about the quality of the work performed. It is also a very good safety measure whether or not you are planning to sell.
Light and Bright! Many basement are dark and gloomy. When designing your basement finish, be sure to include lots of windows and doors.
Which Way Out? Be sure to have an escape route via an egress window in the basement. This window needs to be large enough for you to escape out of and large enough for a firefighter to gain access to your house in full gear. Check with your city or county for current egress window requirements.
Breathe Free. Radon gas is fairly common in Colorado. This is a good time to check the levels of radon gas in your basement and incorporate a mitigation system into your basement before finishing if the levels are over the recommended amounts.
Be sure to take lots of photos of the project so you can document the before and after. You will be amazed at the transformation.
Image courtesy of phasinphoto at FreeDigitalPhotos.net
Aspen Lane Real Estate