5 Common Myths About Finishing a Basement

Don’t let these 5 common myths stop you from finishing your basement. 

An unfinished basement is a world of opportunity! Many homeowners are hesitant to have their basements finished because they believe the task is too large, expensive or stressful. We’re here to tell you that, while completing a basement does cost money and is major work, it’s well worth it! Here are some typical myths concerning basement finishing that homeowners believe – and why they are just not true.

Do you believe in any of these misconceptions?

It’s Not Worth Remodeling Due to Flood Risk

Basement flooding is a common occurrence. It’s even used in TV shows as a joke or an incident. Basements frequently flood with heavy rainfall or quick snowmelt. Basement flooding and leaks, however, are fully prevented with sufficient waterproofing, even during these high moisture occurrences. You won’t have to worry about flooding if you build a waterproofing system for your entire basement before you remodel or complete it.

No Permit is Required

People believe that you do not need permission and that it is a waste of time and money for the city. Even if your basement is on the lowest level of your home and hidden from prying eyes, you still need work permits. If a city or county inspector notices that work is being done in your home, they may swing by to determine if you have a permit. If you do not have a permit, the work may have to be dismantled and replaced later. Even though the city is not accountable for any work done, you must obtain a permit. They will ensure that everything is completed to code, and without an allowed basement, you will have a difficult time selling your property. That being stated, be certain that you have the necessary permits for your basement makeover before you begin.

Finished Basements Are to Dark to Enjoy

Many homeowners believe that no one will want to spend time in a finished basement since it will be dark and dreary. You may not have the most windows in your basement compared to the rest of your house, but that doesn’t mean your finished basement will be dark or unappealing! You have control over lighting, wall color, floor color and other factors that influence how bright and cheerful an area is. Some people even like to include fireplaces in their completed basements, which can be a great, pleasant area to cuddle up. Integrating basement finishes, such as flooring and decor, with the rest of the house will make the basement feel more like an extension of the house or a downstairs rather than a basement.

There Isn’t A Lot of Value

This is the furthest thing from the truth. Finishing a basement and adding a new living room can increase the resale value by up to 53.3%. You’re effectively adding useful square footage to your home, which may be used for a variety of purposes, such as an entertainment space, family room, music or hobby room, game room or even a rental! The possibilities are unlimited, and in addition to being able to enjoy the space personally, if you ever decide to sell, you’ll receive a significant return on your investment. More square footage is always appreciated!

The Cost for a Standard Basement Suggested by a Company is Always Right

This one is a little difficult. When homeowners receive bids from providers, their natural tendency is to choose the cheapest choice. That isn’t always the greatest option. Often, this means that businesses are cutting shortcuts, utilizing inferior products or are not licensed and insured. That final one indicates that if something goes wrong during your makeover, the company isn’t covered by insurance. So, if a company claims to be able to build a basement for less than $20,000, you should do your homework. While you want to avoid spending too much (some companies will do this as well), paying too little is nearly always worse in the long run. We recommend receiving various quotations and speaking with the business in charge of the remodel. And we’re here to answer any queries you may have!

Valor Home Services provides a wide range of home renovation services, including basement finishing. We understand how important a home is to you. After all, a house is more than just concrete, wood, and bricks. It’s made up of memories and moments—moments of a family playing together, a child taking his or her first steps, a social gathering and a relaxing dip in the tub after a long day. A home is made up of laughter, joy, and love. Call our team now if you want to learn more about our floor plans, layouts, design studio or methodology.