Most homeowners have two options: build an addition or expand unutilized space by renovating the basement.
When considering an addition, make sure you are aware of a number of things: architecture costs, neighboring markets home value, timetable for completion, how much of your time and money you are going to invest, and disruption of your personal life. Also remember that the bones of the job - foundation, framing, roofing, and siding - are just a portion of your cost. The finishing details will also add to your final bill. According to Money Magazine 2002, a home addition can cost anywhere from “$150 to $200 a square foot”.
The easiest and least expensive method of adding livable square footage to a house is to remodel the basement. Money Magazine estimates the cost for remodeling your basement to be anywhere “from $30 to $75 a square foot.” With that low cost, you can nearly double the size of the habitable area within your house. With today’s basement specialty products, you can transform your unfinished basement into a bright, warm, comfortable and beautiful living area.
As you look into this project, find a reputable contractor that specializes in working with basements. Everybody has their niche, even carpenters, so find a reputable basement company that can work with you on your vision.
Being able to construct a kitchen or bathroom doesn’t mean a contractor understands the intricacies of the basement. For instance, basements are susceptible to mold and mildew growth because foundation walls are porous and inherently contain moisture. When renovating this space, a contractor should use “below grade” materials. The contractor should be using metal studs and a mold, mildew and moisture resistant wall and ceiling system. They should not be using anything organic. Remember a basement is a different environment, treat it like one!
These days, homeowners are enhancing their basements by adding home theaters, offices, bathrooms, play rooms, entertainment rooms and bedrooms.. According to a realtor magazine, the average length of time to finish a basement is 45-60 days. With today’s basement specialty products, you should be able to get this project done in less than two weeks. Homeowners really want the same look and feel as they do upstairs as they want downstairs. But with the same benefits that have been discussed.
As you venture into these projects, always take your time and make sure that you comfortable with the person you are working with. Make sure that they work for a reputable company that has plenty of references.
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