When starting the design process for your dream home there is the option to finish the basement along with the rest of the home, or leave it unfinished. It is important to take into consideration your budget and construction time span when deciding between these two options. That is why we put together a list of the pros and the cons of a finished basement.
Increases Resale Value- A finished basement is attractive to prospective buyers because it is considered a “turn-key” home when selling in the future. Especially if other properties in the neighborhood do not have a finished basement, the value of your home will be higher.
Increases Living Area- A finished basement adds more livable square footage in your home without building any additions or bump outs. Finished basements have the space for additional bedrooms, a second family room, a workout space, etc.
Added Private Space- The space in your basement can be used as a quiet area away from the kids and chaos of the rest of the home. Or it can be transformed into a play room for the kids!
Increased Cost of Building- Finishing the basement will increase the final cost to build your home. If you are on a tight budget, a finished basement will be more expensive and therefore an unfinished basement might be the more viable option.
Time Consuming- Finishing the basement in your home is going to take longer than leaving it unfinished. It could take several more weeks to complete and if you are impatient to move in, this might not be the best option for you.
Higher Utility Bills- Using the extra living space in the basement will require heating, cooling, and lighting. Therefore, the basement will increase the home’s utility bills in the long run.