A finished basement renovation is a great way to add value and functionality to your home. But, is that value contingent on adding a bathroom? Here’s what you need to know!
When we talk about adding value to a home, it’s important to keep in mind its current value, as is. This can help you understand whether you need something to boost the value of your home, or whether it’s as good as it gets. Often, an experienced renovation contractor can help you get a better understanding of your home's current value before committing to any big projects.
What affects the value of your home? It can change from market to market, but overall, value is decided by whether or not a buyer would pay more for certain features. Your neighbourhood, the finished status of your basement, renovations and general maintenance of your home can all affect your home’s value. For most buyers, an extra bathroom is always a plus.
When it comes to bathrooms, functionality is key. That means if you’re going to commit to adding a bathroom, it needs to be executed professionally and in accordance with regional building codes. To maximize the value of your bathroom renovations, consider high-quality long-lasting materials that stand the test of time and require minimal maintenance. Also opt for energy-saving fixtures like lights and faucets that would save homeowners on their monthly bills.
When done professionally, a finished basement with a bathroom can create a completely separate living space in your home, and the more well-done a bathroom is, the more attract buyers when it comes time to sell.
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Dan Smith, Oakville
