Need more space? Before you start searching for new homes, consider a basement renovation.
Do you remember the excitement you had when you first bought your current home? You may have fallen in love as you had found your perfect place, or it may have been your first starter home. Either way, the excitement is unmatched. It’s the largest purchase the average person will make in their lifetime. But as the years go by, the house begins to wear and tear, making it feel stagnant, that newness and novelty fades – like an old relationship that needs some revitalization. Additionally, the house can begin to feel a bit small if your family has grown.
Often, when homeowners get to this point, the question becomes, do we buy a new house? Or work on the home we used to love? This answer doesn't come easy! Sometimes, a brand-new start in a bigger (or smaller) house ––in a different neighborhood–– may be what the doctor ordered. But, at other times, all it takes is a fresh new coat of paint, some new kitchen cabinets, backsplash or countertop or a complete make-over to fall in love once again. Whatever the case may be, we're going to share with you why we think renovating your home is the best way to go!
1. The home buying process is stressful and time-consuming on both sides! If you're planning to buy a house, most likely you'll be selling your current one at the same time. It can be quite a hassle when you're doing both. Finding a new home, getting financing, and then closing on the new home is stressful enough. Then you have the process of being a seller to deal with, which has its own set of steps to tackle (Obviously, homeowners do it all the time, but it's just something to think about if you're weighing all your options.). Whereas, if you choose to renovate your home instead, you'll only have to focus on one side –– falling back in love with your home!
2. You don't have to move. It can be challenging to let go of a home where so many memories were created and friendships within the neighborhood community were built. Maybe you already have the perfect yard, which may be tough to come by where you live, and the ideal distance from work that saves you time during the day. The point is, with a home renovation, you don't have to give anything up! You can stay where you are and transform your existing house into the home you always wanted. Right in the comforts of your own home!
3. Home renovations can save and earn you money. Depending on where you live, whether it's in a city or a high demand neighborhood, buying a new home can be quite expensive. Of course, home renovations can be, too, but what you'll avoid is paying a down payment, moving costs, closing costs, and the money you'll likely spend to fix up your new home the way you want it. And, let's not forget the selling of your current house! That would include realtor commissions, contingency fixes, and the seller's closing cost. As it’s a buyers’ market out there right now, you may find your house sitting longer than you’d like. By renovating, not only can you build more equity in your house and avoid extra spending, but you can put all your money where your home is!
4. Get what you want. It can be a callous and frustrating process when you can't find the home that meets all your needs. And, with a hot and competitive housing market moving as fast as it is, there's just no guarantee of what you're going to get. That's why we think home renovations is the way to go! Whether the improvement is in the kitchen, bathroom, basement, or simply (maybe not that simple!) extending or adding a room to the house, sometimes all it takes is a new look to feel in love and at home again finally. After all, home is where the heart is, and the heart is in you!
Now that we've added our 4 cents, we want to give you a taste of the perks of a basement renovation instead of overwhelming you with an entire house.
A basement renovation would:
Increase energy efficiency in your home. Second, to the attic, insulating a basement– walls, floors, and ceiling– is the next best place to reduce energy use and the loss of heat during the winters. Drywall, flooring, energy-efficient light fixtures and windows are just some of the basics of a basement renovation that would not only save you up to $400 annually on your heating bills, but your home would be more energy-efficient for the long haul. A well-insulated home both stays warm in the cold Alberta winters, and cool during the summers.
Increase the value of your home. On average, a finished basement will give you an investment return of 70 to 75% of the project. And, if you ever want to sell your home, adding an extra living space will increase your chances of attracting homebuyers and selling it at a more valued rate.
Add another room to your house. Whether it's an office, 2nd living room, bedroom, recreational room, hobby area, lounge or entertainment area for friends and guests, or just for added storage, the possibilities are endless with a basement renovation! There's so much potential and space to work with; you could even turn it into a rental unit (as long as it's conformed to the local fire code and all the proper permits are in place) to make some extra income.
Prevent potential water damage. Our Canadian climate and weather can be unpredictable, we can have summers that are bone dry, or we can have rainy months that flood out the whole downtown core. Basement flooding from rain and water damage is a serious problem and can cost homeowners thousands of dollars and unwanted stress. Finishing a basement with insulation and drywall also requires fixing previous water damage and waterproofing the external walls and the foundation floor. With that, your house becomes better protected from potentially ruinous water leakage either from a rainy summer, or the snow melt from a heavy winter.
Add space if zoning codes prohibit other additions. Zoning laws are stringent when it comes to lot size when a homeowner wants to build a new home addition. Renovating your basement may be the perfect solution if your lot size is too small for an expansion. Plus, you wouldn't be interfering with any zone restrictions.
And, this is just one room we're talking about here. Imagine what you can do to an entire house!
Reborn Renovations is an award-winning renovation company that has been excelling at basement renovations in Calgary, and renovating whole homes for decades. Restoring, repairing, refacing, or replacing something old with something new – is what home renovations are all about and what we excel in. Because we offer kitchen, bathroom and basement renovations, along with home additions––we know we can make you fall in love with your home again!