Sometimes an in-law apartment is part of the overall plan for the home and family. In other cases, it’s a necessity that comes up unexpectedly.
Regardless of the reason, the basement can be an excellent location for an in-law apartment or suite. But to achieve this remodeling goal, you need to plan carefully and hire a contractor who specializes in basement finishing and remodeling –not a remodeling contractor who occasionally does basements.
The cost of a basement in-law apartment or in-law suite depends on many factors. If the basement has moisture issues, these will need to be addressed using proven waterproofing and dehumidification procedures. Because any apartment requires some sort of kitchen, bathroom and bedroom, your project will require plumbing, electrical wiring and built-in cabinetry. Also consider the cost of insulation and finished materials for the floor, walls and ceiling.
If these expenses seem daunting, keep in mind that by creating an in-law apartment in your basement, you’ll be significantly increasing the value of your home. According to “cost-vs.-value” surveys, real estate agents regularly rank basement finishing near the top of remodeling projects in terms of improving home value. A basement apartment is one of the most valued improvements because it’s more than just added living space; it can also bring in rental income. Keep in mind that adding living space in your basement costs about half of what you’d pay to build an above-grade addition.
Transforming an unfinished basement into an apartment or suite definitely qualifies as a major home makeover. If you’re working with a Total Basement Finishing contractor, you can be confident that all code and safety requirements will be met in this new space. You’ll also benefit from expert design consultation that will help you customize your basement apartment to suit the needs of in-laws or other residents. Check out some more basement space planning ideas. Here are a few design ideas for an in-law apartment:
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