Basement Finishing for your Lifestyle
Whether to create more living space for a growing family, to make room for guests, or simply to perfect the home you want to grow old in, a basement finishing will create the space that any homeowner could enjoy.
For young families, a carefully planned basement remodel offers the unique opportunity for the fast and economical addition of extra space in the home. If a homeowner would like to add an extra bedroom for a growing family or create a space for children to play in, the basement can provide a naturally safe, quiet, and secure location. And for young couples who enjoy company, it's a private and ideal location to set up a pool table, basement bar, or large plasma TV. A finished basement can be designed for enjoyment and utility, and it's a practical and sensible investment in the home.
According to the American Association of Retired Persons, nearly 80% of homeowners over the age of 50 plan to stay in their homes well into retirement. And in a separate survey of over 30,000 Americans of the same age, 77% point to the home as an important part of who they are, with 65% having plans to remodel or make improvements in the future. When someone has spent decades of their life invested in their home and it's well being, there are memories in every corner and cupboard that are too precious to leave behind. In this scenario, a remodeled basement is one of the best improvements possible, as it adds an entire floor of living space that can be fitted to any design you can imagine. There's no room in the house you can more dramatically improve than an unfinished basement!
And, surprisingly, a home renovation can be tax deductible! Renovating a home with accommodations for the elderly or persons with disabilities , according to IRS Publication 502 (see especially the section Home Improvements), can be an expense that can be listed as exempt when tax day arrives. The Exceptional Parent reports that to be deductible, the expense must be directly related to the diagnosis, prevention, treatment, mitigation, or cure of the disease and should be carefully planned and reported. Be sure to have your basement finishing expert help you plan out everything that you'll need to do beforehand to ensure that everything runs smoothly.
If you're remodeling in a home for a disability but you may want to sell the home in the future, Forbes recommends designing the home with a "universal design". Many accessibility features in a home, such as wide doorways, no-step entry to a house, lever door handles, kitchen cabinets with roll-out drawers, lower light switches, and reinforced walls that can support railings and grab-bars in bathrooms are all excellent both for the disabled homeowner and also for sustainable resale value. Attractive banisters and large, enhanced lighting, open bathtubs and showers can combine both function and comfort to a home as well adding appeal to all current and potential homeowners.
No matter what you're looking for in a basement remodeling project, Total Basement Finishing will be able to help. We can work with whatever plans you have, creating a healthy, warm space in your home that's just what you want. Our estimates and consultations are completely free and come with no obligation. If you'd like a free basement remodeling estimate, call or contact us today!
