Increase Usable Square Footage

If you have a standard 1,500 square foot home, there is a good chance that you have another 1,500 square feet of usable space in your basement. Finishing your basement can nearly double your living and usable space. Doubling your living space will not only add more freedom, it will add more appraised value to your home. This will also appeal to future homebuyers looking for more space.

Add New Bathroom or Bedroom

Adding a new full bathroom or bedroom could lead to a significant value in your home. Adding a new bedroom or bathroom allows your home to be compared to other properties with more bedrooms an bathrooms for value. This will also increase the functional use of your property, which will ultimately appeal to future buyers.

Create Income Property

The third way that finishing your basement can add value to your home is by converting it into a separate income property. Consider adding a kitchen, bathroom and bedroom areas. Along with a walkout basement, this space could easily be converted into a rental unit. Ultimately this will add value to your home and also add steady cash flow if desired.