Reigning in Your Basement Renovation Budget

Basement renovation Once you’ve planned out your dream finished basement, the price tag can be staggering.  Although cutting corners in construction to save money is a sure bet for problems down the road, reassessing your priorities can keep your basement renovation budget reasonable while still maintaining a high-quality basement remodel that you’ll enjoy for years to come.

In the end, the most important amenities will depend upon your intended use for your basement.  However, because some features are more costly than others, it’s advisable to think long and hard about which amenities you’ll get the most use from.

Basement Bars

If you’re a hardcore entertainer and regularly throw large get-togethers, a fabulous full basement bar may be just what you need.  However, if you only have guests occasionally, consider toning down your bar a bit.

The sink is the most costly component of a full bar, so if you don’t anticipate frequent use, you can cut costs by simply installing cabinets and a fridge.  This setup still allows you to serve drinks, but doesn’t require plumbing work.

Guest Bedrooms

A guest bedroom is frequently something you’ll only use a few times a year, such as for holidays or other special occasions.  If you don’t plan on having overnight guests all that often, a basement guest bedroom may not be for you.  However, if you frequently have guests or plan to expand your family, an additional bedroom may be just what you need.

Separate Rooms

The expense of doors, studs and drywall needed to create separate rooms quickly adds up.  Having one large space is much cheaper, so unless you have a specific need to close certain areas off, this is a feature you might be able to do without.

Downsizing

Many basements span the entire floor plan of the home, and are thus very large spaces.  It’s therefore entirely possible that you won’t need all of the space in your finished basement; just because it’s there doesn’t mean you have to use it.  Downsizing your plan will cut your budget, and you won’t enjoy your new space any less.

Purchasing Standard Sizes

Buying prefabricated, standard-sized cabinets and countertops avoids the extra cost of custom work.  If it’s possible to use standard sizes for these features, be sure to do so.

Are you currently undertaking your own basement finishing project?  If so, what factors influenced your final budget, and what are your own suggestions about reigning in your basement renovation budget?  Leave us your thoughts in the comment section.

Winterizing Finished Basements

winterWinter is now upon us, and brings with it increased energy usage and potential damages to your home.  Many homeowners overlook the basement when they winterize their homes, but this is an important aspect for many reasons, particularly in finished basements used as living space.  These tips for winterizing finished basements will help you increase your energy efficiency and avoid damages to your home.

Why Your Basement is Cold

Although your cooler basement may be a good thing in the summer months, it becomes a nuisance in the winter.   Basements are surrounded by the ground on at least three sides, meaning that the cold from the frozen ground is transmitted to the basement itself.  Hot air also rises, so your basement, as the lowest point in your home is naturally colder.  Further, most basements aren’t insulated, only compounding these problems.

A cold basement increases your energy bills and risks damages resulting from frozen pipes that burst.  Winterizing finished basements is particularly important, both because the basement is used is a living space and because water damage resulting from a burst pipe is more costly to repair.

How a Cold Basement Increases Your Energy Bill

The basement frequently houses some or all of a home’s utilities including the furnace, HVAC system, water heater, hot water pops, ducts and others.  These utilities use energy to make heat, and if they’re in a cold environment, they need more energy to do so.  This means that every utility housed in your basement is more costly to operate in a cold basement.

A cold basement also results in a cold floor and chilly conditions upstairs, meaning that you will raise the temperature in your home and subsequently increase your energy expenditures even further.

Addressing Energy Loss

Windows are a key source of heat loss in basements.  Replacing windows, especially if they’re north-facing, with energy-efficient windows can make a world of difference.  It’s an up-front investment, but it will save a substantial amount of money on your energy bills and increase your enjoyment of your finished basement in the long run.

Insulating your basement walls is also very helpful, although improper insulation can accumulate moisture and do more harm than good.  Check out our article on basement insulation for more information.

Winterizing Your Pipes

Freezing pipes are particularly problematic in Toronto finished basements due to our cold climate.  It’s thus very important to winterize your pipes to prevent the catastrophic water damage resulting from a burst pipe.

Simply increasing the ambient temperature in your basement through improved insulation and windows will go a long way towards preventing pipe breakage.  You can also insulate pipes with polyetheyleine or fiberbglass tubes to protect them.  On particularly cold nights, it’s also advisable to keep faucets adjacent to external walls dripping.

Taking some extra time for winterizing finished basements can cut your energy bill back dramatically and even prevent damages resulting from frozen pipes.  If you feel out of your element, your basement finishing contractor can also help to make your basement more energy efficient.

Over to You

We’d love to hear your own insights on winterizing basements.  Please leave us your thoughts in the comments section.

Is a Finished Basement for You?

services_basementsFinished basements dramatically increase your home’s usable square footage, and provide an excellent recreation space that you will enjoy with your family for years to come.  A finished basement is also a major selling point, and will increase your home’s value and appeal to potential buyers.

However, basement finishing is a big job, and isn’t a decision to be taken lightly.  Prior to moving forward, consider the benefits, and identify whether they are worth the time, effort and expense.

Benefits of Basement Finishing

 If you’re working with limited square footage, as many Toronto homeowners are, a finished basement is an excellent way to increase your livable space, and is also cheaper than moving or adding on to your house.  Basement finishing runs from about $30 to $55 per square foot, while moving or additions can cost $150 to $200 per square foot.

A fully finished basement provides an excellent recreational space, and is also great for entertaining.  Further, a finished basement increases your home’s value, and makes your home markedly easier to sell when the time comes.

Basement Finishing Cost

Any reputable contractor will tell you that basement finishing is costly.  You can generally expect a finished basement to cost from 10-20% of your home’s total value depending upon the basement size and extent of the remodel.  Any contractor that quotes much less than this amount is likely cutting corners and using subpar materials, so be leery of the lowest bidder.

Consider your personal finances, and also how long you anticipate staying in your current residence.  If you’re not in a great place financially or are planning to move in the near future, it may be best to hold off for a while.  You want to make sure that you’ll be able to enjoy your finished basement for a good long while, and to do so without going bankrupt.

Marketing Matters

Chances are that you will move eventually, and you should always consider the effects that any major renovation will have upon your home’s value and appeal to buyers.  The two main points to consider here are quality and usability.

A well-finished basement makes your home stand out from the rest, and is a huge selling point.  However, visibly shoddy work may be unappealing, as the buyer will be concerned about potential repair costs.  Additionally, be aware that specialty finished basements, such as a photography dark room or microbrewery, for example, may not have a broad appeal to potential buyers.

Over to You

If you’re the proud owner of a finished basement or are currently considering a basement renovation, we’d love to hear your own thoughts on the subject.  Tell us what pros and cons influenced your decision and offer up your own advice by leaving a comment.

Three Things You Should Know About Basement Finishing

services_basementsBasement finishing adds to your home’s usable square footage and resale value, allowing you and your family to enjoy your home more and making it easier to sell when the time comes.  However, basement finishing is a big job and shouldn’t be undertaken lightly.  Take these considerations into account before beginning.

Is Your Basement Dry?

Moisture and water damage is a major issue for finished basements, and even a small leak can cause thousands of dollars worth of damage.  One of the major issues with basement renovation Toronto homeowners in particular face is moisture because of our considerable annual snowfall.

Before beginning your basement renovation project, make sure that you’re ruled out water issues.  Outside of your home, make sure that the ground is sloped away from the foundation walls, and that the downspouts are functioning properly.  Inside, check the floor, ceiling, walls and drywall for any sign of water damage or mold.

Are You Up to Code?

Check your local building codes, and find out whether you need a permit for your basement remodeling project.  Also make sure that all electrical work is up to code.  Finally, if you plan to use your finished basement as an apartment, be sure that it meets all local regulations.  It may be advisable to consult with a professional basement finishing contractor at this stage of your project planning.  A well-qualified professional will be familiar with all local regulations, and will be able to check over any plans for electrical work.  Fortunately for basement finishing Toronto homeowners have many excellent contractors available.

Are You Within Your Budget?

Basement finishing can be quite costly.  Make sure that all aspects of your project are within your budget so that you don’t overspend or end up with an incomplete remodel that you can’t afford to finish for years on end.  Also be sure to leave a little “wiggle room” so that if things go wrong you’re not over your head financially.

A basement finishing project can be very rewarding if it’s well planned.  If you keep these considerations in mind and carefully plan your project, you’ll be well on your way to a finished basement you can enjoy for years to come.

If you’re currently involved in your own basement renovation project, we’d love to hear your input.  What would you recommend homeowners take into account before starting this project?  Tell us all about it in the comments section.

DIY Basement Finishing

basement-finishing-contractorIf you’re looking to make better use of your basement without breaking the bank, a partial basement renovation may be the best option.  You can also save money by doing part or all of your basement renovation on your own.

 Here we discuss some potential basement renovation options that will make your basement more inviting, but are also inexpensive and easy to install.  For a cheap basement renovation, you may also opt to only install some of the options and leave other features unchanged.

 DIY Basement Flooring

 The most important aspect for any basement floor option is that it be waterproof in the event of a flood.  This protects your investment and helps to prevent costly water damage.

Stained concrete is among the cheapest and easiest basement flooring options.  This involves prepping the surface such that it is smooth and doesn’t show seams using a sander and perhaps a thin layer of special finisher concrete, and then applying a specialized concrete stain and sealant.

If you’re looking for a more advanced but inexpensive option, laminate flooring is another potential basement flooring option.  Advanced amateurs can typically install laminate flooring, but if you’re inexperienced in home repair it may be best left to professionals.  For basement renovation Toronto homeowners have many excellent basement remodeling contractors available.

 DIY Basement Walls

 Simply painting bare walls can significantly improve you basement’s appearance, and the color scheme can be customized to your personal preference.  This is an easy job even if you’re fairly inexperienced in home renovation, and can usually be completed within a day or two.

For a more polished but inexpensive look, you can also use wooden side panels or house siding.  These options are typically a few hundred dollars, and are easily installed by intermediate amateurs.

 DIY Basement Ceilings

 Exposed ceiling are actually quite stylish at the moment, so a simple coat of paint could be an excellent finished basement ceiling option.  We recommend opting for darker colors that minimize contrast.  A paint sprayer might make this job easier.  Most local hardware stores offer fairly inexpensive paint sprayer rental.

If you’re after a more polished look, you can also install a drop ceiling, similar to those seen in office buildings and schools.  This is easily installed by most amateurs, but if you don’t have much home renovation and repair experience, it may be best to consult a professional.

We’d love to hear about your own DIY basement finishing experiences and ideas as a homeowner.  Tell us all about it in the comments section.

Finished Basement Amenities

services_basementsMost new homes are sold with unfinished basements, which are then used as extra storage space and as storm shelters.  However, you can turn your basement into livable space by finishing it.  This can increase your family’s enjoyment of your home, and also add value.

There is a basic set of requirements for a basement to be considered fully finished, including closed ceilings, flooring, wall covering, climate control and an independent exit, but additional features make your basement more enjoyable and practical for your intended usage.  These amenities may also make your home more appealing to potential buyers when the time comes to sell it.

If you’re considering a basement remodel, it may be helpful to think of which features you’d like to include for your family’s enjoyment of your newly finished basement.  Take a look at these finished basement ideas to help decide what exactly you’re looking for.

Bars

Many homeowners plan to use their finished basements for entertaining, and in this case a bar may be a great addition.  A bar can simply be a freestanding counter, but can also be built into a wall or contain a faucet and/or taps for dispensing frosty beverages of your choice.

Windows

Windows may be required by your area’s building code, but even as an optional feature they add a lot to a finished basement’s appeal.  They the space up visually, and let in ntural light.

Walls and Doorways

Depending upon your basement’s size and intended usage, walls and doorways may contribute to its practicality.  This can make your basement a true extension of your home rather than simply an enjoyable place to pass the time.

Bathrooms

A half-bath may be required by local building code, but either way a bathroom can make your finished basement more convenient and enjoyable.  This is particularly important if you’re considering renting out your basement to tenants.

Basement finishing is a big job, so it’s important to plan the project carefully and perhaps to bring in a qualified basement remodeling contractor.  Many Toronto basement renovation professionals are highly qualified, and can help you to create the environment you have in mind.