If you’re looking to boost your home’s value while creating more living space, a basement remodel might be the solution for you. These areas are often relegated to storage or laundry duty, but they actually offer great opportunity and loads of untapped potential. Whether you’re planning to sell or stay, investing in the downstairs is a smart move – it just requires some preparation and planning.

1. Clear Out the Clutter and Assess the Square Footage
This first step is an important one, especially if your lower level has gone ignored for some time. To gauge how much room you have, you need to dispose of unused items like toys, clothing and furniture. Then sweep out the cobwebs, open the blinds and take a good look around. Once you can see how much square footage you have to work with, you can determine how to make the most of it.

2. Address Moisture and Insulation Issues
Dealing with the fundamentals is key to a successful remodeling project. Basements are prone to moisture and temperature fluctuations, so you want to waterproof inside and out. Install proper insulation to optimize comfort and energy efficiency and use mold-resistant materials to keep the space healthy for years to come. Taking care of these issues early protects your investment and ensures a safe, pleasant living area.

3. Maximize Natural Light and Create a Cozy Vibe
One of the biggest challenges with basements is that they tend to be dark and enclosed. You can combat this problem with egress windows for improved light, ventilation and safety. As for paint, whites, creams and grays on walls and ceilings can produce a bright and airy effect. If it still feels shadowy, recessed or track lighting could make all the difference. Flooring like engineered wood or carpet tiles also helps warm up the space and is both durable and affordable.

4. Consider Value-Boosting Additions
Increasing your property’s worth does not necessarily require large renovations. Thoughtful storage solutions, such as built-in shelving, cabinets or a designated place for seasonal decorations, can reduce clutter and keep household items organized. Adding a bathroom, building out an extra bedroom or constructing a separate entrance would all enhance functionality and possibly even rental potential. Another benefit – these projects can be spread out over time, allowing for easier management and budgeting.

5. Repurpose for Your Unique Needs
If you’re open to more substantial upgrades, your best bet is to start with your lifestyle wants and needs. Maybe you’d like some entertaining options? If so, installing a media room for watching movies or hosting game nights would be a great idea. You could think about putting in a wet bar, a wine cellar or a full-on party zone complete with a pool table and lounge chairs for guests to gather and relax. Perhaps you’re tired of paying for costly gym memberships? You could save money and drive-time with a home gym or yoga studio. A dedicated office or in-law suite would also be excellent additions to any home – and are highly sought-after by today’s buyers.

6. Don’t Skimp on Your Finishes
As you’re putting in those important finishing touches, be sure to invest in quality materials that match the interior style of the rest of your home. Modern features like exposed beams, polished concrete floors and custom cabinetry can go a long way in elevating the overall design. And don’t be afraid to have some fun! This is the perfect place to try out some light and bright wallpaper, non-traditional furniture and funky fixtures.

Whether you’re wishing to maximize your home’s listing price or carve out space for entertaining, a basement remodel can deliver significant functional and financial returns. With the right approach, you can take your lower level from “just storage” to the most valuable square footage in the house.

6 Steps to Increasing Value with A Basement Remodel by Carma Stahnke | CB Blue Matter