Many people consider moving home because their family is growing and they need additional space to live in. However the costs of moving can mount up, which is why some people look to expand their property rather than moving.
If you are fortunate enough to have a basement you may wish to consider converting it rather than looking for somewhere else to live. A good sized basement area could provide more than just one spare bedroom too. You might be able to add a further bathroom and perhaps even a games room depending on your requirements.
What are the advantages of a basement conversion?
For starters you can look forward to a higher property value if you convert your existing basement into a practical and usable room (or two). Providing the basement is finished to a good standard it could make your home more attractive and easier to sell as well. Even if you don’t move, a basement conversion can give you a lot more space, versatility and freedom inside your home.
It has also been discovered that properties tend to provide a better degree of insulation than a similar property without a basement. This shouldn’t be the main reason you focus on such a conversion, but it is definitely worth thinking about.
A practical alternative
When people consider expanding their current property, they tend to think in terms of an extension. However, you will likely need planning permission for this and it is not always possible – or practical – to go for this solution.
If your property has a cellar or basement already, all you have to do is convert this space into something usable. You already own the space so it makes sense to make the most of it. You don’t have to swallow up any of your garden or think about whether you could have a one or two storey extension. You might even be able to add a whole new floor if your basement covers the entire footprint of your house.
What can you expect to spend?
It depends on the property, the size of the basement and the finish that is required. Some people like to cost the entire project to be done by someone else, whereas others like the basic conversion to be done and will handle the finishing touches themselves. As a ballpark figure you can expect to pay anything from about £600 to £1200 per square metre depending on the nature of the project. Don’t forget, every basement is different and there are numerous factors to take into account.
The best way to get a rough idea of costs in your specific situation is to look for a quote. This will provide you with more information and you can start to get a realistic idea of what a basement conversion would entail. It will take you one step closer to the reality of enjoying a whole new area of your home, both now and in the future.