OVERVIEW

Basement conversions are a popular type of remodeling. Homeowners often turn to this type of remodeling to create space at a minimum cost. It is true that the cost per square foot for a basement conversion is one of the most economical ways to create livable space. However, it is rarely a good investment. Trying to recover the cost of a basement conversion on a real estate appraisal can be difficult. At best, a property owner is likely to break even on the expense. When compared to kitchen or bathroom remodeling, where the investment can result in a paper profit of appraised value, basement conversions are not wise. Even so, many people turn to these conversions when they need more living space.

If a person is seeking additional space at an affordable cost and is not intent on seeing a strong return on the investment, a basement conversion can be just the ticket. Remodeling contractors face specialized needs when working with basements. Ceiling height can be a problem. Support posts and beams can present trouble for a remodeler. Dampness is another common problem with basement conversions. Once the basic basement problems are dealt with, the remodeling work itself can be fairly easy.

TYPES OF BASEMENTS

There are three basic types of basements. Each type can require different remodeling tactics. A walk-out basement offers the most options for a viable basement conversion. Daylight basements rank second behind walk-out basements. A buried basement comes in last, but it still has potential...