Helena Talbot’s blog – A Basement Remodel – Is It Worth It?

A basement remodel is it worth it? Yes! Most definitely! A basement remodel will give you about a 70%-87% return on your investment. A basement remodel is a great way to add living space to your existing home without the cost and hassle of having to build a room addition.

Basements are very common in the North and not very common in the South and West. So your return on investment will vary depending on where you live. If you live in the North, a basement remodel will generally bring you 15%-17% less on your return than if you were to do the same remodel somewhere else where basements are not as common.

The reason a basement remodel will give you such a great return on your investment is because you already have the structure in place. You have the walls, the floors and the ceilings. Additionally, when doing a basement remodel you can avoid having to deal with issues such as zoning restrictions and easement issues.

The biggest potential problem you could face with your basement remodel is moisture. You need to make sure that your basement does not have a moisture problem before you begin your remodel. Leaks, condensation or the potential of flooding must be corrected before you can even think about converting your basement.

If your basement does have moisture issues and you don’t correct them before beginning your remodel, you are just asking for trouble. It is much harder to fix moisture issues such as mold after they have occurred than it would have been to just fix them before hand.

Additionally, if you don’t correct your moisture issues before you remodel your basement, you could devaluate your home. Once your home has been labeled as having a mold issue, you will have a hard time selling it without having to jump through hoops.
Remember what your mother always told you “if you can’t do something right, then don’t do it at all.” This really applies in this case.

I hope you have found this information helpful. If you find that a basement remodel is just not practical for you, call your realtor and ask them for a list of available homes in your area. Your realtor would be more than happy to help you through the entire home buying and selling process from start to finish.

 

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburgAshburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

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