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In our last blog (Basement Underpinning) we talked about the basement underpinning process and the costs and benefits associated with taking on that project. Once the basement underpinning process is completed, you are left with a blank canvas to design the perfect space to enhance your lifestyle.
Here we have some information and inspiration to guide you in your basement finishing journey, so you feel confident in moving forward with the next step of the process to create the home of your dreams.
Deciding How To Utilize Your Space
Basements can be the location for some of life’s greatest moments. Deciding what to transform your space into can become a difficult task. An entertainment space for family and friends, a new private gym space to keep up with your fitness, or maybe even your dream office to accelerate your career into new directions. Creating your dream lifestyle looks different for every individual, so let us make a space uniquely for you so you can continue living a life you love.
6 Ideas For Utilizing Your Space
Wet or dry, the addition of a basement bar is guaranteed to make you the favourite party host amongst your family and friends. While it may seem like something simple. A basement bar renovation is the missing piece to turn your mancave basement remodel into the best spot in the house. No matter the complexity of the work, TRT has your covered!
The ultimate cinematic experience right in the comfort of your own home! A home theatre renovation is the perfect basement transformation to elevate your space into something the whole family will love. From comfy recliners and a surround sound theatre system to popcorn machines for the perfect movie-time snack, you can pick the perfect features for you.
Basement Game Room
Basement game room renovations are one of the most popular projects chosen by Toronto homeowners to add to the entertainment value of their homes. Pool tables, poker rooms, pinball machines – A basement game room is the perfect renovation to bring out your inner child and make memories with your friends and family.
Transforming your basement into the office of your dreams is the perfect renovation for individuals who run a business from home, work remotely, or are simply looking to create a space to stay focused and motivated. Our team here at TRT Contracting can guide you through the design process to help you create a space to become your most productive self.
Tired of paying the ridiculous gym membership fees to go to an overcrowded gym where all the machines and weights are taken? Turn your basement into your own private gym and never have to worry about that again. Installing equipment personalized to you and your goals, your home gym will keep you motivated and have your fitness game on point.
Renovating your basement into a separate fully equipped living space is the perfect way to increase your home's market value and create additional streams of income. A basement apartment is one the best investments you can make in your home as it gives you the option to create rental income or gives you additional space to house visiting guests.
Basement Finishing Key Benefits
An unfinished basement has so much potential to transform into any space your desire. Investing in basement finishing and remodelling services will be one of the best projects that you and your family will reap the benefits from for years to come.
1. Boosts Home Value
Today more than ever, homeowners are looking for expanded living spaces; meaning home buyers prefer and are willing to pay more for homes with a finished basement. Basement finishing transforms your space into an incredible spot to make lasting memories with your family and friends and dramatically increases your home’s usable square footage. Home buyers want properties that they are about to invest in to have functional and complete living spaces.
2. Improves Ventilation And Lowers Energy Costs
By adding windows to your basement during your renovation process you allow the natural light to filter the living space, benefiting your health and wellness. Windows improve your ventilation within your basement which along with the addition of natural light, lowers your home’s energy costs.
3. Provides A Second Source Of Income
Once your basement is finished, you can transform this new living space into a rental unit and generate extra income. Your second source of income can be used for a family vacation, extra spending money, or to even lessen the burden of your monthly mortgage payments; either way, underpinning provides a great return on investment.
Basement Finishing: What's Involved
An unfinished basement is the perfect blank canvas for our team to turn your basement into a functional living space that you’ll love. There are a lot of steps that go into completing your finished basement, and while budget and the purpose of the space you are transforming all impact these steps, here are a few core stages that will be involved in your basement finishing process.
And Lastly, Basement Finishing Costs
Many times, basement finishing, and renovations are a cost-effective choice as the main framework of the house is already present, and little to no demolition is required. However, project costs will vary depending on the square footage of the basement you are finishing, the materials chosen, and the complexity of the design you are wanting to transform your space into.
The average cost to finish a basement in the province of Ontario typically ranges from $10,000 – $30,000 depending on how extensive the renovation is and the choice of labour and materials. However, for a larger basement of 1000 square feet, you are typically looking at a price tag of around $40,000 with the same factors impacting the renovation cost.
Depending on what the homeowner is looking to do with their space in the basement, project costs can increase and decrease dramatically. For instance, transforming a basement into a home theatre can range from $20,000 to $60,000, whereas creating a full-blown basement apartment can reach upwards of $100,000.