Four Smart Tips to Save Money on Your Next Basement Remodel

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With the increasing cost of housing today, people are finding all the means to optimize their current living and adjust it as per their changing family requirements. One of such smart moves is utilizing their idle basement spaces and transforming it into a crucial part of the home.

Basement renovations have become the utmost need of the hour, and a lot of homeowners are spending a significant part of their finances on finishing this area, both for their comfort and better value of the property.

However, considering the scope of work involved in a basement remodeling project, it is something that many homeowners turn a blind eye to. Dealing with water and electric lines, adding insulation, and installing flooring is quite time-consuming and expensive; which is why many think it is not their cup of tea.

Now, if you are wondering if there is any cost-effective or quick way to add a finished basement to your home, the answer is ‘yes’. There are some amazing tips as per experts that can convert your basement into a usable space without breaking the bank –

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  1. Paint the Walls

A cheap, yet effective way to update the appearance of your basement and enhance the current texture of your walls is to use a new coat of paint. By doing that, you are not required to invest time and money in new drywall installation. Instead, a moisture-resistant paint does the same job of handling the dampness you encounter, but on a budget.

  1. Use an Open Ceiling

Suspended ceilings can eat up a major chunk of your finances. That is why many basement remodeling experts suggest leaving the ceiling open and painting it all black to the homeowners on a budget. Using ceilings to the lowest point can often take away the character of the space but is easily prevented by keeping them open. Also, if you wish to have easy access to mechanicals such as HVAC pipes in the future, open ceilings are ideal choices.

  1. Minimize the Number of Doors

Just like open ceilings, the concept of open floor layouts is a great way to save costs. If you are thinking how, then calculate the expenses on the door, doorknob, jamb, casing, and labor to set, trim, prep and paint. Fortunately, you can save all of this by eliminating the requirement of doors as well as walls. Plus, you will have a commendable space left for your favorite furniture pieces.

  1. Save on Flooring

A majority of homeowners hire remodeling professionals because of flooring issues. For people who don’t wish to spend so much money, an alternative way can be staining your concrete instead of replacing it entirely. Another one can be installing peel and stick tiles that are not only inexpensive but extremely durable. That way, don’t have to splurge on costly flooring supplies and still can create a warm and cozy look.