Many of the remodeling projects homeowners do are not a great investment to your home. A finished basement on the other hand can be a great project to have and if done well can add value to your home. To finish a basement you have to first and for most make sure you have a dry, moisture free basement that has no leaks. Finishing a basement can add livable spaces for you and your family and can rid you of unwanted mildew that can affect your health. Making sure you have a leak free basement is the first step to having extra space you and your family can enjoy. Do you have a leaky basement that needs fixed? Call us for a free, hassle free consultation. We will be happy to talk to you.
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Whether you are an owner looking to invest in your property or a real estate professional working to help a seller, the topic of basement remodeling is sure to come up. Before beginning any project, it is important to understand what you want to get out of the remodel, what is possible on your budget and whether you will receive a return on your investment when you decide to sell your home.
Achieving a return on investment can sometimes be difficult. According to Remodeling Magazine’s 2013 Cost vs Value report, which surveys costs and resale values in 101 U.S. cities, remodeling projects typically do not achieve 100 percent return on investment. The good news is that nationwide, basement remodels are some of the best investments on average, with a return rate of 77.6 percent.
The following are three key considerations for you to keep in mind.
If you are taking a basement from unfinished to finished, you will have to take moisture into account. Any leaks, condensation or flooding will have to be dealt with before you start remodeling. This can be a large factor in your rate of return, because the cost to fix these issues can run into the thousands of dollars. If you neglect to deal with these issues first, however, you will pay far more in mold removal, ruined carpets and musty smells.
Mold can be a serious problem if it develops in your home. Mold will gradually destroy the area where it colonizes, and has the potential to create health problems for your home’s inhabitants.
Molds create allergens (substances that cause allergic reactions), as well as irritants and even toxic substances, called mycotoxins. Anyone inhaling or touching mold or mold spores can develop allergic reactions. Exposure to mold can irritate the skin, nose, throat, eyes, and lungs. Molds can also trigger asthma attacks in people with asthma. People with respiratory problems, allergies, or immune system deficiencies are the most susceptible to the dangers of mold. But mold can have an adverse effect on anyone.
Mold grows from tiny spores that are not visible to the naked eye but exist in both outdoor and indoor air. Mold can begin to grow indoors if it lands on a wet surface. The only thing mold requires to grow is moisture or water, and it can begin to grow indoors if it lands on a wet surface. That should tell you something about the hazards of a damp or wet basement.
What do you do when water shows up in your basement?
Record-breaking rains in recent days have left many homeowners asking that question for the first time.
“You can have a house for 50 years and not have a single drop in the house the entire time. But with how moist the ground is, the house can just settle and move a little bit and water can enter into the basement,” Dick LaCroix, whose company Basement Dewatering is one of several Sioux Falls area businesses that has been busy answering the phones in recent days.
Nate Proper, director of marketing and advertising at Blackburn Basement Systems, said people with flooded basements should first get any furniture and belongings to higher ground before water seeps into the basement and do what they can to stop the water from coming in, whether it be bailing or another method.
If water does enter the basement, Proper said water proofing companies can try to determine what needs to be done to prevent future flooding.