Did you just purchase a new home and thinking about finishing your basement? Everyone is spending more and more time at home these days and possibly need more areas of the home to live in. But what exactly are the advantages of finishing your basement right now? Consider these benefits:

Increase your home’s value.

Finishing your basement can be a good investment. According to cost versus value surveys conducted annually by Remodeling magazine, the average return on investment for a basement project nationally is currently around 75 cents on the dollar. There is almost as much demand for finished basements as there is for homes with modern kitchens and bathrooms. If you’re thinking of selling your home anytime in the near future, adding the extra living space will not only make your home more attractive to home buyers but will increase the value of your home.

More usable space.

If you’re stuck at home with extra family members and need more space to spread out or get privacy, it’s never a bad thing to add extra living space. Having a dedicated space that brings family and friends together can be invaluable but maybe you have kids that want their own space to play games, watch TV or have a place to hang with their friends. A finished basement is a great way to accomplish this, as this project can add 900 square feet or more of new living space to your home.

Now that many people are working from home, a home office may be in order. To make it a comfortable work space, consider installing products that reduce noise, give you sunlight and the ability for temperature control. If a bedroom is what you need more than an office, adding this space to your basement is always a good idea. It can be used for a guest, extra family member or a child coming back from college.

Air quality and energy efficiency.

Most unfinished basements are considered cold and damp but once you are done finishing your basement, you’ll be quick to notice how comfortable and inviting this space can feel. In the summer months, this area will stay cool, and in the winter it will be warm. Since a finished basement helps to regulate temperatures, you are less likely to find mold, pests, and other moisture in this area. The air quality is also much better in a finished basement than an unfinished one.  According to EnergyStar, depending on location of the home and whether you’re insulating the walls or ceiling, installing the proper insulation for each project can give you a return on your investment, with energy savings and lower energy costs.

These are just a few reasons why you should consider finishing your basement. The advantages far out weights the disadvantages.