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A basement remodel can add equity. Since the value of a house is determined by its amount of square footage that is finished the basement is finished, it increases your square footage when finished, therefore, increasing the value of your house.

The second reason is that it expands the living area. Basements are typically identical to the main floor in most houses. Renovating your basement will increase the living space by approximately 33% in two-story homes, and even 50% for one of the ranches.

Third, it creates new opportunities for entertainment. There are plenty of possibilities you could do with your basement. There is the possibility of installing the wet bar or a home theater, a game room or even a personal fitness center.

It also helps to reduce entertainment expenses. You’ll be able to save money on transport as well as tickets, since you won’t need go to the theater. A gym at home is great option to reduce the cost of your gym membership.

For more benefits of renovating your basement, see the video above!

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