Of all the home improvement projects you may be considering, underpinning your basement and converting it into a usable living area could be the one that offers the best return on your investment. There are a number of reasons that basement conversions of this nature are so appealing to prospective buyers in all areas of the city, the most important of which we are going to cover below. In addition to making it easier to sell your home for a good price should you decide to move at some point in the future, underpinning your foundations will, of course, also bring a number of benefits for you to enjoy should you decide to stay.
Basement Underpinning in Toronto: The Financial Benefits
Among the reasons that this particular type of home improvement can be so rewarding from a financial perspective are the following:
- A Lot More Living Space for a Relatively Small Outlay – If you have a home addition built, you will have to pay for new walls, a new floor and a new roof. On the other hand, a basement conversion will significantly increase the living area in your home without any need to construct walls, a floor, or a new ceiling. This is one of the biggest reasons that basement underpinning in Toronto is such a popular choice among homeowners who want to maximize the ROI that they enjoy on their home improvements.
- A Space That Is Cheap to Cool and Heat – Underpinning your existing foundations will allow you to lower your basement floor and create a new below-grade living area. Because the space is surrounded by earth on 4 sides and the rest of your home above, it is very well insulated. What this means in practical terms is that it costs less to heat in the winter and less to keep cool in the summer: a fact that can make your property considerably more attractive to prospective buyers in all income brackets.
- A Stronger Structure – The process of basement underpinning in Toronto not only lowers the floor of your below-grade space, it strengthens the entire structure of your property, which can be a very attractive feature to buyers who take a long-term view of their property purchases.
- A Damp-Free Home – During the process of underpinning your basement, your building contractors will naturally attend to damp-proofing at the same time so any future buyers can rest assured that your home is fully protected in this respect. On the other hand, homes with neglected basements can be hiding a wide variety of below-grade problems that do not become apparent to new owners until they have been living in the property for some time.
To discuss the prospect of converting your below-grade space with a building company that has a great deal of experience of basement underpinning in Toronto, please do not hesitate to call or email us whenever you are free. We will be delighted to answer any questions you have and to prepare a detailed quotation for your consideration.