In a report that’s sure to be of interest to Hingham homeowners, the National Association of Realtors revealed that converting the basement into a usable living space is among the most satisfying on home renovations. Every year, the National Association of Realtors shares their Remodel Impact Report, which tracks both the Joy Score and Value Recovered of many popular home upgrades.
Kitchen and bathroom renovations have long topped these reports. These rooms quickly become dated,and upgrading features and fixtures to accommodate current lifestyle trends is a mainstay of the home remodeling industry. Basement renovations, on the other hand, are a relatively new phenomenon. While homeowners have always considered finishing the basement, it’s only with today’s convenient basement finishing systems that more and more people are beginning to avail themselves of all the possibilities.
Converting the basement into additional living space is an always popular option, in Hingham and throughout the region, because children are living at home longer than ever before and need distinctly separate living spaces. This can also be of interest to aging parents.
Of course, additional living space isn’t the only option for your Hingham basement. Some homeowners opt to create their own private gyms or home theaters in what was their basement. Many families use this opportunity to increase the amount of storage space available to them, which is used for everything from out-of-season sports gear to holiday decorations. Entrepreneurial types have been known to have their basements converted into a home office.
According to the survey, basement renovation achieved a 9.4 on the 1-10 Joy Scale, and recovered 69% of their value. That means they’re a smart choice for the Hingham homeowner.