BASEMENT REMODELING NJ

Does your basement feel like a dungeon, a place that you avoid except when you need to head down there to retrieve boxes of holiday decorations or other items you only use occasionally? It doesn’t have to be that way. Remodeling your New Jersey basement can turn that dark, dank area full of spiders where your cat likes to hide into an eminently usable space that will increase the value of your home. Renovating this underused area of your home gives you myriad advantages that will make you wonder why it took you so long to do it. A finished basement offers many different possibilities that will make your home more enjoyable, from a secluded hideaway to a savvy entertainment room.

Benefits of a Basement Renovation in NJ

Working with reliable and experienced basement remodeling contractors in New Jersey will provide your home with a new character as it will give you additional livable space. It may also become appealing to potential buyers searching for homes for sale in NJ. The following are some of the most significant benefits of basement renovation in NJ.

Basement Renovation in NJ

1. Boosts Resale Value
A finished basement boosts property value because you have more usable space. No matter what you decide for remodeling your New Jersey basement, you’ll have a warm, clean space that can work as an additional or primary entertainment area, an additional bedroom for guests, or even a small apartment that you can rent to potential tenants. Such changes can significantly boost your home’s resale value. At the same time, your home may also become easier to sell with even simple extras that an office or a playroom will bring. Staging your New Jersey home to showcase these rooms will be helpful during the selling process. 

2. Better space utilization and efficiency
Instead of bare posts and a haphazard collection of shelves to store seldomly used items, a basement renovation in NJ will lead to better utilization of space and increased efficiency, not only in terms of how you use your home but also in terms of how you use your home also in energy efficiency. A finished basement leads to overall better energy efficiency because the renovation will add insulation, drywall and other elements that help keep warm air in during the winter while keeping it out during the summer.

Space utilization improves as you can have a designated area for storage along with rooms that you really need, such as an extra bedroom or a bathroom. Basement renovations also work well with open floor plans that are popular on the main level of your home. The key is to come up with functional designs that take advantage of the space you have.

3. Accommodate relatives easily
Do you have family that visits frequently? Maybe you have an older parent that you would like to keep an eye on but still craves independence. A basement apartment, complete with cooking and living areas, can give everyone the privacy they want and deserve.

4. Let your imagination run wild
Popular culture has given much attention in recent years to man caves, and she sheds. If you have always wanted a room of your own but felt it wouldn’t fit in with the decor in the rest of your home, the basement is the place for it. As the basement is out of sight from the rest of your residence, you can do whatever you want and let your imagination run wild.

Cost of a basement remodel in NJ

Ideas for Remodeling Your New Jersey Basement

As we have already noted, contacting basement remodeling contractors in New Jersey to renovate your below-grade space into a bedroom and bathroom or a small apartment is a popular option. What happens, though, if you don’t have space or the budget to do anything extensive? Relax as you’ll find plenty of viable options. Consider some of these.

1. Home Gym
Your basement renovation in NJ is a perfect place to create a workout room tailored to your interests. Design your space to create that perfect environment for aerobic workouts, yoga sessions, strength circuits, etc. Install the appropriate floor for your workouts and make sure that any heavy equipment sits on the proper rubber matting.

2. Home Theater
Spend movie night in comfortable recliners with a home theater. Many basements have few and sometimes no windows, so you can easily create a darkened theater environment. Home theater systems come in a variety of price points to fit every budget. If you’re an audiophile, add a stereo system for the ultimate in listening enjoyment.

3. Wet Bar
If you love to entertain, the basement is a perfect place for a wet bar complete with wrap-around granite counters and bar stools. Add a small fridge for snacks and fruit used in drinks. This setup is also ideal for a wine cellar if you are a wine connoisseur.

4. Kids Playroom/Family Room/Craft Room
Wouldn’t it be wonderful to stop tripping over toys? When remodeling your New Jersey basement with designated areas for play and crafts, creating a family room can get rid of clutter in the main part of your home while maximizing enjoyment for everyone’s pastimes.

Cost for Basement Remodeling in New Jersey

How Much Does It Cost for Basement Renovations in New Jersey?

Let’s face it, a basement renovation in NJ can get really expensive, but it doesn’t have to be so. If you just want to get rid of the spiders, install a nice floor and have walls that aren’t concrete, basement remodeling contractors in New Jersey can achieve a basic job that will do wonders for the area. Here is what you can expect. The average cost of remodeling your New Jersey basement costs between $30 and $75 per square foot but can go much higher if you want to go all out and create an apartment with a full kitchen and a bathroom. For high-end basements, you could spend as much as $150 per square foot.

Size Matters and Elements Matter

Basement remodeling contractors in New Jersey will note that your total Cost of Basement Renovations depends a lot on how large your basement is. For a small basement of 700 square feet or less, the cost of basement renovations average between $25,000 to $52,500 plus. Medium-sized basements of up to 1,500 square feet can range between $45,000 to $112,500 plus. Large basements of about 2,000 square feet cost from $60,000 to $150,000, while remodeling basements of more than 2,000 feet can range anywhere between $60,000 to $300,000. At the lower end of the range, you’ll need drywall, painting, appropriate flooring and lighting, as well as some type of furniture.

A better indicator for basement remodeling in New Jersey is what you add to the space. Consider the approximate cost ranges for these popular elements:

  • Bedroom, $8,500-$12,500
  • Bathroom, $10,000-$35,000
  • Wet bar, $9,000-$39,500
  • Gym, $4,500-$25,000
  • Fireplace $2,500-$9,000
  • Home theater, approximately $300/square foot

Basement Renovation in NJ

How Much Does a Basement Renovation in NJ Increase Home Value?

Although you won’t recoup as much as you would with a kitchen remodel or bathroom remodel, basement remodeling in New Jersey will allow you to add about 50% of the total cost to your home’s value. Thus, if you spend $50,000 on renovation the area, you can expect to add about $25,000 to your home’s value.

Important Considerations

Basement remodeling in New Jersey has important considerations that are not always part of other types of home remodeling projects. The first is making sure you take care of excessive moisture, which tends to accumulate on levels that are below grade. Before renovating, take care of water leaks and make sure you waterproof the basement to avoid any problems with mold and mildew. Insulation isn’t enough. Ask about moisture barriers and make sure that flooring and other building materials are waterproof. Consider installing an extra drain in the lowest part to help remove additional moisture.

Carefully consider your floor plan or layout. Avoid making a maze of small rooms, which can complicate electrical wiring, plumbing and other elements. Consider half walls to divide large spaces into defined areas. Consult with your contractor on the best possible layout for your space.

Install adequate lighting. Most basements have few windows, and most of those are usually small, so you’re unlikely to get adequate light. Where possible, dress up windows and make them a design feature. However, more importantly, make sure your design includes proper light, especially in areas like stairways and hallways. Install sufficient electrical circuits and include a combination of general illumination, task and accent lighting.

Move or Improve NJWhy Move or Improve is Your Best Choice for a Basement Remodeling Project

We know you have a choice of many different, reliable basement remodeling contractors in New Jersey. With Move or Improve, you get more than just another experienced renovation contractor. You get award-winning design options and coordination from Neil Parsons, Jason Parsons and Andrew Parsons. We only work with high-quality craftspeople who will do the job right the first time. We also make sure to stay within your budget and give you the complete lowdown on whether it’s more cost-effective to move or improve your home. Contact us today for a consultation.

MOVE or IMPROVE? Call us NOW to discuss!

732.520.7737