The Percentage of Finished Basements are Rising, Particularly Among High-End Homes Says Brothers Basement Remodeling
Industry: Home & Garden
Minneapolis, Minnesota (PRUnderground) April 20th, 2021
The vast majority of basements have unfinished basements or no basement at all. According to U.S. Census Bureau’s Survey of Construction, larger and high-end homes have the highest percentage of finished basements at 18 percent (with smaller homes around only 5%.)
Brothers Basement Remodeling in Minneapolis, Minnesota has a (somewhat humorous) mission to finish every basement in their city and surrounding areas. Matt Brown – says “It’s just plain wrong that people are buying these premium homes, and then a large portion of them isn’t improving their quality of life.”
That extra living space can be used as an extra living room, a recreation space, a guest bedroom, a teenagers room, a home gym, home office, sauna, theater or basement bar. Many owners of high-end homes choose 3-5 of these elements, and ask – ”how does making this investment increase the value of my home, and increase the quality of life of my family?”
Certainly – the answer to these two questions is becoming increasingly obvious, with the percentage of basements being turned into usable space going up the last couple of years.
To join the cadre of smart homeowners doing basement remodeling – HGTV shared, “The last annual ‘Cost vs. Value’ Report from Remodeling magazine put the average basement remodel at $61,303 with a 70.3 percent payback, which made it among the smartest redos, along with an attic bedroom, minor kitchen redo, deck, and new entry door.”
For more information, visit https://mplsbasementremodeling.com.
About Brothers Basement Remodeling
Brothers Basement Remodeling is a basement finishing company out of Minneapolis, Minnesota that prides itself on customer service, high-quality materials, and friendly staff.