If you have a dark, unfinished basement that is primarily used for storage or laundry, you might be wondering if it’s worth the time and investment to enhance the space prior to selling. After all, basements are versatile and can serve many different functions, all of which make them an attractive feature for buyers.
While finishing your basement prior to selling can serve as a significant value-add, recovering your entire investment can be challenging. Therefore, it’s often not recommended to invest heavily in a new basement, unless you plan on using it yourself for a few years before selling. However, there are many affordable upgrades and enhancements you can do to make the space more appealing:
- Enhance Your Lighting
You’d be surprised how much of a difference good lighting can make in a basement. Basements are often thought of as dark and gloomy, but good lighting can really help reshape a buyer’s perception. Switch to brighter LED lights. If you don’t have enough lighting fixtures, invest in some standing lamps or table lamps. If your basement does receive any natural light, make sure nothing is blocking the window.
- Add A Home Office
If your basement is already finished, staging a home office can make a significant difference. With so many people working from home, a home office is a necessity these days. You can easily find an inexpensive desk and chair and add in a bookshelf or some filing cabinets. A home office is a great way to demonstrate the versatility of the space.
- Partition The Room
It can be hard to make the basement appealing when it’s home to a water heater, washer, dryer, furnace, and other household appliances. If this is the case, you can attempt to divide the appliances from the remaining space with standing partitions or screens. Room dividers are very affordable and can make a big difference.
- Add Vinyl Flooring
If you’re looking for an easy and affordable way to cover up the concrete, consider adding some vinyl flooring. Vinyl is becoming a popular option for basement flooring — it not only looks great, but it’s also easy to install.
- Keep It Dry
The single most important thing a seller can do is keep the basement dry. Signs of water or dampness can be a major red flag for buyers, as it can signal more serious issues with the foundation. It might be worth investing in a professional to ensure the space is waterproof.
Sellers shouldn’t feel like a full basement makeover is necessary, but keep in mind a little work can go a long way. At the end of the day, you don’t want people to dread going down into the basement. Instead, make it a place that is inviting and accessible.