For many years, basements served as a valuable space for storage and family recreation. However, due to cost, basements are now becoming more of an option in new construction rather than an assumed need. Whether or not these spaces are worth the additional cost depends on your unique needs, financial situation and the location in which you live. Here are the advantages and disadvantages for you to consider if you are thinking about buying a new-construction home with or without a basement.
Advantages for Minnesota Basement Builds
If you are planning to have or already have a large family, a new basement in your Minnesota home can be a major advantage. Holiday decorations, kids’ toys and other household items can accumulate quickly, leaving your home feeling cramped. Basements can be used for storage, family recreation, play areas and fortresses of solitude to provide personal space, privacy and comfort. These spaces also provide a conveniently accessible space for your HVAC system and water heater away from more heavily trafficked areas of your home. Undoubtedly, one of the best reasons for buying a Minnesota home with a basement is the protection it provides during our severe weather season.
In the end, the best economic reason to buy a new-construction home with a basement is the ability to add equity to your home by eventually finishing off the basement, thereby adding value with the resulting additional square footage of living space.
More finished square footage = more appraised value!
Disadvantages for Minnesota Basement Builds
There are a few circumstances where new basement construction for your Minnesota home may not be worth the cost. New basement construction in Minnesota may not be feasible for individuals with mobility issues who cannot make it up and down stairs to access the space. Basements are definitely safe spaces to be during heavy storms but, unfortunately, can also be spaces that require diligent effort to deal with the inherent moisture and dampness issues.
In the end though, the disadvantages of buying a home with a basement are basically. . . nil. Put in a basement! You won’t be sorry.
Professional Minnesota Real Estate Advice You Can Trust
The decision for new basement construction for your Minnesota home can be nerve-wracking. It can be highly beneficial to seek help from an experienced real estate broker you can trust to
enable you to make the best decisions. Calumet Properties provides professional real estate consultations and advice on buying, selling, investing, and renovations. Call to discuss your options for maximizing your investment regarding a basement in your new home in Minnesota today.