In the past, it was not uncommon for people to use their home's basement space for storage and a place for the washer, dryer, and water heater. But in this day and age, many homeowners realize that a basement can be converted to valuable living space if it is remodeled and finished correctly. A properly remodeled basement can add extra space as well as increase home value, so it is a win-win situation. If you're planning to remodel your basement in the near future, use the following tips to ensure that the project goes smoothly:

Set a Budget

The price to remodel and finish a basement can vary greatly depending on its size, materials used, and how you decide to use the space. The first thing you need to do when you plan to remodel your basement is set a strict and realistic budget. The last thing you want is to get midway through your basement remodel only to run out of funds because your plan was to ambitious. After setting a budget, meet with several licensed contractors to make plans, see how far your money will go, and get written quotes.

Pay Attention to Ceiling Height

It is not uncommon for unfinished basements to have low ceilings. While this may be okay when the area is rarely used, low ceilings can feel claustrophobic and uncomfortable in a finished living space. When making plans with your contractor, let him or her know that you want a portion of your budget to go towards ensuring that the ceilings are raised to a comfortable height. While this may cost a little more upfront, it will make the space more livable and can help increase the return you see on the money you spent since a well-finished basement will add more value to your home.

Keep the Space Open

Adding a bedroom and bathroom is not a bad idea when remodeling a basement, but try to avoid adding numerous small rooms. Doing so can make your finished basement feel small and cramped. It is in your best interest to dedicate most of the space to one large, open-concept room that can be utilized in several different ways.

Don't Forget to Waterproof the Basement

After spending your hard-earned money to remodel your basement, you do not want to risk a flood or major leak. During the remodeling process, make sure that every waterproofing measure available is taken to help keep your basement completely dry. A contractor like JL Clark Contruction should be able to assist you in choosing sump pumps or drains that can help keep your new basement safe from moisture.