AGM Renovations offers quality workmanship and uncompromising quality, recommended, and trusted by celebrity contractor Mike Homes. In the following article, AGM Renovations reviews the exciting new trends in basement remodeling, incorporating both utility and style.
Basements are often underutilized spaces in homes across the country, but they have a lot of potential. In 2023, there are a number of emerging trends for basements - the most popular functions are home gyms, home theatres, and secondary suites. For style, the emerging trends have included detailed ceilings, space separation, softer shapes, creative staircases, and more. The benefits of finishing/remodeling include more living space, increased property value, and improved energy efficiency.
Below, AGM Renovations reviews these trends and the benefits of finished/remodeled basements in more detail.
What Basements are Being Used for in 2023
In a post-pandemic world, homeowners have a new appreciation for the functionality and entertainment value of their homes. As a result, homeowners that are finishing an unused basement or remodeling an existing one are breaking away from secondary living rooms in favor of more
uniquely functional spaces.
Home Gym
AGM Renovations reviews that regular exercise is one of the best things people can participate in for mental and physical health. During the pandemic, homeowners realized just how beneficial it is to have access to workout equipment at home, and the rise in home gyms began.
Home gyms can occupy only a small portion of a basement to include a yoga mat and some dumbbells, or they can dominate the space with multiple machines and a wide variety of equipment types and meditation space.
Home Theatre
AGM Renovations reviews that a home’s ability to entertain its occupants is an integral factor in its value; it is easy to understand why home theatres are becoming more and more popular as a basement addition. Advancing technology makes it easy to project movies and tv shows onto entire walls with high-quality projectors, and audio systems allow homeowners to create a movie theatre experience with ease.
Any family that loves to enjoy live sporting events or content from streaming services will likely end up making a home theatre the focal point of their basement renovation.
Secondary Suite
AGM Renovations reviews that as the real estate market continues to become increasingly less affordable for the average citizen, many homeowners have begun turning their basement spaces into secondary suites. Whether they are rented out full-time to tenants, offered to family members that need support, or used as vacation spots, basement suites can maximize the functionality of a home’s basement space.
They are also an excellent source of income to help homeowners manage the aftereffects of an expensive renovation (especially if they took out a loan to make it happen) and provide passive income down the line to help out with monthly expenses.
Stylistic Choices
AGM Renovations reviews that over time, trendy stylistic choices will come and go. In 2023, basement style is trending more towards creative, eye-catching, and softer design elements such as:
- Detailed Ceilings: Instead of plain, flat ceilings, homeowners are opting for eye-catching details such as wood slats, murals, recessed sections, and unique lighting structures.
- Space Separation: Many basements are built with an open concept or completely walled off sections, but in the best finished spaces, areas within the basement are sectioned off instead by softer elements such as slatted dividers, shelving units, or display cases, and even plant walls.
- Soft Shapes: Rather than sharp corners and lines that characterized the ultra-sleek, modernized design era, 2023 basements are home to softer shapes, curving furniture, and more continuity in a space.
- Creative Staircases: Every basement needs a staircase, but that doesn’t mean it needs to be boring. It can look like bookshelf staircases, cozy alcove seating under the stairs, the list goes on.
- Wood Accents: Homeowners are loving the more natural accents for their basements in 2023 - accents such as tv stands, divider walls, and more.
- Wallpaper: Wallpaper is making a comeback in 2023 to provide basements with unique accent walls to add texture and color.
Benefits of Finishing or Remodeling a Basement
AGM Renovations reviews that the exact functionality and design chosen for a basement remodel will vary on a home-by-home basis. However, finishing or remodeling a basement will always come with a few extra perks no matter what the details of the renovation look like.
• Gain Living Space
The most obvious benefit of remodeling or finishing a basement is to enjoy more living space. Whether a basement becomes a home gym, office, theatre, second living room, suite, or anything else, the family will have more space to enjoy the home and create lasting memories.
• Increase Property Value
It’s no secret that finished basements add a ton of value to a property. Remodeling the right way can provide a
70% return when the house is sold, and a finished basement also increases buyer interest.
• Improve Energy Efficiency
AGM Renovations reviews that finishing a basement space can have a significant impact on the energy efficiency of a home. Unfinished or poorly finished spaces provide a poor insulative barrier against exterior temperatures, and remodeling properly can help cut down on energy expenses and make the home more comfortable overall.
Final Thoughts
A new emphasis on home livability has encouraged countless homeowners to finally finish or remodel their wasted basement space. There truly is no time like the present to join them.
