In many homes, basements are used for storage… and that’s about it. By finishing this space, you could multiply your living areas, improving your lifestyle and adding value to your home. With a few steps, you can turn your basement into a warm, inviting space for more than just boxes and bins:

• Clear out the clutter. If you find that you have a lot items you haven’t used or you completely forgot you had, hold a yard sale. If you use your basement for storage, start organizing so you have room to plan your new space.
• Draw up your plans. Get creative and figure out exactly what it is you would like out of your basement. Do you want an area for your family and friends to hang out? Where will you place a couch and TV? Submit your plans to your local building inspection department.
• Address any water issues. Before you begin building your dream basement, make sure there are no plumbing issues that need to be resolved. The last thing you need is your new carpeting to be damaged by a leak in the ceiling. Check the exterior walls for moisture problems. If you notice some moisture but there are no leaks, your basement may just need a dehumidifier.
• Install drywall or basement wall panels. Modular basement wall panels are more water resistant and less expensive than traditional drywall panels. Choosing warm paint colors helps to get rid of the basement dungeon feeling.
• Choose your flooring. Vinyl and ceramic flooring make great choices for moist areas. They are easy to keep clean and dry and some take on the appearance of wood flooring. Choose a plush carpet to warm up the space. Flooring is one of the more expensive parts of the project, so if you are looking to save, tile flooring is the inexpensive way to go.

When done correctly, your finished basement could become the most popular spot in your house. Do not be afraid to try anything yourself, but know when to call in professionals for help.