How to Remodel the Basement to rent as an appartment
Basements are great spaces, which can add livable space to your homes. In addition, they can prove to be good investment when you turn them into a basement apartment. Therefore, if you have a vacant basement space, then you can remodel basement and rent it to someone. Renting out a basement area is a good way to make the efficient utilization of your vacant space. This way you will also make some money.
However, you need to know a few things before the basement remodeling process. Following are some tips that will guide you regarding this issue:
- First, evaluate your basement and check whether it can be turned into a good basement apartment. Make a list of important additions which your basement will need for its remodeling.
- Next, check for building permits in your city. It is essential to check whether or not your home is placed in such an area that allows basement apartments to be rented to public. In addition, you will require a building permit for ensuring that the remodeling is done as per the rules and regulations. However, if you skip this, you may have to face problems later on.
- Next, check for major problems such as mold and excess moisture. Make sure that the basement is sealed and dried properly before starting the remodeling process.
- After this, evaluate the ceilings, lighting and windows. Although a building permit ensures appropriate window size and ceiling heights, see to it that tenants are able to escape from apartments in event of a fire.
- Finally, install required necessities in the basement. You can do the remodeling process by yourself or hire a contractor for this job. Bathrooms, a kitchen, and parking spaces are also important.
All the above are basic things that you need to know regarding the basement remodeling of an apartment. However, always make sure that you have a well-developed plan before you start the renovation process. Feel free to contact us for any additional questions.