Creating a converted basement will give you more flexibility in how you use your home, but it can also add value to a property. It’s important to think about how you’re going to utilise the extra room and what selling points this could give you if you were to put your home on the market, as this will ensure you include the right features and utilities to make it work.
Extend Your Living Space
When it comes to deciding how to extend your home, it can often come down to either a loft or basement conversion. With a loft extension you’ll usually gain an additional bedroom or bathroom, but with a basement conversion in London you’ll be able to add to the living space, which can be used in a variety of ways and gives you more flexibility in the future.
One way of adding to your home is by creating a large open-plan kitchen and dining space in the basement. Kitchens can be a crucial factor when selling a home, and a well-thought-out design can appeal to a wide range of buyers, giving you that real wow factor.
Buyers, especially those with families, are looking to buy into a lifestyle and not just a property – and it’s important to highlight the potential opportunities to them. This can be achieved by creating a stylish basement kitchen that opens out into an outdoor dining area.
Additional Rental Income
Another option for your basement conversion in London is to design a self-contained studio flat that you can rent out to give you an additional long-term income. Alternatively, you could use this space for a live-in nanny or as a granny annexe if you have older parents living with you. Depending on the size of the space you have available, you could fit in a separate bathroom and kitchen, or they could make use of the facilities in the main house.
The Work from Home Trend
More and more of us are shunning the daily commute in favour of working permanently from home – either on a full-time basis or for part of the week. Converting your basement gives you the ability to have a completely separate home office, so you can still manage to get away from work at the end of the day rather than having it within the main part of the house. This will enable you to create a fantastic open-plan area and will be a good long-term investment, as you’ll be saving money by not having to rent any office space. You’ll also save money by not having to commute.
The number of opportunities available to you with a basement conversion show just why they are so popular with homeowners, particularly in London and the South East, where space can be more of an issue. The majority of properties have the potential for a basement conversion, and with a good design and a specialist building company, you can make the most of the space and create a valuable asset for your home.