Is It Cheaper To Remodel A Basement Or Add A Second Story?

We’re always looking for ways to make our homes more functional and beautiful, but we don’t want to spend a fortune. We often ask ourselves “Is it cheaper to remodel my basement or add on a second story?”  One of the most common questions homeowners have is whether they should renovate their basement or build an addition on the home’s second floor. Let’s take a look at some of the pros and cons of each option so you can decide what might be best for your family.

The answer is going to depend heavily on what you need now and how much room you think you’ll need in five years! If money isn’t an issue then going with this plan would almost certainly work best because once completed there will be plenty of space upstairs!”

The Benefits of Remodeling

Renovating your basement or adding on a lower level is significantly less expensive than building up from scratch but does not allow for living space above ground like its counterpart; plus if you have children who are all now grown and about to leave home then there’s no need for an extra bathroom upstairs so investing in renovating the basement could provide better value over time.

• You have the best of both worlds!
• You can avoid expensive land taxes.
• It’s a great way to make room for your kids, friends and family. 
• Lots of storage space below ground level means low maintenance living.

In contrast, renovating your basement or adding on a lower level is significantly less expensive than building up from scratch but does not allow for living space above ground like its counterpart option. 

When you’re looking to spend less, a basement renovation may be the right choice for your family. You can add living space and make it more comfortable with home theater systems or an entertainment area in between rooms. With this kind of remodeling project, you’ll also have the opportunity to improve other parts of the house such as by adding extra storage spaces in closets or installing new lighting fixtures.  One thing to keep in mind is that if there are structural problems below ground level like water seepage, mold growth, or termites then they will need to be addressed first before any renovations happen so that they don’t spread into the new living space.  

The Benefits of Adding a Second Story to Your House

The advantages of adding a second story to your home are that it will be more functional and give you much greater square footage. The other option is to add on a second story and get a more usable floor area for your family, which can be helpful if you have kids that need their bedrooms or playrooms  The main disadvantages are the cost, which can be prohibitive for some families, as well as the difficulty in getting city approval if you live in an area with strict zoning codes. 

If you’re looking for a way to make your home more functional, without breaking the bank, then this is an option worth considering! The answer will depend largely on what type of space needs you currently have and where you think they’ll be in 5 years. For those that don’t mind spending some money upfront and living with less room upstairs until it’s finished (or if there are no kids!) then going ahead with this plan would likely work best because once completed there will be plenty of space up above. Building a second story is going to be the more expensive option. If space isn’t really what you’re looking for, then renovating the basement might save you some money and still allow more living space. However, if the family needs another bedroom or bathroom downstairs, (or just something different), then adding on will be necessary. Before deciding which way is better for your situation, carefully evaluate how much of each thing is important to you!