Are you a house hunter in search of more space? Since many of us are now working from home or going to school online, space is more important than ever. One way to help maximize space is to buy a home with a basement. But there are both advantages and disadvantages to owning a home with a basement. Let’s look at the pros and cons so that you can determine which may be better for you.
Pro – extra space for working and playing
Is a home office high on your wish list? Maybe you’d like to set up a dedicated space for your kids to attend online classes? Or perhaps you’re hoping for a large room for entertaining once we’ve got the coronavirus under control? One great advantage of buying a home with a basement is having extra space to do with as you wish.
Con – extra costs for construction and renovation
Buying a home with a basement will cost you more than buying one without. And if you hope to turn an unfinished basement into the den of your dreams, you’re going to incur additional renovation costs. The same goes for buying a new construction home. It will cost you more to build on top of a basement than it will to build on a concrete slab.
Pro – more storage
Who couldn’t use more storage? Whether you love to go all-out decorating for the holidays or you have large items to store, basements can be the perfect solution. You’ll save money not having to store items in a storage facility, and you can keep your main living areas clutter free.
Con – moisture
Basements have a tendency to have high moisture levels. With limited access to the outdoors through windows and doors, it’s easy for basements to become damp. This can cause problems for people with asthma or create conditions for mold growth. In addition, basements are at greater risk of flooding, especially during a storm. When you buy a home with a basement, be prepared to address moisture issues from day one.
Pro – repairs are easier
Having a basement means that repairs can be a whole lot easier. What contractor or repairperson wouldn’t prefer to stand up while making adjustments instead of crawling around in a dark and gloomy crawlspace? It’s much easier to fix leaky pipes and other utilities when you have a basement.
Con – little natural light
Another drawback to basements is their lack of natural light. Unless the basement is a walk out, you’ll need to consider how you’ll arrange the lighting in the room to keep it bright and inviting.
Pro – provides emergency shelter
One of the huge benefits of having a basement is that it can provide shelter during an emergency. Whether you’re facing the threat of a hurricane, tornado, or other calamity, you will have the peace of mind knowing that you can easily shelter in place.
Con – attracts pests
Since basements can be dark and damp places, they are more likely to attract pests. If you buy a home with a basement, then be sure to look for signs of infestations before you sign on the dotted line.
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