Is A Basement Conversion Right For Me?
What Are The Benefits Of A Basement Conversion?
The first and usually most important reason is living space. Even if you have had a loft conversion or conservatory extension, many houses can get pretty short on living space, especially with a large family!
Living space is key to the pain free functioning of any family home, and a basement conversion gives you this in an extremely flexible and configurable way. Our personal favourite is the indoor basetball court and swimming pool of course!
Depending on your budget, shifting some dirt really can unearth the potential of your home. You may well find that by using the garden as well you can increase your living space by at least 2 rooms and possibly even double it! Now THAT is a return on your investment.
Who Has Seen The Light?
The trend first started in America, before being brought across the pond to central london by rich city dwellers looking to invest in their property portfolio. But having a new basement is no longer limited to multi-millionaires.
According to Steve McStea from Advantage Basement And Cellar Company, the idea is spreading to those families who find themselves facing fierce competition for schools and services, and who want more space without needing to move house.
Steve McStea from the Advantage Basement And Cellar Company reveals that over 90% of their clients are families with children living in inner city areas. They need more living space but really do not want to have to relocate.
Basement Conversion is not only limited to home owners, you may well be able to squeeze some extra space out of your rented accommodation by making clever use of the space under floorboards or in ceilings.
Can I Have A Basement Conversion?
The time it will take to find out if your current property is a viable candidate for a cellar or basement conversion is well worth the effort. Most properties are able to have either an existing cellar converted, or a retrofitted basement.
Those who own modern town houses or modern terraced houses are in the unlucky minority.
How Much Will It Cost Me?
The cost of a conversion project really does depend on your current situation, property and expectations.
Typical costs can range from 200 to 250 per sq ft to convert an existing cellar space, or 250 to 300sq ft to retrofit a basement space with advance piling techniques.
A small basement (20×20) in London is likely to cost around 150000 to 200000. Which might sound expensive for a building project, but with housing costing almost 1000 per square foot in parts of London, a basement conversion could well be the most cost effective solution!
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