Renovating Your Basement in 2023
From 2020 to 2022, it was hard to get things done. There were fewer people working and more demand for skilled work, like basement waterproofing, foundation repair, and basement refinishing.
While no one likes a slowdown in the economy, the good thing is that a homeowner can now expect to get the work done more quickly. So if you have been putting off having your leaky basement waterproofed, fixing that dangerously bowed basement wall, or just refinishing your basement to make it more of a comfortable space, now is the time to do it.
Wait times are down as we look toward 2023. What might have taken 6-9 months last year should now be possible in much less time.
Basement waterproofing is a good investment because it does improve the value of your home if you decide to sell it, it makes it easier to sell the house at all (some people will not consider a home with a leaky basement), and it makes the house safer and more enjoyable for you as you live in it. It is definitely one of those things you can do that you will wish you had done sooner.
Foundation repair is similar to basement waterproofing. Good luck selling a home with obvious foundational bowing or cracks. You cannot get top dollar with scary foundation issues. Plus, those things are dangerous and likely to let in moisture, insects, and dirt.
Lastly, if you want to really use your basement, having it finished is a great option. Basement finishing can improve your life in your home. Whether you add a rec room, a home office, a family room, or a home theater, adding more usable space is something that can make your home feel like a new one for you.
2023 is a great year to schedule these things because it is not the best year to buy another house most likely, so why not improve the one you are in and wait for demand to go back up so that your home, with its beautiful basement, will fetch top dollar.