subject: Basement Conversions: The Right Way [print this page] Why Should You Consider A Basement Conversion?
The main reason is SPACE. Even with a loft conversion, many houses, especially terraced victorian and edwardian ones, can become pretty cramped once you have lived in them for a while, especially if you have a family!
People often dream of having more living space, which can take many forms and functions, the most popular being a larger kitchen, a home gym, or even an indoor basketball court or swimming pool!
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 Been Converted?
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.
It seems that the idea is catching on and becoming mainstream, with many families looking downwards in their quest for more space without having to move house.
Many basement companies are reporting that over 80% of clients are families with small children who are looking to invest in more living space.
You do not even have to own your house, there can be a wealth of space under your floorboards or in your ceilings.
Can I Have One?
Most properties, especially if they are reasonably old, are capable of having either an existing cellar converted, or a retrofitted basement installed. All projects are individual however, and previous projects should be seen as a guide only. Some projects are far more expensive and lengthly than others.
Those who own modern town houses or modern terraced houses are in the unlucky minority.
How Much Will It Cost Me?
As any construction professional will tell you, the cost of a project really depends on where you live in the country, your current property and how ambitious your ideas are.
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.
According to Steve a 20'x20' basement in a London terraced house will typically cost between 150,000 and 200,000. These prices may sound high, but with housing costing over 1000 per sq ft in certain areas of Central London, a basement conversion could be the most cost effective solution to your space problems.
