Why a basement might be worth a thought!

Real estate in Australia is getting more expensive every year and with square meter prices above the $1,000 per m2, affordability for a generous sized lot is not an option for everyone.

Also with many building restrictions for height and width, the question of whether investing in a basements may be worth it, is becoming more relevant.

Benefits of Basements

A basement is a great way to maximise the value of your property and get more usable space inside your home. For narrow lots it is often not possible to house an adequate double garage. Thus, relocating the garage to the basement will provide you with a better street appeal as the garage is out of sight. This will provide you with the benefit of a larger double garage on a smaller lot.

Additionally, many home alterations can be done at a later stage, however adding a basement once the house is constructed is not possible. Therefore adding a basement is a smart choice which will increase your property value and provide you with greater options in the future to allow you to maximise the space in your home. With Australian summers getting hotter by the year, the basement offers a naturally cool environment, as it is protected from the sun. This will reduce the need for an air conditioner and provides you with a cool room to escape the heat in the summer time. A well constructed basement can last over 100 years and over many generations. It will provide your family with an area to retreat, where they can relax, adding great benefits to your lifestyle.

Below are some options on how you could utilise this extra space:

• Multi car garage

• Studio apartment for extra income

• Theatre room for a cinema experience at home

• Gaming room

• Home office and study for work and school

• Home gym for more convenience

• Music studio to boost your creativity in a sound proof environment

• Additional storage to keep the home clutter free

• Guest retreat with bed and ensuite

• Pool, sauna or spa for ultimate relaxation and a space for leisure

As basements are not limited to one room or a single open area, you are able to pick and chose your design to suit your lifestyle.

Things to consider when thinking of a basement

Basements are great, however they might not be suitable for everyone, so it's best to consult with your builder before deciding on a basement. Additionally consider the slope of your lot as some slopes are not as suitable for basement constructions. Also if your neighbours home is built right up to the boundary your builder needs to take appropriate steps to stabilise neighbouring structures during the basement construction.

It's also important to consider light wells to ensure that some natural light can find its way into your basement. You will likely have less windows, so you will require appropriate mechanical ventilation to keep the rooms well ventilated.

Consider your budget

Basements are not cheap to build, however they come with great benefits as mentioned. Due to the complexity, pricing will vary and you should consult with your builder to help you in your decision making process. If your budget is on the lower end you might still be able to install a basement, however you could possibly consider installing the structure for your basement with your house and complete the fit out at a later stage.

Next Steps

A custom home builder will be able to assess your options and give you some initial figures for your project. They will also be able to arrange for the necessary reports to get an understanding of your ground conditions and can advise you on suitability.

An experienced builder will be able to accomodate for all your wishes and can tailor the home plans to your families needs. We at BauCore would love to discuss your project and help you to utilise your block in the best way and consider your options for a basement in your dream home.

#Dreamhouse #Custombasement #CustomHome