Converting a Basement into a Rental Unit
If you are one of the many people who have an unused basement space, then you may want to consider converting it into a basement rental unit. Not only will the space be put to good use, but it will also provide a source of supplemental income.
Office Desk On Display
Since Ruth's late husband was attached to his hardy 1950s oak desk, she was adamant about keeping it in the space after the remodel. To give it a modern update, she had it sanded, primed and then sprayed with high-gloss charcoal lacquer. In order to keep the area well-lit, a junction box was added and a custom drum pendant was hung with the bottom 38 inches above the desktop.
In its new state, Julie and Tom's basement is much lighter and more energetic. They integrated color through the paint and wallpaper choices, selecting a shade of dove gray called First Snowfall from Benjamin Moore for the walls. By using the back of the sofa as a room divider, they created another area for seating for four around a table.
Josh Landers and Josh Williams embarked on a basement remodel to create a space where they could work from home several days a week while tending to their puppy, Bentley. Changes included using only dog-friendly, durable and easy-to-clean materials, from the vinyl plank flooring and vinyl crocodile wallcovering to steel furniture and custom draperies made from indoor/outdoor fabric.
To keep the den clutter-free, Landers and Williams use a modern 1960s console to house all of Bentley's needs as well as their own office supplies. Atop the console sits a pair of modern lamps that light the corner, and on the wall is an old pet supply storefront sign that was picked up at an antique market.
Determined to save costs and stick with a short timeline of three weeks, Michelle decided to keep the built-ins that were previously used as game room storage. By placing her writing desk in front of the wall, she can look out into the backyard while working. "I didn't want to sit at my desk all day and stare at the wall. It was important to be able to look outside from my chair," the designer explains. "Floating the desk in front of the storage wall was the perfect solution."
To take full advantage of an 8-foot wall to the left of her design studio's entrance, Michelle designed a custom banquette where she can read design books. In keeping with her signature glamorous style, she chose a glossy, glazed linen for the upholstery with super shiny chrome nail head detail.
Before deciding to rent out your basement space, look into any legal issues within your state and county that may affect your ability to rent the space. Health and safety issues, like radon or mold infestation, are also issues that should be addressed before listing your basement as a rental unit.
When you are given the go ahead to convert your basement into a rental unit, there are a few aesthetics that should be addressed. Make sure the basement area is finished and livable. This means providing the proper flooring, lighting and adequate bathroom space. A kitchenette, washer and dryer may also be worthy additions.
If you decide to list the unit as a furnished space, then you will need to provide a bed, television, dresser, floor lamp and other common items.
Before seeking tenants, decide what level of maintenance you expect from a potential renter and communicate that in your advertisements and during conversations.
See also: Planning a Basement Remodel
- Basement Layout Designs and Room Ideas
- Oscar-Worthy Basement Home Theaters
- Basement Remodels and Renovations by Candice Olson
- Options and Ideas for Finishing Your Basement
- Million-Dollar Basements
- Basements & Laundry Rooms