If you are planning to renovate your basement, you need to think about the overall cost of the project. You have to think about the cost of materials, labor and other costs. One of the most important steps when renovating this space is basement waterproofing. Investing in waterproofing will cost you upfront, but the good news is that you can actually end up saving money in the long run. You can think about basement waterproofing in Toronto as a long-term investment. Following are some ways basement waterproofing can help you to save money.
Save on your energy costs
Waterproofing your basement will help to reduce your energy costs. The process involves sealing the foundation, which effectively shuts off the outside environment. The result of this is that there is less heat escaping during the cold winter months, which means you do not have to keep your heat on all the time and when it is on, it does not have to be all the way up. During hot summer months, there is less cold air escaping from the home and this means that you do not have to crank up the air conditioner all day. Improved indoor environment will mean that your energy bill can remain low.
Save on health expenses
Mold and mildew that thrives in dark and humid environments can be very harmful to the health. A wet basement can be responsible for a host of health complications. Basement waterproofing will help to prevent the growth of toxic mold and mildew by keeping away extreme moisture. The waterproofing will help to prevent air pollution that can endanger the health of your family. This means that your home will be safe and you do not have to worry about health complications. By keeping yourself and your family healthy, you can save on medical bills or trips to the doctor.
Protect your possessions
Replacing your furniture can be very costly and it is a huge inconvenience especially when you have to do so without much notice. Any homeowner knows that a flooded basement can have far-reaching negative consequences. The emotional, physical and financial toll can be huge when you consider that you have probably lost precious memorabilia and you have to repair damage and replace your damaged furniture. A waterproof basement remains warm and dry and it is safe from floods, leaks and water damage. You do not have to worry about the loss of valuable and irreplaceable items.
Lowering your premiums on your homeowner’s insurance policy
Insurance providers will always look for ways to keep customer claims at a minimum. When buying or renewing your homeowner’s policy, you should look for ways to benefit from discounts and lower rates. Insurance companies usually want the assurance that your home is as disaster, accident and theft proof as it can possibly be when offering coverage. Waterproofing your home helps to prevent floods, leaks and other damages and this can result in lower homeowner’s insurance rates.
A waterproofed basement can help to improve the overall value of your property. This means that if you are planning to sell the home sometime in the future, the basement renovation project will help you to get a better price. You can also convert the basement into usable space when you know that it will remain safe and dry.