Making use of this space by turning it into a small apartment for a teen who is almost old enough to move out on their own, or using it as a home office for a new business startup, will save you money in additional rents. An extra room in the basement can be used as a mother-in-law apartment (also known as a “granny flat”), a room for soon-to-be 18-year-old to let them try their wings before moving out, or a room to keep your desk and computer for late-night work that won’t disturb the other family members. This type of space really has an unlimited number of uses.

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