(BPT) - With cold weather approaching, homeowners may wonder whether they have enough space to accommodate their family, pets and holiday guests all winter long. Additions can be notoriously time-consuming and costly, but that doesn’t mean you have to feel cramped in your current space. To add livable square footage to your existing home, look to a space you may not be using to its full potential: the basement. With a bit of strategy and a few tools, you can add significant functional space in no time.

Walls
A fresh coat of paint is widely accepted as one of the easiest and most cost-effective ways to spruce up the appearance of any space. However, choosing the right paint for the job is just as important as the color. Basement walls are more prone to moisture, mold and mildew damage, so go with a protective coating like Pratt & Lambert’s Blok-Tite Masonry Waterproofing Paint. Built for both interior and exterior application, Blok-Tite is formulated to create a nearly impenetrable barrier to common moisture conditions and can even be applied directly to masonry walls and cinderblock. Available in more than 500 rich colors, Blok-Tite will protect and beautify your updated space no matter what your style. Don’t forget to paint trim, molding and window casings for an instantly refreshed look.

Flooring
It may seem a daunting task, but updating your basement floor covering will do wonders to improve the look of this space and make it a cozy, usable area. Again, moisture can be in an issue in sub-ground spaces, so consider water-resistant options such as stained concrete, natural stone or porcelain tiles. If you are working on a budget, also look at today’s laminate and vinyl tile options, which are available in a wide variety of finishes and styles; some even imitate the popular look of hardwood and luxurious stone. Carpeting is also a great option to make a space cozier, but be sure to have an adequate sub-floor in place to avoid water damage and replacement down the road. Add bright area rugs or mats at the garage entrance or stairwell to give the room a warm, welcoming feel.