Does a finished basement add value to my home and if so how much value? See different types of basements and their corresponding value.
Scooped by Bill Gassett |
Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
Your new post is loading...
Your new post is loading...
Lindsay A Auge's curator insight,
October 4, 2016 10:06 PM
Share your insight
Bill Gassett's comment,
October 5, 2016 7:38 AM
Thanks for sharing @Lindsay A Auge In order for content marketing to work for you always share your opinion, thoughts on the post.
Sign up to comment
Bill Gassett's comment,
July 13, 2015 12:29 PM
Thanks for sharing why it is so important to pull permits Peggy!
Kyle Hiscock's curator insight,
March 20, 2014 7:57 AM
Every homeowner should always be constantly maintaining their home! My motto is "Be proactive, not reactive!" Check out these 9 awesome home maintenance tips to stay ahead of the curve.
While these tips are seem to be easy, it's surprising how many things are neglected in homes!
Jamie Seaux's curator insight,
March 3, 2014 11:56 PM
There are certain steps you will need to follow when painting your kitchen cabinets. Take the necessary steps to ensure a more professional looking job. |
Kyle Hiscock's curator insight,
January 13, 2015 9:52 PM
Homeowners have many options when it comes to home improvements. There are improvement projects that can cost 40K and some that cost a couple hundred dollars.
If you're looking to complete a home improvement project on a budget, look no further. This is an excellent expert round-up of the best home improvement projects that cost less than 5K!
Marianne Lalonde's curator insight,
February 21, 2014 1:25 AM
Before you spend money on home renovations, take a moment to consider your reason for taking on the project. People often think that any renovation will not only see their initial investment come back, they also expect to reap a profit in return for their investment.
Many home owners incorrectly believe that every home improvement they make to their property comes back to them in the form of increased value. This is not the case. In fact some things not only fail to add value but they can actually make your place more difficult to sell.
Don’t forget this last point before taking the plunge into the world of home renovation. |
One of the questions real estate agents get quite often is will a finished basement increase the value of my home. Both buyers and sellers will also ask how much a finished lower level will add to the value.
Of course, there is no cut and dry answer. Just like appraising above grade space, below grade space can have so many variations. One thing that should be clear, however is that finished basement space does not have the same value as above grade space.
So what are the factors that will influence how much a finished basement adds to a homes value? In the article you will see a comprehensive review of what exactly will change the value of one basement space compared to another.
There are essentially three types of finished basement space. The first and generally the most valuable is a walk-out basement.
When you have a walk-out basement you can have full windows which let in natural light. This kind of space often will not even feel like a basement. The full walk-out allows for a full door system as well.
A garden level basement allows for full windows but is not a full walk-out.
The last type of basement space is found in a level lot. With this kind of basement you typically have bulkhead as a means of egress. When you are looking at four concrete walls, it is understandable that this is the least attractive type of space.
While the grade of the basement level is important so is the amenities. There are so many different things you can do with a finished lower level today including spending thousands on a home theater, wine room, home gym and a myriad of other things you can dream up.
This makes evaluating basement space more difficult. Take a look at the article to get a good understanding about how to go about placing an accurate value.
If you find the article helpful please consider sharing it socially.