You would want to look at the size of the house, where the change of bath arrangement occur....i.e. master suite or guest bath. Also the area you live and what the standard expectation would be from a future home owner.... more
I consider square footage to be living area, less bathrooms. Some do not add in halls either. Finished basements are not common here, so the "walk-out" the others mentioned does not often come into consideration. But I have seen substantial variation on what others measure. If you take the exterior dimensions, that gives a higher figure than if you measure inside (as you should) - on an average home just that could affect the total by 80ft2. Inclusion of bathrooms and hall could change it easily another 150ft2 or more. Do not just assume there is standardization to these figures.... more
Finished areas are very desirable for the Buyers and will help market your home. It sounds like you did the work yourself if the total cost was only $5,000 so be sure everything looks extremely professional and hopefully you took out permits since you installed a bathroom and electrical components as well as HVAC for the finished areas...if you did, make sure you state that and show your final inspections passed, it truly helps, otherwise people could look at that area as a concern versus favorable. With the low cost that you spent, you should be able to make up the amount and/or sell your home faster than those without a finished area in the basement level but as previously stated, you can NOT include in Finished Square Footage but can be added in remarks and other area remarks, good luck! You can visit my website to search like homes in your area to see comparable information or i can provide you with a Professional CMA if you are considering listing your home for sale. A Real Estate Professional works on YOUR behalf, representing your best interests and will be able to market your home to the masses better than a For Sale By Owner. Visit my website for more answers and resources, I have attached a link in Web References! Lesa... more
Tasha; I don't know that one has a better resale value than the other. Depends on who wants what at the time you sell. I would suggest that since you are not moving soon and do not need the 4th bedroom that you make you and your family comfortable with what your needs are now.