Hi Ming-
You are looking for a qaud level home. You can ask the Realtor that showed you the home, or you can call me directly.
Hope that helps

In the Schaumburg area it would add about $12,000 unfinished and maybe $20,000 if finished nicely.

Ming,

My opinion is that it really does not add any additional value to the home. Happy home shopping!

This is a very good question. There are currently 7 homes with sub-basements in Morton Grove listed in the Multilple Listing Service. The value of having that extra space depends on a number of factors, including but not limited to: location of the home, condition of the home (inside and out), size and number of rooms, and style of the home (decor inside, and "curb appeal" -- how does it look outside. Sub-basements are usually found in split-level designed homes, as the staircase allows for that extra space underneath to be utilized. This can at least narrow down the comparison to other split-levels usually. There are a lot of things to consider... the space alone does not have a definite dollar figure attached to it. The seven homes on the market in the MLS range from listing prices of $429,000 to 649,000. What is also important is sales history... if subbasements have not added $ value in recent sales, then the sub is not showing its value in today's market; if the subbasement homes have a higher sale price and are pretty comparable to homes without this feature, then the subbasement adds value. Since this is a slower market year, comparables are fewer than they would have been three years ago.