Home Buying in Madison>Question Details

Theresa, Home Buyer in Madison, WI

What are the pros and cons of buying a house with no basement? Is a house without a basement harder to resell?

Asked by Theresa, Madison, WI Sun Apr 13, 2008

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Hi Theresa,
In Madison, a house without a basement is going to be more difficult to sell. Most buyers simply expect one. The same goes for a home with a basement that has only an exterior entry. Thats not to say they can't be sold - but you'll need other "wow" features to offset the lack of basement.
Best regards,
1 vote Thank Flag Link Tue Apr 22, 2008
Hi Theresa!
In our area, most home have basements and they are expected, especially in a year round primary home. Secondary residences, cottages, etc. do fine without basements.
The one caveat to this is when a newer primary home is built with heated floors - i.e. hydronically heated slab. These can be energy efficient and so nice on cold winter days. Warm feet!
If the home is priced right and is one you really want, and the basement is no big deal, and there are similar homes that have sold with no trouble in the area you're considering, go for it!
1 vote Thank Flag Link Sun Apr 13, 2008
The Pros of having no basement would be... no basement issues to deal with. So, for someone who is looking for a property maybe as an alternative to being in an apartment or a condo, they may see a basementless home as a positive.
That being said, you usually will pay a little less for a property with no basement, but will find the resale value will have the reduced similar percentage when you sell.
A nice property, will always sell if it is priced right. I just saw a cute basementless home in West Allis get 2 full-price offers on the same day.

Consider all your options, have your realtor give you some guidance.
Good Luck to you!
Web Reference: http://www.GoPackerUp.com
1 vote Thank Flag Link Sun Apr 13, 2008
There are many positives to purchasing a home without a basement. They are usually priced less that similar homes with a basement. You don't have to worry about a leaky basement. Your laundry is on the main floor...the list can go on. What it comes down to is what works for you. Many people use their basements for storage or possible shelter from nasty weather. If the home has what you need, and there is plenty of storage, go for it. It may take longer to sell because you need the right buyer, but you have that with many homes.

One question I have...is it a stick built home on a slab? Or is it a manufactured home on piers. The manufactured are usually harder to resell and sometimes harder to finance.
0 votes Thank Flag Link Fri Apr 18, 2008
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