I assume, after renovation, you are going to sell. Have a local agent run a report on sold and active listings without basements. The information should include days on market, price per square foot, etc...
Do the same with homes with basements. This information will tell you what local buyers are doing.
My guess is, if you are buying at a good price, you should have no problems.
By the way, I am from Kansas and we sell quite a few homes without basements!
Compare non-basement square footage with non-basement square footage and basement square footage with basement square footage.
If you're serious about being an investor try finding a book or course on determining value using comparable sales. You may want to try your library or bookstore first. I know I've taught this numerous times in courses I've done for investors over the last 8 years or so. Important knowledge to have in my opinion.
I hope that helps.
I would look at what recent sales show for similar homes with or without a basement to make that decision. As an investor and if you are going to rent it out, I would say most likley not. You may be able to be more competitive with your rent if you can purchase this home for less money. It's all about cash flow and appreciation as an investor.
All the best,
As long as there is an additional area in the home like an attic or another structure that can provide storage I wouldn't think that a basement is necessary. Sometimes the water table in certain areas is high so there would be no basements in homes in that area.
Hope that helps.
Prudential Connecticut Realty