Denise26Minchin@comcast.net 609-206-1534 Realtor, Main Street Realty
(609) 280-2807 cell
(856) 784-8750 ext 186
There is such a thing as over improvement. A basement is only a selling feature The eye of the buyers will see a benefit or not. What will sell a home is the kitchen #1, Baths and their location(very good idea to have a bath on main floor, at least a 1/2 bath, as you have) and then the rest of the home 2, 3 4 or 5 bedrooms, Family room, Storage space(closets). The basement will be one of the least considerations to most buyers. When selling a home you want to appeal to most buyers. Believe it or not a yard's patio will have more appeal to buyers than the basement unless the basement is a walkout and can be included in the gross living area (GLA). There are always exception to the rule.
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Good job! I live in the area. Most folks around love the old charm of the exterior of these homes as well as the well established mature neighborhoods. Renovating inside gives a nice modern flair. Your resale value (net that is money in your pocket) is somewhat tied to what you originally paid and the cost of your renovations. If were able to keep your expenses down by doing the work yourself or with a contractor friend then good. If you are paying market prices then there's the chance of not even seeing a return. This ties in to the basement. If your cost is low by DIY or professional contacts then it may be well worth finishing. To add the style of your home makes a difference. Is it a cape, bungalow, dutch or traditional colonial? Values differ significantly between styles of homes. It is possible to get a market snapshot online. This will provide you with an overview of values in the area. However if you really want to know the current value then having a free evaluation along with a detailed comparative sold report will be in your best interests. It will be my pleasure to assist.
Jeremy S. Hill, Realtor Associate,
Keller Williams Realty
Licensed PA, NJ
"Your Interest 1st Always"
As for the basement question, I'd have to agree with earlier comments and recommend not finishing it if the ceilings are very low, but yes finish it if you don't already have a family room. It's a judgement call that really needs to be addressed in person and within the larger scope of the house and the other renovations planned... as well as your personal preferences and how you plan to use the space. Resale value is less important that your current use and enjoyment of the space... just my two cents.
I hope that's helpful... if so, click the "thumbs up" below,
Joe Montenigro REMAX Home Team
Broker, GRI (856)374-2800 x106
Serving Gloucester Twp & Southern NJ
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If you are lookikng for a preliminary valuation of your home, you can get one from us at http://www.sellmysnjhome.com and complete the form there. No one will call, the detailed report is completely without any charge, and you are under no additional obligation. You sound like you;ve done quite a lot with your home. But the key question is how does it stack up against your neighbors' homes. After all, if you decide to sell they are going to be your competition.
ReSales & Investment Realty, LLC
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Keller Williams Realty
Sounds like you did some wonderful upgrades to your home. Finished basements do add value but, in your area, the height isn't usually very good so measure and make sure you have close to 7 feet clearance before moving forward with that project. Finished basements are a huge plus when you do not have a family room on the first floor.
As for value, I would need you address as there are different price levels depending on where you live. In addition, it's tough to give a realistic price without viewing your home. If you would like to contact me, I would be happy to research that for you. Alternatively, you can guestimate the price by looking at recent sold homes in your area.
Elisa Dewees/Re/Max Main St. Realty
Without seeing the home there could be other things you may want to do that cost nothing or little to maximize your market sales price.
You should have an experienced sales rep come in and provide honest input of what is needed to sell your home and how they would market your home is most important.
Haddon Heights is a nice desirable area. You certainly sound like you have a terrific home. A nice home in your area will get tons of buyers into your home.
Homes in audubon/ Haddon Heights are selling like your description from $210k-250
If you like some professional advise, I'd be happy to discuss your home with you and what is needed to sell your home in this market. No obligations and no cost....