Jay, Home Seller in Western Springs, IL

I have a raised ranch with 1350 square feet and a full basement. What's better for the basement: one huge?

Asked by Jay, Western Springs, IL Tue Oct 30, 2007

I have a raised ranch with 1350 square feet and a full basement. What's better for the basement: one hugeopen space, or two rooms 12X14 and a large family room 17X24?

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7
Jay,

First, I agree wholeheartedly with the comments about checking with your local building department and get all necessary permits...regardless of how you decide to finish the space. Are you planning to finish it to SELL the property...or to USE IT YOURSELF? If you plan to finish it for your own use for the next many months or years...but want to be informed as to FUTURE SELLING POTENTIAL, I would suggest a couple of things. First, given that you have 1350 square feet above grade, I'm assuming (hate that word!) that you have AT LEAST 3 bedrooms. If not, including a bedroom downstairs would make sense for resale (though there are limitations from a marketing perspective of a "below grade" bedroom. But when buyers do see the home, knowing they have at least three bedrooms is generally a plus.

Buyers generally like open space...that feeling of "volume" is very appealing. a basement with several rooms often feels very "chopped up"...even if the rooms are beautifully done. Basement space is different that main level space...the staircase takes up room, the furnace/water heater, etc, take up space, there are several supports that restrict the usability of some of the space...all of which need to be taken into account. If there is a possibilty of having a bath (at least a sink and pottie) in the basement, that would be a plus as well.

Over the years I've seen buyers walk away from a potential home they were interested in because the basement was beautifully finished but broken up into many rooms...because the particular layout of those rooms did not fit their needs, and they didn't have the "heart" to destroy all that beautiful work. But I have never had someone walk away because of a well-done basement with more openness...because, even if they NEED a few rooms, they can see that they could easily add them.

Good luck....hope this helps.
1 vote Thank Flag Link Sat Nov 17, 2007
Kevin:
Really? Replying to a post from 2007? It makes you look desperate and unable to pay attention to the details.
Ruth
0 votes Thank Flag Link Fri Mar 5, 2010
Ruthless, Other/Just Looking in 60558
MVP'08
Hi Jay,

I am an agent in Western Springs. I have been doing real estate full-time for the past 30 years. I would say it depends on if you are going to be selling right away. If not do what makes sense for your family. I also live in Western Springs and my personal preference would be to make it a large, open space. I think that would be good for resale. The teardown market has definitely gone down in price. I have a website called WesternSpringsInfo.com where I post all of the sales.
If you have not sold your home yet and want an updated appraisal give me a call.
0 votes Thank Flag Link Fri Oct 24, 2008
Jay:
What did you end up doing? I live in WS and just had my agent do a CMA on my home. My basement is not considered finished because not all of the walls are finished and the ceiling isn't finished. I never really noticed because it has carpeting and a pool table.

Your home is smaller than most in the area. I wouldn't spend any money on the basement unless your agent says you need to. I would spend the money on staging to sell your home. Depending on the size of your lot, you home might sell as a tear-down and then all the money you spend on the basement is wasted.

Ruth
Web Reference: http://www.Oak-Park-IL.com
0 votes Thank Flag Link Sat Jan 19, 2008
Ruthless, Other/Just Looking in 60558
MVP'08
I agree with Cindy on one big space. If you are selling, it's easy enough for someone to put up walls to define the area for their needs.
However, if you decide to put in bedrooms, be sure to check your local ordinances regarding windows, egress, etc. In my area, you cannot put in a bedroom without a way for a firefighter to have direct access to the room. Most basement windows are too small. Check with your zoning/code enforcement official to find out what restrictions you would have in your neighborhood.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Wed Oct 31, 2007
Hi Jay,

It is hard to say.

How many bedrooms does your home have? If it is short on bedrooms in the main living area, a buyer might be drawn to a nicely laid-out basement that offers extra bedrooms + living space.

Then again, a nicely finished open "rec room" might allow for buyers to see all of the possibilities.

The answer is so specific to the individual buyer's needs and any advice I offer would be a mere guess.
0 votes Thank Flag Link Tue Oct 30, 2007
Patti Pereyra, Real Estate Pro in Chicago, IL
MVP'08
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You are planning to sell you home correct? It's hard to guess your future buyer's needs. Why not leve olne huge room and let your buyer decide?
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Tue Oct 30, 2007
Cindi Hagley,…, Real Estate Pro in San Ramon, CA
MVP'08
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