Remodel & Renovate in 04479>Question Details

Djdova, Home Owner in 04479

If I finish a 24x24 building on my property into a complete 1 or 2 bedroom living area complete with kitchen and bath add value. I live in Maine.

Asked by Djdova, 04479 Mon Jan 10, 2011

Trying to add value to my home. Valued at $140000 when i purchased it in 2008, 3 bedroom ranch, 1 bath, full basement(unfinished, not a walk out). 5 acres. I'm just not sure since the building i want to finish is not attached to the house if they will consider it part of the house when its finished living space. i live in Central/Northern Maine. There are similar houses that value $20k to $40k more than my house in this area, but I'm just not sure if this will count as added living space if its not part of the main building.

Help the community by answering this question:


You need confer with the city IF they would even allow this type of structure COULD involve permits and etc.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Tue Jan 11, 2011
Before considering finishing the building, do check with you local town regarding any possible necessary permits--as for any added value--consider inviting a few local agents and ask their opinion--then make your determination...
0 votes Thank Flag Link Mon Jan 10, 2011
Dear Djdova,

Alot depends on the value of home similiar to yours in the area. Contact a local Reatlor to have a market comparision done for you - typically free of charge.

Best Regards,
0 votes Thank Flag Link Mon Jan 10, 2011
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