Would Finishing A Basement Add More Square Footage All Locations : Advice

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Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Since the home market is down, Is it a safe investment to finish a basement in a newly purchased townhome? ...
It's a safe investment if it improves your lifestyle and could use the extra space--a decision only you can make.
0 votes Share Flag Sat Mar 6, 2010 Remodel & Renovate in Freehold
Mark Mcrae, Real Estate Pro in Mount Gilead, NC
Mark Mcrae answered:
Does a Finished Basement count when calculating square footage?
Yes...finished / heated square footage in basements are considered part of the total square footage when listing a home in the Stanly NC MLS. We do break out the the basement hsf from t ... more
0 votes Share Flag Sat Apr 23, 2011 Home Selling in 13219
Brittany Sim…, Real Estate Pro in Columbus, OH
Brittany Simonelli answered:
I'm looking to understand what the Columbus Ohio market dictates in terms o ... value of a finished basement. My zip code is ...
If you have a walkout basement, this can be counted in your square footage as living space. If not, the value is less than the main levels of living space price per sq. ft.

There i ... more
0 votes Share Flag Fri Jan 24, 2014 Home Selling in 43221
Sean Dawes, Other/Just Looking in Philadelphia, PA
Sean Dawes answered:
Which one to decide on? A resale Single family home or a new Single family home, both are built by Toll Brot ...
Does one have a better location?

How old is the resale?

Also why is the layout better in the resale? Think about your future resale, if you like it for a reason most likely a futu ... more
0 votes Share Flag Thu Feb 18, 2010 Home Buying in Chester Springs
Timber Creek…, Real Estate Pro in Los Gatos, CA
Timber Creek Construction answered:
If I finish my basement , will my property taxes increase? I live in Queens, NY.
Most of the time it goes by added square footage, since your basement is already there, I wouldn't think it would raise your taxes.

Most of the time basements don't count a ... more
0 votes Share Flag Sun Dec 13, 2009 Remodel & Renovate in 11418
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
We finished our basement without permits. Do we need to get permits in order to sell our home?
Speak with listing agent determine what is your best interest.

Is this a DYI project?

City could have you remove all, or fines for not having work permitted.

I would also ... more
0 votes Share Flag Sat Jun 29, 2013 Home Selling in Milltown
The Roskelly…, Real Estate Pro in Odenton, MD
The Roskelly Team answered:
My house will go on the market next year. Will a newly finished basement and new deck add value to my home i ...
Yes, finishing your basement and adding a deck will always add value however it may not be a dollar for dollar upgrade. If you invest $15,000 you may only see a return of $10,000 but h ... more
0 votes Share Flag Thu Mar 18, 2010 In My Neighborhood in Carroll County
Nick Vandekar, Real Estate Pro in 19333
Nick Vandekar answered:
I am looking condo at chesterbrook area.
A basement will give you storage room, depending on whtther it is finished or not. That is always a plus. If it is finished as well then you get an added benefit of usable space that ad ... more
0 votes Share Flag Wed Aug 25, 2010 Home Buying in 19087
Mariam Rahma…, Real Estate Pro in Indianapolis, IN
Mariam Rahmani answered:
I am looking at a FSBO home in Meridian Kessler. When looking at cost per sq ft -- is it proper to use the? ...
No. If someone has prepared a CMA (market analysis) using comparable properties only the main and upper level sq ft amount would be used, excluding the basement. If the basement is fini ... more
0 votes Share Flag Tue Mar 2, 2010 Home Buying in 46220
Sam Shueh, Real Estate Pro in San Jose, CA
Sam Shueh answered:
What upgrades will add great value long term when buying a new townhome?
Kitchen upgrade, medium quality in hardwood floor, crown molding, and modern wall/ ceiling paint matching....
Energy efficient features, solar, dbl pane windows, recessed lights.....
... more
0 votes Share Flag Fri Jul 24, 2009 Home Buying in Baltimore
John Cobb, Real Estate Pro in Warner Robins, GA
John Cobb answered:
How much does NOT having a finished basement affect the price of a home?
Basements have a different value then the rest of the home and is usually based on $ per sq. ft. Unfinished basements have a different $ per sq. ft than finished basements. Values of ba ... more
0 votes Share Flag Sat May 9, 2009 Home Selling in Georgia
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Which renovation option should I pursue? I want to add space to accomodate an expanding family.
If you sale a home move into a large home you have realtors fees and closing costs. Confer with CPA determine what would be tax advantage for you. However many families cant withstand ... more
0 votes Share Flag Mon Jan 26, 2009 Remodel & Renovate in 49008
Daniel Jeung, Real Estate Pro in Woodinville, WA
Daniel Jeung answered:
To sell my house as a 3 bdrm, does the 3rd bdrm (which is in the basement) need to be up to ingres/egres cod ...
Yes, it must meet building codes in order to be an "official" bedroom. Whether having an official 3 bdrm home vs. 2 + an extra finished room is up to a potential buyer. Ask yourself t ... more
0 votes Share Flag Thu Jan 1, 2009 Remodel & Renovate in Seattle
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I want to remodel my house. What are the most important areas to start with in order to bring up the value?
kitchen, bathroom, bedrooms for interior. exterior is roof, windows, siding and interior mechanics are furnace, electric panel, plumbing. good luck with your remodel.
0 votes Share Flag Mon Oct 1, 2012 Design & Decor in 21202
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
My wife and I are currently shopping for a home, and our realtor told us that a basement adds value to a home ...
yes and no, value is in the eye of the beholder. Some people love splits and others hate them. The advantage of a split is the rooms are usually mostly above grade and have full windows ... more
0 votes Share Flag Fri Oct 24, 2008 Home Buying in 08061
Joshua Jarvis, Real Estate Pro in Duluth, GA
Joshua Jarvis answered:
How much is a full, walk-out, unfinished basement worth, compared to near identical houses without basements ...
Brad,

Very old -school numbers ranged from $25K to 50K just for the basement differences.

In today's market, basement CAN add value to a home, but it's not a "shoe in" that it is ... more
0 votes Share Flag Tue Mar 30, 2010 Home Buying in 30127
Nancy Milton…, Real Estate Pro in 62025
Nancy Milton Holtzscher answered:
Does a finished basement add any value. If so, how much? I live in O'fallon, IL zip:62269)
Hi, Melanie. Yes, it should add value to the house by increasing the square footage total of your living space. And in O'Fallon you are competing with many homes that have nicely finish ... more
0 votes Share Flag Thu Mar 28, 2013 Remodel & Renovate in 62269
Chris, Real Estate Pro in Woburn, MA
Chris answered:
Would a new 4 season porch addition be included on sq. ft. to sell home in future?
Is it above grade? Some homes have a room like this however at the back of the house on a hill thus its below grade like a basement?
0 votes Share Flag Sun Oct 12, 2008 Home Selling in 01746
Scott Alexan…, Real Estate Pro in San Angelo, TX
Scott Alexander answered:
We are selling our house. We had an on site appraisal done that was paid for by the buyer and done by the
You don't have to sell the house. You contracted to sell your home to the buyer for "X" and agreed to certain conditions( repairs, survey, closing date, etc.). You do not have to sell i ... more
0 votes Share Flag Fri May 9, 2008 Home Selling in Highland Village, TX
Donna Spring…, Real Estate Pro in 06525
Donna Springer answered:
FINISHED BASEMENTS
Hi Matt,
From my understanding to determine "living space" the area must be above ground level. Which is why raised ranches show up well. However, towns tend to vary on some of issues ... more
0 votes Share Flag Tue May 6, 2008 Home Selling in 06107
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