Remodel & Renovate in 56001>Question Details

Tim, Both Buyer and Seller in Minnesota

How much value does a basement bathroom and egress window add to a home?

Asked by Tim, Minnesota Tue Nov 18, 2008

I am thinking of doing some remodling and want to know how much value it will add to a 3 bedroom ranch style house built in the the late 1960s with a full basement. I can put in east facing egress windows, a bedroom with a walk through bathroom and a bathroom and can do this myself so I can avoid the labor costs. I am therefore interested in knowing what the ROI will look like. Is the return worth the materials and effort?

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5
Hi Tim, I agree with Cheryl... It is difficult to give a straight forward answer to your question. Many home improvement projects besides straight forward interior and exterior painting do not give the ROI as expected. Since you wrote this question about 6 years ago, I wonder what you ever decided to do!
492
0 votes Thank Flag Link Sat Jun 21, 2014
Hi Tim,

Are doing the work just for the investment return? If so, you may not see your work translate into $$ for a few years, depending. If you will be able to utilize the space for a few years before selling, the project will have more value to you. It also depends on the current house, location and quality and utility of the improvements you make. So, overall, it depends...
0 votes Thank Flag Link Tue Jul 28, 2009
Tim,

This answer really does depend on your house. For example if your neighborhood is all 2 bedrooms houses you probably won't get much return because you are already king of the hill. If your house is in a neighborhood of houses all with 4 bedrooms, then you will be catching up to the rest and should see a better return. However, for us to quantify exactly what you would return would require a more complete picture. You may want to contact the realtor who sold you the house and ask them to run a CMA for the property with 4 bedrooms and then one with 3 bedrooms.

Good Luck on your project.

Cameron Piper
Web Reference: http://www.campiper.com
0 votes Thank Flag Link Sun Nov 23, 2008
If you are looking to sell this may help you stand out from the competition and may help you secure a sale. If you are looking to do that for yourself it will most likely pay off especially since you can do the work yourself. There is no formula for how much value is added for anything, it varies with each property and situation.
Web Reference: http://www.lennyfrolov.com
0 votes Thank Flag Link Wed Nov 19, 2008
If you do a good job and it is done at cost, then you'll likely see the project at least pay for itself. To say more than that would require seeing your house and comparing it to your neighborhood.
0 votes Thank Flag Link Wed Nov 19, 2008
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