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In My Neighborhood in 54913 : Real Estate Advice

  • All7
  • Local Info2
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 2
Thu Sep 29, 2011
Don Tepper answered:
It depends in large part on whether basements are expected--whether they're considered normal--in your area. In some places--as with places with high water tables or in really rocky areas--basements aren't expected. So a home without a basement isn't negatively affected. In other areas, though, where buyers expect a basement, it can affect the value.

It also obviously depends on whether the basement is finished (which can add value) or unfinished (in which case it may add relatively little value).

And it depends on the value of nearby homes. A basement in a home worth $600,000 probably will add more value than a basement in a home selling for $80,000.

Check with a Realtor in your area--and even specifically your neighborhood--for a more precise answer. Where I live (and this may not be at all reflective of your neighborhood, buyer expectations, etc.) a basement might add $10,000-$20,000 to a home's value, and maybe another $10,000 if it's nicely finished.

Hope that helps.
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Mon Nov 30, 2009
Nan Brennan answered:
The association fee is $180 a month and as far as taxes they have yet to be determined as this is a new property. If I can assist you with any other information or you would like to set up a showing feel free to call me.
Nan Brennan
Century 21 First Realty-Appleton
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