How Much Value Does a Finished Basement Add?
AuthorAmanda Dodge. Date:
A finished basement is an increasingly popular investment by homeowners. It immediately increases the amount of living space, allowing people to create home offices, additional bedrooms, and play areas for kids. Finished basements can also potentially increase a home’s resale value, helping this investment pay off in the long run. The impact that a finished basement has on home value depends on a variety of factors. Asking, “How much value does a finished basement add,” is complicated because there are so many moving pieces. This guide will dive into factors like location, project scope, and the purpose of the space to better understand its potential value. Use this information to guide your project plans. Factors That Influence the Value of a Finished Basement The first step is to evaluate the scope of the project, including its potential costs and benefits. While extra improvements (like building a bathroom) might cost more, … Continued
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