A Great Home Starts at the Bottom
Well, you might be in luck! Many homeowners are turning to digging out their basements to enjoy more space & improve their property values.
The age of the basement and other variables can impact the cost. It can be anywhere between $60,000 and $200,000 dollars or more.
Return
For every $1,000 you put into your basement you can expect to get $700 back according to Homelight.
Most data out there references transformation of an unfinished basement into a finished one. Atlanta, Boston, Buffalo and Chicago recoup a greater percentage than other parts of the country in finishing a basement.
Of course there are other qualitative factors to consider besides the resale value. If you plan on expanding your family, having an extra bedroom can be invaluable. Adding an additional bathroom can also increase the value and make your house guests happy.
Additional Factors to Consider
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How much are you willing to spend?
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What is preventing you from purchasing another home with the extra living space that you crave?
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Is your crawl space or basement suitable for a dig out?
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Sewage systems
As always, do not hesitate to call me with any questions. We can review the pros/cons of digging out your basement including your budget and see if it makes sense for you to seriously consider. Additionally, I can also make referrals to qualified contractors with experience to evaluate your crawl space or undersized basement and see if its a good candidate for a dig out!
