Do Homes with Basements Have More Value?
Basements add extra space to the home, but not all basements are going to add a lot of value to the house. Homes with it do tend to have a higher value compared to homes without a basement. When someone is ready to sell a home with a basement, finishing it can provide the added value they want.
Finished Versus Unfinished Basements
Even an unfinished basement adds value because of its valuable extra space inside the home. An unfinished basement, however, doesn’t add as much value as a finished basement that’s ready to be used. Homeowners who are planning on selling may want to consider finishing the basement. Even though they won’t get as much use out of it, this can increase the selling price for their home when they do find a buyer.
Types of Basements for Added Value
The grading outside the home can have an impact on the value of the basement. If the basement has a partial walk-out, it’s going to be more valuable than one that does not have a walk-out at all. A full walk-out basement adds the most value to the home. Full walk-out basements have more natural light, full doors, and can be finished, so they don’t seem like a basement. They’re more a part of the home than another living space below the house.
How a Finished Basement Adds Value
A finished basement is ready to be used. When selling a home, this is attractive to potential buyers as they won’t have to finish the basement on their own. Finished basements will have added lighting, they’ll be easy to walk through, and they’ll include proper drainage, so there’s no worry about flooding. Also, basements can be sectioned off into different rooms, including a bathroom or kitchenette. Design them with specific activities in mind, so everything is set up and ready to be used. Basements may include, for example, a home theatre, a sports bar, a playroom, a home gym, or a guest bathroom. When done right, these can all add to the value of the home.
What to Do Before Selling the Home
Before selling a home, it’s a good idea to look into what the basement already has and what can be done to add value. Homeowners can adjust the grading to have a basement that is more valuable or looks into finishing the basement to create a useful space. They might not want to create a specific area, as the potential buyers may not want to use the basement in the same way. They can add lighting, waterproofing, and more to make sure it’s finished, and it’s ready to be used by the new owner.
If you’re looking to add value to your home, pay attention to the basement. Finishing the basement can add value to the house, especially when it’s done very well, and the new buyers can use the design in a variety of different ways. Talk to basement specialists today to learn more about your options for finishing the basement.