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Does finishing a basement with a bedroom and full bath add to the value of a home, in Ft Collins, CO

  • December 28 2009 - Fort Collins
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Answers (4)

YES

....and/but in addition to the comments already made:  make sure it's to code.    Specifically, you'll want to make sure there is egress from the bedroom.  
  • December 29 2009
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Hello:

Finishing a basement always adds value to a home.  I would recommend having some local Realtors in to give you an idea of your home's current value and future value with a finished basement.  Generally if you are finishing a basement you are doing it first for your own enjoyment and then secondly for resale value.  If your doing it just for resale, I would suggest upgrading your kitchen and baths first.  Best of luck.
  • December 28 2009
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in general, a finished basement, especially with additional bed/bath space, will always add some value to a home versus a property with an unfinished basement.  however, it is important to nderstand that these will NOT typically carry as much value as an above-grade room of the same quality.

for more specific info on how these improvements would affec value in your area, you should talk to a local agent or appraiser.
  • December 28 2009
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yes, but there are other significant considerations. I would be happy to guide you through them. Just give me a call. [content removed by moderator due to self promotion]. Among them, you should consider who your potential buyer is. Some federal institutions do not count the basement square footage. Also, you will need to determine if you will qualify the basement as sq. footage for your listing. This requires special attention to code rules specific to Ft. Collins. I'll help you sift through all the information.
  • December 28 2009
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