- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
- Jeff Konstant, "jkonstant"
- Contributions:1970
If a recently sold home similar to the subject brought $100K and another one similar except with a "finished" basement brought $125K then the answer is $0. However, you now can figure finishing will add $25K to value.
If a simlar home to the subject without any basement sold for $90K, then you can determine the unfinished basement to be worth $10K.
If a simlar home to the subject without any basement sold for $90K, then you can determine the unfinished basement to be worth $10K.
- Melina Tomson, "Melina Tomson"
- Contributions:290
It doesn't typically add a whole lot of value because it isn't finished. I assume that there are just studs there?
You need to look at homes that have the same finished square footage as the house you want to buy. Appraisers are only going to look at finished space for the appraisal anyway.
On the real estate market it isn't worth a whole lot, unless you are a pack rat...then it might be priceless ;-)
You need to look at homes that have the same finished square footage as the house you want to buy. Appraisers are only going to look at finished space for the appraisal anyway.
On the real estate market it isn't worth a whole lot, unless you are a pack rat...then it might be priceless ;-)
- Terri Linnell, "DebtsNMesses"
- Contributions:6728
It's not worth anything as far as square foot is considered.
A garage is 10K (in socal), where the home is 200/sq'. The garage is only worth about $25/sq'?? Percent wise, that's not much added value to add a garage, huh? lol
Don't know basements, but I'm sure you have a better idea. If most homes in your area have unfinished basements, then you don't want to add any price.
A garage is 10K (in socal), where the home is 200/sq'. The garage is only worth about $25/sq'?? Percent wise, that's not much added value to add a garage, huh? lol
Don't know basements, but I'm sure you have a better idea. If most homes in your area have unfinished basements, then you don't want to add any price.
How do you price an unfinished daylight basement ?
Thanks,
John
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.