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How much do you increase the worth of your house by adding a bedroom and bathroom to your basement?

I want to sell my house (a rental in a residential cul-de-sac) and want to know the payback of finishing part of the basement to include a bedroom and bathroom.  Can you claim an additional bedroom and bathroom in the listing once finished?
  • April 09 2009 - Warminster
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Answers (2)

You need to assess this based on your local market.  You are going to have to interview agents anyway.  Start now.  Bring in several agents and ask their help in making this decision.  Ask them both how improving the basement will impact today's sale, and how improving the basement would have impacted the sale in the former seller's market.  The difference, if there is a difference, should be a big help in this decision.  Ask them what changes they suggest making to improve your sale.  The answers may go in a completely different, and more valuable, direction. 
  • April 10 2009
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A bedroom is defined as "window, closet, door&heat". Bathroom is nice, but unnecessary in basement unless the basement is massive entertainment venue. Make sure to be compliant with municipal code when finishing a basement, especially "egress".
  • April 09 2009
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