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WHat is the Return on investment for finishing off the basement, approx 1,500 sq feet?

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January 11 2010 - Streetsboro
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According to Remodeling Magazine's Cost vs. Value Report for 2009/2010 you can recoup about 60% of the cost of a basement finishing project if you are to immediately sell the place. 

However, keep in mind that there are other things to be gained with a finished basement. There is, of course, the extra room. Usually a whole floor's worth of space you can turn into living space. 

There is also the energy efficiency achieved by properly insulating the basement walls, which according to the US Department of Energy can save you up to $250 annually in heating and cooling costs. 
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May 12 2010
It depends on many variables such as market conditions in your neighborhood. Are all houses around have finished basement?
When are you planning to sell? In a year or 5-7 years down the road?

It all matters. While I kind of agree with the previous answers, it really depends on where you are. In the DC Metro are, inside the beltway, a nicely finished basement may bring back more than 75%
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January 12 2010
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Around 50%. Plus or minus 20%, If done well and according to code.
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January 12 2010
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Less than 50% of the cost.
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January 11 2010
 
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WHat is the Return on investment for finishing off the basement, approx 1,500 sq feet?
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Latest answer by BestCellarGal
May 12 2010 | 4 answers
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