Zillow Advice: Home Improvement - What kind of a return do you get on finishing your basement (if any)? http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ Zillow Advice | Zillow Real Estate First and foremost make certain ... http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ First and foremost make certain that you are seeking and receiving all necessary permits for your area - improper permits can be a headache down the road. Second, have an independent appraiser come out and appraise your property - determine how finished basements are appraising (example: in some areas below-grade basements appraise at 50% of the value of the upper levels - find out about your basement from an expert) ! Then take these numbers, looking at the equity in your home and the investment you have already made, and don't forget to ask yourself, are you finishing your basement as an investment or do you need the space. and make an educated decision on whether to finish or not.<br/><br/>Good Luck. Tue, 23 Jul 2013 17:19:00 GMT http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ 2013-07-23T17:19:00Z In general, the return on ... http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ In general, the return on finishing a basement is considerably less than the cost of finishing the basement.&nbsp;&nbsp; Therefore, if you wish to do it for your personal enjoyment, go ahead.&nbsp; If you wish to do it to increase value of your house because you are selling soon, you will spend more money than you get in increased price. Tue, 23 Jul 2013 17:00:00 GMT http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ 2013-07-23T17:00:00Z Our basement is unfinished ... http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ Our basement is unfinished with a rough-in for a bathroom and is a walkout with full windows (not egress). However, all agents we've spoken to said it's not worth it to finish the basement, even though adding another bedroom would open up another pool of buyers. Their bottom line was that we'd sell faster (once it was complete) and for a little more, but not enough to make it worth it for us.<br/><br/>Of course, this can vary by market. Tue, 23 Jul 2013 16:54:00 GMT http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ 2013-07-23T16:54:00Z Remodeling Magazine puts ... http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ Remodeling Magazine puts out an awesome annual report with a cost versus value break down per region. &nbsp;<a href="http://www.remodeling.hw.net/2013/costvsvalue/national.aspx" rel="nofollow">http://www.remodeling.hw.net/2013/costvsvalue/national.aspx</a>&nbsp;This may help!<br/><br/>Just a word of advice: If you do decide to finish your basement, make sure you have an adequate drainage system in place! Tue, 23 Jul 2013 16:12:00 GMT http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ 2013-07-23T16:12:00Z In our market, basements ... http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ In our market, basements are becoming a true want for most buyers, which is new to us.&nbsp; As more people are relocating down here, that want is growing.&nbsp; The ROI on finishing a basement truly depends on your situation and what your future plans are.&nbsp; Should you decide to finish it, the best advice would be to allow a professional complete the work and please make sure it is permitted as we are seeing issues with work not being permitted and this can be a real concern. Tue, 23 Jul 2013 15:18:00 GMT http://www.zillow.com/advice-thread/What-kind-of-a-return-do-you-get-on-finishing-your-basement-if-any/503193/ 2013-07-23T15:18:00Z