Zillow Advice: Buying Process - Basement Impact on Resale - Atlanta http://www.zillow.com/advice-thread/Basement-Impact-on-Resale-Atlanta/519032/ Zillow Advice | Zillow Real Estate At the risk of sounding like ... http://www.zillow.com/advice-thread/Basement-Impact-on-Resale-Atlanta/519032/ At the risk of sounding like I'm fishing for business, the answer varies. I've also been appraising since '89 and questions like this are common - and we do have the ability to tear up the data (from an appraisal standpoint using appraisal software) to really see what the market has to say. We have done studies on basements, stucco, bedrooms, schools, age.....just about everything.<br/><br/>Basements open up a ton of questions - value in use is the biggest one. Who is buying the home and why? What is the demographic of the typical owner here? Is a basement a make or break?<br/><br/>Then you get to the subtle questions - marketing time, impact on value, maintenance over time, cost to operate....even considering things like the hard slab underfoot vs the rebound of a crawl or basement.<br/><br/>Simple question, not so simple answer if you really dive into the data. We pride ourselves on basing opinions on the data - it's not always what you expect. If we can help, just contact us Mon, 18 Nov 2013 15:56:00 GMT http://www.zillow.com/advice-thread/Basement-Impact-on-Resale-Atlanta/519032/ 2013-11-18T15:56:00Z A sizable upscale neighborhood ... http://www.zillow.com/advice-thread/Basement-Impact-on-Resale-Atlanta/519032/ A sizable upscale neighborhood will always have majority of the homes with basement and buyers in such a neighborhood are likely to look for a basement home when searching.<br/><br/>Given any area, you will see about one third or more slab homes. By the same token, you will do better buying a slab home in a neighborhood that has about one third of the same.&nbsp;<br/><br/>As such, whether it is slab or basement home, each one has its own potential buyers. If you maintain well, keep it updated, and make it very presentable, selling is not a problem.&nbsp;<br/><br/>Above all, what makes a home quickly sellable is a good school district. Never underestimate this factor. I live in Johns Creek and I know it very well. Almost all my clients start with a good school district. Fri, 15 Nov 2013 03:19:00 GMT http://www.zillow.com/advice-thread/Basement-Impact-on-Resale-Atlanta/519032/ 2013-11-15T03:19:00Z Wondering what the impact ... http://www.zillow.com/advice-thread/Basement-Impact-on-Resale-Atlanta/519032/ <p>Wondering what the impact is on resale if we do NOT have a basement. - I am a local Realtor whom is a GA native who resides and works in the are your looking. &nbsp;Let me see if I can educate you a bit on basements.<br/>As always it depends on the market at the time of resale and the area. &nbsp;It also depends if it is a finished or unfinished basement. &nbsp;The price point in which the home is selling. Basements in general if in acceptable "inspection" condition can definitely improve the demand of a resale. &nbsp;Not all lots are able to support a basement, therefore this is not just an addition that can be easily completed if someone wants to add one to their existing home. &nbsp;Basements add additional "dry, somewhat climate controlled" storage to a home &amp; well as many other opportunities. Once sealed property and insulated, they can be finished and add additional livable sq footage to a home. &nbsp;Don't be fooled between the value of above and below grade square footage, &nbsp;You will not ever get the same return when it comes to your appraisal of your home. &nbsp;</p><p>1.&nbsp; What % of homes do vs. do not have a basement (is it disproportionate)? Again this depends on the area and price point. &nbsp;When I did a quick search for 250K-500K , 4 bed + in Alpharetta as the City I got 153 active.. but when narrowed down using these fields (Finished,Full,Partial,Unfinished) I got 105.. on a Slab or No basement/crawlspace etc.. is 42 .... again this was just a quick and dirty search.<br/>2.&nbsp; Do homes without basements 'not' sell, or do they simply take longer to sell? &nbsp;Again this depends on the price point and the condition of the basement. &nbsp;Typically yes they sell much quicke, providing they are priced correctly.<br/>3.&nbsp; If its just a matter of takig longer, due to a smaller target market, how much longer roughly? I would need more details to answer this.<br/>4.&nbsp; Do they result in lower appreciation rates? &nbsp;Again depends on improvements and or condition. &nbsp;If finished on w/ much less materials/fixtures than the above living area.. you will not see as high of a return in your investment. For example finishing w/ a drop ceiling and ceiling height is below 8ft.<br/>5.&nbsp; Anything else relevant to consider? &nbsp;I will be happy to answer anything else your concerned with.&nbsp;</p><p>Thank You,<br/>&nbsp;Kevin Stocks - Realtor</p> Thu, 14 Nov 2013 21:30:00 GMT http://www.zillow.com/advice-thread/Basement-Impact-on-Resale-Atlanta/519032/ 2013-11-14T21:30:00Z