Zillow Advice: Home Improvement - Finishing the basement http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ Zillow Advice | Zillow Real Estate Hi Shawn,&nbsp;It could be ... http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ Hi Shawn,&nbsp;<br/><br/>It could be a smart investment, but there are a lot of variables that would determine that. &nbsp;Most of the time when you finish your basement in Utah County, you will get that investment back, but not necessarily gain on the investment more than a few thousand dollars... does that make sense? &nbsp;Some factors that determine the return investment are the number of bedrooms / bathroom(s) that are added to the house. &nbsp;Also, if you have a basement entrance, a kitchenette etc. There are some unique factors in Utah that can help make finishing a basement a good investment. &nbsp;Your agent should be able to advise you on what will add value etc. &nbsp;Good Luck! &nbsp; Sat, 11 Jan 2014 07:10:00 GMT http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ 2014-01-11T07:10:00Z I would definitely speak ... http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ I would definitely speak to a local lender to discuss all your options. Also, I would contact a realtor to have them do a comparative market analysis on your property to find out the value and also to give you an idea of how much more value your property would have if you finished the basement. Having an agent give you a comparative market analysis is a free service to you. Good luck. Sun, 05 Jan 2014 15:57:00 GMT http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ 2014-01-05T15:57:00Z OK... good advice. &nbsp;I'll ... http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ OK... good advice. &nbsp;I'll check with my real estate agent on values in the area to confirm the zillow number I mentioned. &nbsp;I'm hoping this is a good option...<br/><br/>thanks!&nbsp;&nbsp;&nbsp;&nbsp; Sun, 05 Jan 2014 15:30:00 GMT http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ 2014-01-05T15:30:00Z If I did this over a 10 year ... http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ <em>If I did this over a 10 year period with no prepayment penalty, is this a smart investment?</em> <br/><br/>First, I would confirm that $60K of value increase with REALTORS and/or appraisers in your area, not just based on YOUR research .... seems a tad high to me....<br/><br/>Second - what is the total cost of the HELOC over 10 years? It seems VERY worth it especially if you were to sell within a short time. Or if you do not, just the enjoyment of the finished space may be worth it to you with respect to enjoyment, not considering its actual 'cost'. Sun, 05 Jan 2014 05:08:00 GMT http://www.zillow.com/advice-thread/Finishing-the-basement/523342/ 2014-01-05T05:08:00Z