What is the impact of a finished basement on home value?
By Bob Millaway, South Jersey Community Expert & REALTOR®
A finished basement adds usable living space without increasing the home's footprint, which can significantly boost value. It typically recoups 50 to 75 percent of the cost at resale, depending on the quality of the finish and how it is used. A well-finished basement with a bathroom, egress window, and flexible space adds the most value. A poorly finished basement may add little to nothing.
Why It Matters
Finished basement space is highly desirable to buyers, especially in markets where above-ground square footage comes at a premium.
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