Should You Spend More on High End Finishing Products for Your Basement?
A remodeled basement will add to the overall value of the home, but it is important to understand that this type of project does not necessarily create a net profit for the homeowner. Sometimes spending more on high end finishing products for your basement may not be such a good investment.
The value side of the equation is a potential problem for the homeowner. The appraisers do not measure the square meters in the basement at the same rate as the square meters above the ground. Typically, evaluators will estimate the finished space in the basement at not more than 60% of the value of the square meters above the ground. This is why experts recommend keeping the basement remodeling budget between 5-10% of the value of the house. Moving over this percentage by spending more on high end finishing products that have only an aesthetic value does not help the evaluation; it is as if you have improved the basement too much.
Answering the question “How much value does a finished basement add to the house?” is not so easy. But the homeowner who consults with a professional before starting a basement finishing Forest Trace area project is making the right choice. An understanding of both the local market and the valuation guidelines is needed in order to provide valuable advice on this topic.
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