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BWillie 03-24-2009 09:33 PM

How much does it cost to finish a basement?
 
I know it depends alot of square feet and other factors, but what is a general rule of thumb? I'm looking at houses right now and basically, I will not buy a house without a finished basement. I've noticed that alot of houses are significantly cheaper that I like, but the only thing that gets me away from them is not having a finished basement. I'm kinda in a time crunch, because my FHA 4.7% interest rate only lasts for so long. Hell of a time to buy a house right now.

I don't want to put a room down there or anything. Don't really need a bathroom either. Just a wet bar, some good chiefs memorabilia, and make it a nice rec room. BTW, I am not handy at all. Unless it's something I can learn in a weekend, I ain't doin' it. Any good reputable companies around here that specialize in that kind of thing?

luv 03-24-2009 09:37 PM

I don't know the answer to your question, but I do know that you will probably pay less for a house with an unfinished basement and finishing it yourself than you will for a house with a finished basement. You're also smart to have someone else do it, especially if you're not handy. You try to do it yourelf, and you'll have the cost of doing it AND having it redone.

Bugeater 03-24-2009 09:43 PM

$10K on up to whatever you're willing to spend.

Iowanian 03-24-2009 09:44 PM

How much does a car cost?


How much does food cost?


How much does a Christmas present cost?

how big is a breasticle?

DeezNutz 03-24-2009 09:44 PM

I wouldn't let an unfinished basement be the deal breaker, dude.

That's pretty damn low on the hierarchy of what's really important.

luv 03-24-2009 09:46 PM

Are you sure you don't want a bathroom near the wet bar? Stairs can be tricky when you're drunk off your ass.

Bugeater 03-24-2009 09:50 PM

Quote:

Originally Posted by luv (Post 5608074)
Are you sure you don't want a bathroom near the wet bar? Stairs can be tricky when you're drunk off your ass.

All men need is a floor drain, and every basement has one.

RJ 03-24-2009 09:50 PM

Carpet doesn't cost very much.

Do you want a basement refrigerator?

Assuming the basement doesn't have a bathroom, how far do you have to go to take a piss?

How finished is finished?

KcMizzou 03-24-2009 09:51 PM

Quote:

Originally Posted by Bugeater (Post 5608084)
All men need is a floor drain, and every basement has one.

LMAO

Exactly.

BWillie 03-24-2009 09:51 PM

Quote:

Originally Posted by DeezNutz (Post 5608072)
I wouldn't let an unfinished basement be the deal breaker, dude.

That's pretty damn low on the hierarchy of what's really important.

Yeah, I have strange priorities. I don't even care if my house has a garage. WTF am I gonna do with a garage. As long as I don't live on a busy street. I'm thinking my car will be alright.

BWillie 03-24-2009 09:53 PM

Quote:

Originally Posted by RJ (Post 5608085)
Carpet doesn't cost very much.

Do you want a basement refrigerator?

Assuming the basement doesn't have a bathroom, how far do you have to go to take a piss?

How finished is finished?

I already have enough refrigerators. I don't need a bathroom in the basement, mainly because that will skyrocket the price of how much it would cost. In a perfect world, it would be nice. But I'm not planning on making it rain. Just want a nice area where I can put a wet bar. Pool table, big screen, and ping pong table. Not for beer pong, but for Ping Pong. Best sport in the world. I love non-cardiovascular sports.

luv 03-24-2009 09:54 PM

Quote:

Originally Posted by BWillie007 (Post 5608089)
Yeah, I have strange priorities. I don't even care if my house has a garage. WTF am I gonna do with a garage. As long as I don't live on a busy street. I'm thinking my car will be alright.

You get a house, you're gonna need storage.

luv 03-24-2009 09:55 PM

Quote:

Originally Posted by BWillie007 (Post 5608090)
I already have enough refrigerators. I don't need a bathroom in the basement, mainly because that will skyrocket the price of how much it would cost. In a perfect world, it would be nice. But I'm not planning on making it rain. Just want a nice area where I can put a wet bar. Pool table, big screen, and ping pong table. Not for beer pong, but for Ping Pong. Best sport in the world. I love non-cardiovascular sports.

If you could spend $5K to put a bathroom down there, it would definitely help jack up the price come time to sell. Just sayin'. Even if it's just a half bath.

DeezNutz 03-24-2009 09:56 PM

Quote:

Originally Posted by BWillie007 (Post 5608089)
Yeah, I have strange priorities. I don't even care if my house has a garage. WTF am I gonna do with a garage. As long as I don't live on a busy street. I'm thinking my car will be alright.

This this is going to be your first house, you should be thinking primarily about resale because this definitely won't be your last home purchase.

Get in the investment mindset. Location. Lot. Stuff like this that will be important, not necessarily to you, but the next guy.

The problem with sinking money into basements is that, unless it's a walkout, it doesn't count toward your overall square footage. In other words, it might make the place more desirable, but you might not necessarily make any money off the investment (or even get all the money you put in back).

KcMizzou 03-24-2009 09:56 PM

Quote:

Originally Posted by luv (Post 5608091)
You get a house, you're gonna need storage.

Yeah. For all the shit you think you might use someday, but never do...

I've got tons of it.


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