Quote:
Originally Posted by luv
So, why do I always hear that so much spent in upgrades brings back so much more at resale? Well, with the exception of bathrooms. I think the highest return I've seen on bathrooms is like 80-90%. Would a finished basement not be an upgrade? Especially if he tries to put minimal cost into it? And how much of a return do you think he'd see on putting a $3000 bathroom in the basement?
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Because basements, if they're not walkouts, aren't figured into the overall square footage of the home.
Some upgrades net great returns, bathrooms and kitchens in particular. Some upgrades, like putting a pool in the backyard and finishing a pit basement, are buyer beware.
Finishing the basement might make the house more appealing, but he might not get all of his money back from his investment, let alone make money on the deal.