Quote:
Originally Posted by DaFace
Not that an appraisals are 100% accurate, but the finished basement for the house we're buying only added $5,800 to the appraised value of our place at 765'. Just FYI. That doesn't include a bathroom, though.
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From an appraisal standpoint, it completely depends on the area. In some subdivisions, a finished basement is almost standard. In those subdivisions, not having one really hurts the resale of the home.
The appraiser is supposed to look at the market and derrive the average price benefit per sf of finished basement.