HOW CAN WE RECOUP THE
MONEY WE INVEST IN THIS PROJECT?
Investment Analysts agree that besides kitchen and bath renovations, Finished Basements provide the biggest return on homeowners'
investments. Take this example from Remodeling Magazine. The National Average for a 788 Square foot basement would
be $43,112.00 with a resale value of $33,911.00. The cost recouped by the homeowner would then be 79%.
that JH Basement Finish comes in approximately 30-32% below the National Average; this means you will show a net profit of
approximately 10-20% when you finish your basement with our company. This profit can be increased even more dramatically
when you decide to add a kitchen or Wet-Bar area.
WHAT IF WE
DECIDE TO MOVE, HOW WILL FINISHING OUR BASEMENT AFFECT THE RESALE?
to MoneySense, March 29, 2004, the answer is as follows:
"If you can complete the basement you will increase
the sale ability and price of your home...stick with an open concept floor plan, and perhaps add a bedroom/office with French
doors if the space permits, finish the bathroom also...
A lot of people do not have the money to spend after making
such a large purchase, so the fact of having a home that is totally finished (keep in mind that workmanship must be good)
will definitely be a plus!"
"Most people do not have the time, energy, finances, knowledge, etc to renovate
so if it's done with quality the home is more attractive, gets a better price, and sells quicker. Consider...planning for
an apartment. Parents are living longer, kids are staying at home to obtain an education so it is a really smart idea. If
those situations don't fit you then you could rent it out or visitors to your home can have complete privacy."
WHY NOT AN ADDITION AS OPPOSED TO FINISHING OUR
According to Home Plan Finder the cost of adding square footage to your home in the construction stage
or in an addition is as follows:
For this region of the country the low price per square foot is $70.90, the medium
price per square foot is $96.90 and the high price per square foot is $120.90.
Since the national average for completely
finishing your basement is between $30.00 and $70.00 a square foot; it is easy to see why this is a much better choice in
adding additional square footage to your home.