Welcome to the UtahPropertyTeam.com Blog

2014-12-10 09:54:59
Finished or Unfinished Basement...

Recently a client asked me if finishing his basement would be a good idea to assist in the resale of his home.  So I did some quick analysis this morning to check that theory.  Here's what I searched:

Homes all along the Wasatch Front, full basements, sold in the last 90 days.

With basements 0-50% finished the numbers were:

269 homes sold/$263,717 median price/44 average days on market

With basements 51-100% finished the numbers were:

970 homes sold/$340,460 median price/48 days on market

There are some other factors not mentioned, but at first glance, it looks like finishing your basement will gain you 29% increase in the price of your home.  Before you spend money on your home or if you have questions about a specific city and/or property, please let me know and I'll do a more detailed analysis for you.

Thanks for reading!!!

Aaron

 
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2014-12-30 12:50:58
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2014-12-10 09:54:59
Finished or Unfinished Basement...

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