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!!!


Blog Archive
2014-12-30 12:50:58
Let's Talk Home Flooring...

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

2014-10-17 13:42:55
Ten Best Places to Live in Utah

2014-08-08 16:23:30
Do you live in one of the safest places in Utah?

2014-08-01 16:18:07
What is happening in Alpine City?

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.