Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Basement Development

Calgary14 · 08-26-2016, 09:21 PM

I am thinking of having our basement developed, it is currently undeveloped aside from electrical already completed. It is about 700 square feet. The house is a typical two story, 3 bedroom, 2.5 bathroom house. It would cost about $40k to have the basement developed.

The basement would add another bedroom, full bathroom and rec room.

In general is it worth the investment to have a basement developed or do most buyers prefer an undeveloped basement so they can customize it?

If a homeowner spent $40k on developing the basement, would they get the $40k back if they decided to sell their house in 5-8 years by adding it onto the list price?

08-26-2016, 09:21 PM	#1
Calgary14 First Line Centre Join Date: Jan 2014 Exp:	Basement Development - Worth The Cost? I am thinking of having our basement developed, it is currently undeveloped aside from electrical already completed. It is about 700 square feet. The house is a typical two story, 3 bedroom, 2.5 bathroom house. It would cost about $40k to have the basement developed. The basement would add another bedroom, full bathroom and rec room. In general is it worth the investment to have a basement developed or do most buyers prefer an undeveloped basement so they can customize it? If a homeowner spent $40k on developing the basement, would they get the $40k back if they decided to sell their house in 5-8 years by adding it onto the list price?