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Old 01-11-2007, 05:58 PM   #56
Rhettzky
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Quote:
Originally Posted by MacDougalbry View Post
As for whether or not it adds value to finish your basement, I have read that it is worthwhile if you don't already have a family room in your house, but not so much otherwise.
I'm pretty sure it does impact the value of your house a bit. Not extensively and not enough to even come close to evening out the cost of doing the renovation but when we looked in Somerset last summer it was a $15-25,000 difference between resonably compared square footage houses that had undeveloped basements and developed ones. Of course the developments that had the largest impact on price were the ones that had a full bathroom and bedroom area's, or ones that were walk-out basements.
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