Quote:
Originally Posted by SeeGeeWhy
What do you mean by finishing a basement?
I find it hard to believe that if you are adding a bathroom and a bedroom to your house that you wouldn't see money back on that... just look at the difference in price between a 2 bedroom, 1 bath house and a 3 bedroom, 2 bath house in Calgary in ANY community.
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Yup, if you just drywall the thing and call it a rec room you won't recover anything in terms of costs. But if you have a full bathroom down there it's a different story. A Bedroom is anything that has a closet and a window large enough to escape in case of fire. Most modern houses built within the last 10 years will have a 3 piece bath roughed in already, but some builders are cheap and won't include it in the standard features. Also it is important to note that just because the guy down the street asked for $397K doesn't mean you can ask AND get that price. This is especially true with single family housing unlike condominiums where in most cases everything can be priced within a close range due to similar specs, exterior condition, amenities and location. PM me if you have anymore questions.