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?
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