Digging Out The Basement

I m in a market where a fully rehabbed 2/2 townhouse with an unfinished basement can go for 240K. If I dig out the basement, pour concrete and turn it into another bedroom, what do you all think that would add to the price?

Comments(4)

  • NC_Yank2nd April, 2005

    Rehab hit the nail on the head from the financial standpoint.............at the same time I felt it important to point out that taking full basements and remodeling them for sleeping quarters is a big No - No.

    Sleeping quarters must have a means of egress other then the entry door to the bedroom. If you have a "day basement " then may be able to do such as long as window size and height meet safety standards.

    I have inspected a few homes that were upon a crawl space built upon a "day basement" lot. Depending on the design of the upper floor........such homes can be converted for addtional square footage....................but most people do not build a house upon an 8 foot crawl space.

    regards

    NC

  • mikejaquish2nd April, 2005

    I agree with Rehab and Yank, except....

    NC_Yank,
    Come to Wake County and I will show you MANY older and newer houses built with 10-12-14 foot crawlspaces.
    I was in one a few years ago that the owner had left a 14 foot wood ladder in for maintenance purposes....
    Boggles my mind.
    [addsig]

  • mark13692nd April, 2005

    Thank you all for the help!

  • NC_Yank2nd April, 2005

    Mike,



    I have seen a few of such crawl spaces.....................I dont know what you pay for concrete but for $2.00 a sq. ft., I can turn those crawls into a basement.

    NC

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