Tar Heel Tip of the Week: Is a Finished Basement an Expense or Investment?

Friday, April 17th, 2015 by Jaimie Hooker


basement not yet finishedbeautiful finished basement

 

 

 

 

 

 

 

An expense is when you spend your money and the value is gone. An investment is when you spend your money and get it back in the future along with some other benefits.

When a home is valued, the size of the home is considered. Real estate agents can measure only the finished, heated square footage of a home to calculate the size of the living space. As a simple example, an 1800 square foot ranch with an unfinished basement is listed for sale as an 1800 square foot home. If two-thirds of the basement was finished, then it would be listed as a 3000 square foot home.

Clearly, a “bigger” home is worth more than a smaller one. And that’s why an investment in finishing your basement is a good one! You’ll get the benefit of enjoying the finished space while you live there and get your money back (and more) when you sell your home in the future.

Call Tar Heel Basement Systems today to schedule your appointment for a free Basement Finishing quote.

About the author
Jaimie Hooker is the Assistant Marketing Director at Tar Heel Basement Systems; authoring case studies, technical papers, creating and captioning photo albums and managing website content. She also oversees the organization of video testimonials, shows and events, Jaimie lives in the small town of Madison, NC with her husband, Paul, and 3 year old son, Franklin.