Is a large basement worth finishing for the resale value of the home??

I'd say look at some comparables in your neighborhood with finished basements and some with unfinished basements. That will give you an idea of if it's worth it or not. I used to be a mortgage underwriter and I'll say that it really depends on your neighborhood and what people are looking for in that neighborhood. The most bang for your buck will be updating kitchens and bathrooms.

Sure finishing a 1,700 square foot basement can be a beneficial investment for resale value, especially when done thoughtfully. If you’re really considering this option, really do some real careful planning carefully and researching the market in your area or the area where the home is to be sold. Sometimes it can help ensure a positive return on investment and a few times I seen it as a flop and a waste of money.

Research the demand for finished basements in your area. In regions where this is desirable, you're more likely to see a good return on investment. Like we did a basement many years ago and lost our ass on. because in that area nobody was doing them and it was in a flood zone area.

Goes to show. DO YOUR HOMEWORK FIRST before putting up any money. Don't be like us and learn the hard way.

It was for us at our last home .. sold before the mess in '07 to-'09. We added ~1100 sq ft - Family room, bathroom, legal bedroom, mud room entrance from walkout, two storage closets, small office, unfinished storage area and a butler station/bar sink/minifridge and FR wired for surround sound. Cleared about $25-$30k. That's w me doing most of the work other than drywall and electrical. Finish was equivalent to rest of house.

Gotta be careful not to become the most expensive place in the neighborhood. Ours kept us about 15-20% below biggest homes w partially finished basement.

Be sure to understand water leak history /potential - if foundation is all concrete block its more likely if any water issues in the area

You could also only finish part of the basement and leave rest for storage. Good advice here from others re reasearching the market carefully perhaps w a realtor's input.

Depends; If it only has one bedroom then probably especially if you are in an area where you could rent the house out or to couples with kids. It looks like it could be made into a studio type with a small kitchen area if you could have a bedroom and small bath also.

I want to up the resale for the home. It's not for me. I don't know if I will gain money from finishing the basement or if it's not worth it doing at all

I think so if I was going to live and use the space for a while before selling it, but if it is a flip type deal no then.

Not sure about resale but I’d say it’s worth it just to enjoy

Discuss with some realtors and with your municipality first to see if that would affect the assessed value of the home, and by how much.

If the home (without finishing it) appraises out like comparable homes in your area, then it will be a toss up. If you finish it out as bedroom or a space that could be a bedroom, them it might add value... if there is a market in your area for whatever number of bedrooms that would give you.

Even a DIY will cost you $10k+, but if you want it, do it.

I love the masculinity in this room and the professional level replies thank you guys👍

That looks a nice space.

Of course it is. Must be permitted to have the Value translated to the next Buyer.

I suppose it will help it sell faster but don’t expect it to raise the asking price by much

Not a simple answer it does come down to the cost of finishing as a percent of the homes current value.

It could be a small apartment.

Yes