Reply to Value of basement in NWDC

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[quote=Anonymous]I don't know the market and comps in this specific area so I won't get into the numbers (really you just need to check how much it would cost, how much a 3 bdr in your area is worth and how many basement rentals find a taker to get your answer on a financial point of view) but my gut feeling:
- people really want a 3rd bedroom or at least an easy possibility to add one (ie a basement not fully finished but close enough ). So in terms of resale it makes a huge difference ( not necessarily a good return on investment if you sale too soon, but at least will enable your house not to stay on the market long if priced right) 
- I am not sure a rental unit in a 1.3 M$ home is as attractive, I only own a 650k home but I already don't want to deal with a renter and have to share my space/yard/entrance. What I personally really care about is additional space for guests/family/nanny ..

Either way, don't expect a high ROI if you plan on selling in the coming 3/4 years, that type of big investment need more time to pay itself [/quote]

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