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Home Improvement, Design, and Decorating
Reply to "Value of basement in NWDC"
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[quote=Anonymous]Our basement in dupont was recently renovated. Cost around 70k. We moved and modernized the mechanical. And removed the internal connecting stairs ( if you want to keep connecting stairs and have legal appartment just make sure the new doors you put in are fire rated etc). We now have a legal rental unit which will pay for the cost of renovating in 2 years. We had no dig out. Add 30k for that. Banks will assess that the value of the house has increased but the square footage value is calculated less than the main house. I think it is worth it especially if you rent it out. If not renting then the house value at re sale becomes more of an issue. But I expect the next owners would live a rental unit potential. [/quote]
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