Resale Value And Basement Flooring

It feels like just another room in the house.

Resale value and basement flooring.

If finished a basement can add even more up to 40 000 or 50 000 to the asking price. Hardwood flooring is an easy way to increase home value. As you step from the main house and go down the stairs to the basement the finishing remains the same. 1 the best flooring for resale.

1 1 what flooring typically yields the highest resale value. Finishing a basement will run you 18 400 on average but can cost up to 34 000 largely depending on your square footage. Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value. The colors flooring and overall style do not change radically.

While there are a wide range of options experts estimate that popular woods such as oak or walnut cost around 5 10 per square foot plus an additional 4 8 per square foot for installation. 1 2 what flooring typically yields the lowest resale value. This allows the basement to be put to a variety of uses such as a family game area an extra sleep space a home wine cellar and so on. 1 4 are there any common misconceptions on how certain.

1 3 are there any hidden gems. Homeowners in the west south central region of the united states including oklahoma arkansas texas and louisiana see the second highest return at 80 8 percent with an average remodel cost of 64 827 and an average resale return of 52 368. Best floors for increasing home resale value sep 06 2018 whether you re planning to put your home on the market in the next year or planning to relocate in the next few years now is the time to start planning what updates or remodels would be beneficial for increasing your home value. For homeowners planning to sell this easy transition can help boost the value of the home as well as square footage.

Flooring options that people don t typically think of first but generally do really well on the market. The number one thing a seller can do to kill the resale value of their home is to put multiple types of flooring in a house says petrocco a prominent member of cave s real estate team. A finished basement can add a lot of value to your home both in the resale value as well as the extra space that your family can use. In this region the average basement remodel cost is 84 062 and the resale return is 72 664.

The project involves installing drywall flooring and paint but can recoup up to 70 of the cost according to homeadvisor.