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Updated almost 3 years ago on . Most recent reply

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4
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1
Votes
Bryce Barrand
1
Votes |
4
Posts

West Lehi home - should I finish the basement before selling?

Bryce Barrand
Posted

I have a home that I've been renting out for years, the renters are moving out, and I'm going to put on the market soon. See the home here: https://www.zillow.com/homedet...

Based on the comps, it looks like this home might be worth $850k or more with an unfinished basement. It is a nice house and setup well to have a mother-in-law space downstairs. My question is this: Should I finish the basement before selling? If I put in 50k to do the basement really nice, could that raise the overall sale price $100k or more? 

Thanks in advance for the advice.

Most Popular Reply

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333
Posts
248
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Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
248
Votes |
333
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Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
Replied

Hi Bryce, what I'm seeing right now is that it typically isn't worth the cost to finish basements (it will probably run you more than 50k as well, you also have to consider the opportunity cost of waiting for it to be finished in a VERY labor short market). I have a GC who could give you a bid as well.

I am happy to connect and look at this more in-depth.

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