IS FINISHING MY BASEMENT A GOOD INVESTMENT?

The National Average return on a finished basement is around 75.1% of what you spend according to Remodeling Magazine and Realtor Magazine Online.  The Denver Average return on a finished basement is around 73.8% of what you spend according to those same sources.  The Denver market is slightly lower than that of the rest of the Mountain region due to the current housing market.  These figures of course includes all the do it your self basements as well as the high quality professional finished basements. It would stand to logic that the higher and better quality finish the better your return on investment. Most home owners finish a basement to fill a need of new space for children, an office or just more space to entertain and host family and friends. Adding 1,000 square feet of a professionally finished basement at around $50.00 a square foot, is a lot less money than purchasing a new home where that same additional square footage will cost around $170.00. In this case it seems to make financial sense.

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