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Basement or extra storage add's to appraisal value?

ny_lim

Thread Starter
Freshman Member
Joined
Dec 7, 2019
Professional Status
General Public
State
California
2bd 1ba SFR in San Jose, CA.

Have an underground basement below living space. Have racks that have been used as storage. Have a latch door that swings up and steep stairs that lead down to the basement.
Can see the foundation in the basement and a small crawl space for maintenance.
Have a light and smoke detector installed.

On a tight budget, should i leave it as is and if that adds some value to an appraisal?

Or how should i convert it so it adds value to an appraisal?
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Certified Residential Appraiser
State
California
It's not likely that the cost involved in improving the basement will be returned by the market.
 

glenn walker

Elite Member
Joined
Oct 11, 2006
Professional Status
Certified Residential Appraiser
State
California
Leave it alone converting it can be done by a new buyer to his/her wants and needs :)
 

Lee in L.A.

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
Typical California basement with no additional value in the market.

What they said. :peace:
 

ny_lim

Thread Starter
Freshman Member
Joined
Dec 7, 2019
Professional Status
General Public
State
California
Thanks for the feedback guys. The conclusion is just leave it. :)
 
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