Michigander
Senior Member
- Joined
- Oct 23, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Michigan
Jason, I am in Michigan (not too dissimilar to your NJ location as far as temps) and in my little area, the value of a basement versus a slab or crawl space is absolutely huge! I did my demo on a slab foundation house in a neighborhood that had both, and the difference through paired sales 5 years ago was between 18K - 22K on a simple 150K house in this particular instance. That is a pretty huge difference in my opinion. I would urge against using basement houses if possible.