If you didn’t catch “Finishing Your Lower Level to Sell Your Home – Part 1″ please click the link to check that out. Along with the new bedroom and bath photos is gives an explanation as to why you may or may not want to finish off your lower level prior to selling.
This post continues to show you the before and after photos of my finished lower level. Besides the added bedroom and bath (on previous post), I was able to add 3 additional living areas. The TV area, the game/eating area, and my favorite…..the cozy fireplace sitting area.
For 20 years this lower level had been a dumping ground to put whatever we didn’t want to deal with at the time (you didn’t see the half of it!) and a place for 1-3 Saint Bernards to come in from the backyard and not have to worry about the mud and dirt.
As with the bedroom and bath, decisions were made on the fact that it is a lower level and will be sold in five years. Luxury Vinyl Planks were put on the floor for durability for us with Saint Bernards but also the the fact it is water proof for a lower level with a sump pump and walk out to a pond.
The flooring was continued throughout the entire space including the bedroom and bath making it one continuous space. The durability and look will be a selling feature as well. The goal was a budget of a lower level but a finished space that doesn’t look like a lower level. 🙂
Before and After TV Area (aka my hubby’s area):
Before and After Game/Dining Area (tough to move the big dog; her favorite spot):
The Hearth Area (my spot and personal favorite):
With the cost savings mentioned in the first post due to being my own general contractor, it has been determined that the added bedroom, bath and living areas will increase my selling price at least equal to what we spent; and hopefully it will continue to increase. Plus we get at least five years to enjoy it before we move. Win Win!!
So if you are looking to finish off your lower level to sell your home you need to:
- Determine how many years until you sell.
- Discuss the added value for the additional square footage with a Realtor that works in your area.
- Get bids from all contractors and vendors to determine the total costs.
- Research costs on ALL materials such as hardware, paint, trim, faucet, toilet etc. that may not be included in any of the contractor or vendor quotes.
At this point you can begin to make some decisions and move forward if it makes sense. My big caution to you: DO NOT OVER BUILD FOR YOUR AREA AND TIME FRAME. Meaning, there is only so much you can get for your square footage and don’t go all out and with a massive wish list. If you notice, I did not do any built-ins as I was not going to get the return on my investment within the 5 year projected sale date.
It’s a big decision but one we decided to make at this point for us. Be sure to bring in trained and certified professionals to guide you through the process.