Will finishing my basement increase my home's resale value enough to be worth it?

As long as you do not go overboard, you typically recoup the majority of a basement completion. The biggest problem to watch out for is in the quotes; #1, they will be all over the place so make sure you pay close attention; and #2, don't get lost in the "upgrades." If you are primarily doing this for future resale and enjoyment until then, throwing insane amounts of money into a small basement will ruin you. I did my basement about 15 years ago and it was 800 square feet, the quotes ranged from $10,000 to $50,000 in New Jersey; the variances were insane! Good luck with the project.

Most home improvements do not get a dollar-for-dollar return when you sell your home. We advise our clients to do those home improvements if you still have time to enjoy them while you are living in the house. In addition, a finished basement with half bath will most likely sell faster and for more than the competition.