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Old 04-10-2018, 12:18 PM
 
Location: Long Island
8,507 posts, read 11,383,829 times
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Just do it for yourself and your kids' enjoyment. They'll like the private space when they get older too. Negligible taxes. The camel crickets should pay it, honestly.
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Old 04-10-2018, 01:43 PM
 
58 posts, read 36,971 times
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In my opinion while a finished basement may not add value to the home, it will make your home a bit more "sellable" as opposed to your neighbors equally appraised home with an unfinished basement. If two homes on the same block, basically being the same, are for sale yours is likely to sell faster given your basement is finished.
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Old 04-10-2018, 01:51 PM
 
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One more thing to consider: if you're in a flood zone, or have flood insurance, they will ONLY cover basic infrastructure items (heating, electric etc) in a basement. If you create nice living space down there and it floods from a storm, F/I or H/O won't cover it
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