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Old 03-09-2022, 02:03 PM
 
306 posts, read 479,932 times
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Hello I have a friend who is thinking about finishing a small 500 square foot part of her basement.

What is the general rule of thumb the last 10 years. We have had an unfinished basement, but I believe each community would have a permit fee(any idea what those runs for a basement?)

Also property taxes which are already crazy high in IL I believe would go up as well. Any recommendations or input is appreciated on what I can tell her. Thanks
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Old 03-11-2022, 12:13 PM
 
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Permit fees depend on the suburb and will vary. Many communities have the permit fees and requirements listed on their website, do a search. Depending on what is done, taxes could be minimal. Adding a bathroom, expect a hike.

I wouldn't let any tax hike influence my decision, especially if the work is going to add to my enjoyment while living there and,if done correctly, may add to the value of the home when it's time to sell.

Last edited by BOBNCHI; 03-11-2022 at 12:50 PM..
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