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Updated almost 9 years ago on . Most recent reply

User Stats

27
Posts
1
Votes
Jerome Foster
  • Real Estate Investor
  • South Holland, IL
1
Votes |
27
Posts

Egress Windows for BASEMENTS in ILLINOIS

Jerome Foster
  • Real Estate Investor
  • South Holland, IL
Posted

I am looking for opinion on VALUE ADD for egress window in basement.   I have heard that this can INCREASE value of your home substantially, and also INCREASE RENT potential for buy-hold properties.   Also, if anyone has contractor recommendation for Chicago (south), pls advise. 

  • Jerome Foster
  • Most Popular Reply

    User Stats

    1,314
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    Matthew Olszak
    • Real Estate Broker
    • Chicago, IL
    2,059
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    Matthew Olszak
    • Real Estate Broker
    • Chicago, IL
    Replied

    @Jerome Foster Since we're talking value add, I assume you are referring to having the basement count as a legal living space as a way to add value?

    If that's correct, you also have to take into account a number of other factors beyond just the egress. Ceiling height, maximum distance from the exit to the furthest point in the unit, requirements for natural light and ventilation, and sqft/room are just a few. I wouldn't consider the egress itself much of a value add unless its the final item needed to make the basement a legal living space.

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