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Rehabbing & House Flipping

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Jason Radzyminski
  • North Olmsted, OH
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To finish a basement or not

Jason Radzyminski
  • North Olmsted, OH
Posted Jun 30 2016, 04:23

Our team is having an internal debate on whether or not to finish a basement.  We have purchased a Pulte home within a development where homes are selling for $100 to $115 a square foot.  75% of the comps have the same kitchen, bedrooms, and bathrooms from the original build out along with unfinished basements.  In order to separate our property, we are obviously rehabbing the those three key areas, however our team is split on whether or not to finish the basement.  Can anyone share thoughts or experiences on the value of finishing a basement for a flip in a market where homes are selling for $100 to $115 a square foot, with the average square footage being 2,200 sq ft a home.

Thoughts?  Experiences?

Thanks in advance to everyone who comments!!

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