Does finished Basement add value for cash out refinance

[Tomasz Poznanski]

Hello . Does anybody know...Does finished basement adds value when applying for cashout refi? 

1) does it add to overall house sf?

2) if I add 2 bedrooms in finished basement do they count and add value?

My basement 1000 sf  is below grade with small windows. It is 7 feet high finished basement remodeled with wide plank wood flooring, drop ceiling and gypsum boards, heated withbaseboard heaters hydronic. 

thanks for input.