Buying Homes with Basements
I am looking into buying single family homes and came across a property that I would like to move forward with, but comes with a basement. Does anyone have thoughts on buying properties with basements? Are they more trouble than worth or can the numbers still work out? Is there a special insurance I can buy to cover in case of flooding that will cover damage?
Thank you!
Most Popular Reply
Basements are a pain but in my area they are so common that it would be rare to find a house without one . They flood , they stink they get mildew they are always cold . But renters love the extra storage space to hoard all their useless junk and bags of household garbage . If the unit has basement access then you can bump up the rent because it’s more space