We're looking to move from an apartment to a house that's a good size, but has no basement. It's a little bit overpriced for the house itself, but it's in a good location and we might be able to negotiate to market price. We're concerned about resale value. The house has a crawl space sized attic. Would you buy a house with no basement?
2006-12-10 23:07:06 · 10 answers · asked by Bored with Questions 2 in Business & Finance ➔ Renting & Real Estate
i went through the same thought process when i bought my first house. i came to the conclusion that having a basement is a very important thing to have. it's where you have storage, laundry, maybe a workshop. also for the hot summer there is no better place to be because the basement stays nice and cool. if you have kids a basement rec-room is the perfect place for them. they're still under your roof and you can keep track of them but they're not in your hair all the time. i looked a few with just a crawl space and i am very happy that i did not buy them. a basement is a good practical thing to have.
2006-12-10 23:16:41 · answer #1 · answered by Anonymous · 0⤊ 1⤋
we used to have a basement, moved to fl to house w/o basement (they're rare in fl) I'm not very happy because always had one, now my garage is stuffed (other option to rent a storage unit since we're in a restricted community that doesnt allow for sheds. I'd buy a house w/o but only if I felt it had adequate storage for things like holiday decor, out of season stuff and all the misc stuff that we sometimes keep. So property size matters (can house be expanded if nec. for additional storage space) a prospective buyer will look at that too (some people don't want basements because they don't want to lug stored stuff up and down stairs.
If the house is in a good location, school dist., not on main road, but close to, the higher price is ok as long as you plan on staying a while, with market highs if theres a drop it make take a while before you get back to your price again if you wanted to sell.
>>> Just a point to consider
2006-12-10 23:29:12 · answer #2 · answered by Chele 5 · 0⤊ 0⤋
The busy road would concern me more than the basement, tho basements are nice. I live in Texas and no one has a basement and we all survive. But it's nice extra space for many things. The noise a busy road will produce will, over time, really start to annoy you. A well located home will be on a side street far from main roads. Keep looking. With all the foreclosures around you are sure to find a good deal which meets your requirements.
2016-05-23 04:48:05 · answer #3 · answered by ? 4 · 0⤊ 0⤋
i sell real estate in Ohio. i would say at least 50% of clients do not wan a basement. the #1 reason is getting water in basement and #2 is walls start to come in. i don't know where you are but Ohio has alot of clay soil which does not drain good.and has a tendency to push walls in. i have a basement and i have had a little water and walls are a little off plumb,but not much. i prefer a basement. for two reasons. #1 extra storage and rooms and i can get to all my wiring and plumbing very easily if i have a problem or want to change something. for resale purposes you will run into people who want a basement but there are just as many who don't. hope this helps.
2006-12-10 23:25:01 · answer #4 · answered by sammyjk1 3 · 0⤊ 0⤋
It depends on the area. If most houses have a basement then you will receive less when you sell. If it is the norm then I would go for it. Another idea is to expand the home in the rear and add a part basement under the extension.
2006-12-11 04:24:39 · answer #5 · answered by tianaramal 4 · 0⤊ 0⤋
Yes.
Houses here (Louisiana) CAN'T have basements. The water table is too high ... dig five feet and you're knee-deep in water.
If you can negotiate to market price, maybe get it. Possibly you could add on a storage room or expand the garage to make up for the lack of storage/laundry space. I'm assuming that if you ask this, you're used to basements. But trust me, it's not that weird to not have one, and it'll be all right to get used to.
2006-12-10 23:16:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Sure but it depends upon the location. See the ans from LA. Up here in New Englad a basement is almost a necessity except for seasonal properties or mobiles homes.
2006-12-11 00:50:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Me no but my name will not be on the mortgage, every check that goes out of the house and my head will not be on the pillow every night. You should not buy the house if that is a concern from the word jump (and it sounds like it is) your concerns will most likely lead to frustration and dissatisfaction down the road so you should keep looking for something that suits you better it is out there and when you see the right house you will know it there will not be as much uncertainty as you are feeling now.
2006-12-10 23:20:23 · answer #8 · answered by crawler 4 · 0⤊ 1⤋
Yes, if the house part had what I needed , such as a utility room. Also, does the property have a garage?
2006-12-11 00:31:34 · answer #9 · answered by kingstubborn 6 · 0⤊ 0⤋
Sure. If I could afford it.
2006-12-10 23:15:18 · answer #10 · answered by Anonymous · 0⤊ 0⤋