Basements, would you go half way or all the way under the footprint of the house?

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crashbang
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Basements, would you go half way or all the way under the footprint of the house?

Postby crashbang » Thu Dec 30, 2021 4:44 pm

Decided over the holidays that this is something we would like to start planning seriously for.

Wondering if those who have done either of these options would be happy to share if they are happy with what they chose. There is non surprisingly a big difference in price between doing a half and full footprint basement and wondering if we would regret stopping at the kitchen i.e. just going under the front half footprint. Any recommendations also much appreciated. Thanks so much!
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dekomes
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Re: Basements, would you go half way or all the way under the footprint of the house?

Postby dekomes » Fri Jan 14, 2022 11:29 am

Hi - if you are going to go to all the fuss and bother of, architects, engneers, building control and planning permission- to mention a few - you may as well go for a full basement- even if it means doing a mortgage to complete- the value appreciation to your property will be worth the effort - even if you just get all the planning approved - that in itself will add value to your property
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BTC_mum
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Re: Basements, would you go half way or all the way under the footprint of the house?

Postby BTC_mum » Mon Jan 17, 2022 6:55 am

Sadly the days of a basement adding value to your property are long gone
The cost of the building is far greater than the value add.

We looked last year and the cost of the full footprint extension was around £600k, which would add just £400k to the value
A half footprint was around £350k and would add around £200k

So the main advantage of doing the half footprint is that you don’t lose as much money..!

It is also worth thinking about if or when you are likely to move. The feedback we got from estate agents is there is less buyer demand for very extended terraces
So a standard BTC house with a full basement is going to have an asking price of £2.2-2.5m, but there aren’t as many buyers for those houses as there are for under £2m, so it will take longer to sell when you come to putting the house on - months rather than weeks for a smaller house
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