Any addition rooms you add to your home is a value to the purchaser and can help your home sell faster and for the highest possible price. Buyers are always looking for homes with finished basements. Congratulation on upgrading your home for a better change in the market to get the highest and best price on the market.
Congratulations on finishing your basement. The total square footage of your home has not changed if any part of the basement that you finished is earthen (beneath ground level). The work you've done may still translate into more property value if similar homes with finished basements have recently sold for higher selling prices.
The square footage hasn't changed - you've just finished more of it. Enjoy it. Appraisers and lenders value square footage below grade (basements) differently - even when finished.
If and when you are ready to sell, you might want to pay for a prelisting appraisal, b/c you will need an appraisal to be able to list that extra room as marketable square footage.
If you currently are paying mortgage insurance and you want to use the improvements to drop the PMI, call the lender and discuss with them. they will do an appraisal. this appraisal can also be used to verify square footage when you are ready to sell.
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