Compare 2 homes in Allentown

Upara
Home Buyer
Allentown, PA

One home with 2500 sq ft with UnFinished basement of 1000 sq ft. priced for 302K and another Home with 3600 sq ft with Finished basement with township permits etc for 302K. The difference is property taxes for the 2 homes because of the sq footage. Please advise which is a good buy. Both are located 2 miles of I78 and 0.5 miles off 222 Bypass and are 8.5 years old and well kept. Does the finished basement with higher property taxes HAS more value than the other in the long run(i mean 3-4 years down the line)..
Thanks..

Answers (2)
Deb Fusco
Agent
Allentown, PA

Hi Upara,
I'd say that if both homes are equal in every other way to go with the larger home with the finished basement. You didn't mention how much higher the taxes were but if you can afford the monthly payments for either home (and your mortgage person should be able to give you the difference in payments), pick the larger. You don't have to finish off the basement which alot of buyers want lately so for resale purposes this may be your better bet. Call me if you need a good Realtor! Deb Fusco/Weichert Realtors/(484)515-9627

Mon Jul 6 2009, 15:10
Sean LaSalle
Agent
Center Valley, PA
FIRST ANSWER

Well, first, which one do you like better? A 1000 sq foot basement to be finished will run you about $20 - $35 per square foot. It will vary on the type of finishes you put into it. (bathroom, lighting, rooms, etc.) A finished basement doesn't add as much value to a house as it used to. So no, it doesn't have much monetary value. The homes should appreciate or depreciate at about the same rate. Hope that helps, if I can be of further assistance, please contact me.

Sean LaSalle
Weichert Realtors
610-737-5369

Mon Jul 6 2009, 14:16

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