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Is Converting A Crawl Space Into A Basement Worth The Expense?
On average, converting a crawl space into a basement can cost from $60,000 to $150,000, depending on the square footage. So, you might want to consider if the project is worth it.
In addition to providing additional living space, this project also greatly benefits the value a finished (or even unfinished) basement will add to your home.
While you may not recoup all of your costs if or when you decide to sell your home, homeowners can expect to see a 70% to 75% return on investment by finishing a basement.
Evaluate whether you need the extra square footage. If you're just after extra space and have the room for it, building an addition is likely a cheaper option.
The conversion is worth considering if you can only build down, have the money to spend, and want that extra storage space.