Albuquerque Homes with a Basement
Albuquerque Homes with a Basement. Searching for an Albuquerque home with a basement may not seem like a big deal, but it can be. Basements are not a common feature here in the Albuquerque High Desert real estate market. With a quick check of our currently available inventory of residential-detached homes, only 63 or about 2% had a basement. Certain areas of Albuquerque have a higher saturation of basements. The UNM and historic districts like Nob Hill, Downtown, and the Old Town areas all have older homes. Basements were much more common during that timeline.
I do not have a full understanding of why Albuquerque homes with a basement are so limited. The soil here is quite diverse from Granite in the Foothills to Sandy in the NW. In the Valley area, a cellar may lend itself to groundwater from the Rio Grande river permeating through the structure.
It may also have to do with construction costs. More excavation, framing work, and concrete would undoubtedly add to this. New production type builders must remain competitive in the market. Since Albuquerque homes with a basement don’t seem to be in high demand, they simply don’t offer the option. A custom builder however would gladly entertain the idea.
When an Albuquerque home with a basement does enter the market place, it often attracts some added interest and curiosity. After all, who doesn’t love an awesome functional basement? They make the perfect game room, home theater, family room, hobby room, or just some needed storage. Basements are an excellent feature and maximize the available footprint of most lots.
5 Benefits to a Basement:
Having a basement means you have extra storage, a place to hang out, and added privacy but there are other benefits to having a basement in a home. With your building a new home or buying an existing Albuquerque home with a basement, here are five benefits to a home with a basement.
#1. Extra storage.
Even an unfinished basement can add additional storage to your home. You can create an organized storage space where all of your items are easily accessed or just a great place to store Christmas decorations and holiday stuff.
#2. Additional living space.
When you finish off a basement, it can be a great place for an additional bedroom or even a bathroom offering more square footage and increasing the value of the home. A finished basement definitely adds a lot more value and you can have a space for a bedroom, bathroom, or just a fun game and family room.
#3. Added privacy.
Having a basement, especially a completely underground or daylight basement means that your guests or family members have more privacy. If you have out-of-town guests, they can stay in the basement and feel more independent with more privacy.
#4. Increased home value.
Having a finished basement with more square footage and finished square footage means that your home will gain more value. If the basement is unfinished, the square footage is not considered livable and is usually not considered on a listing agreement. But if you finish the property, an average basement remodel can return 70% to 75% of your investment and you get to enjoy the added space as well.
There is nothing more fun than a man cave, family room, or just a second TV for the kiddos to have fun and be away from the rest of the house. Having a basement that is completely finished complete with a wet bar, big-screen TV, and comfortable couches means that the noise and party can be kept downstairs while you enjoy peace and quiet upstairs.
You are in the best place to find all available Albuquerque Homes with a Basement for sale.