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Yes, adding a walkout basement will usually bump up your property value. Most homeowners prefer walk out basements because the exposed wall that’s level with the ground provides more utility via a ground-level exterior entrance, and they can fit full windows, which adds natural light and ventilation to the basement area. The only exception might be in areas prone to tornadoes, as walkout basements aren’t as safe as regular basements during a tornado, particularly if they include large windows or glass sliding doors.

The cost of finishing a basement is about $18,400 on average. As you can see, the framing portion of this project costs less, because you’re essentially just dealing with laying the foundation for a finished basement. The finishing portion of the project involves a lot more intricate work and design, as well as high-end materials.

While framing a basement is not as difficult as finishing a basement, it's something you should typically leave to the pros. That’s because if something is installed correctly, it will affect your entire basement. However, you can take care of some of the smaller tasks, like filling holes or putting up some insulation.

Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction. 

Most homeowners pay between $100,000 and $200,000 for demolition and remodeling costs, whereas the average cost to build a new home is between $139,000 and $531,300.