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Building a bar in the basement will likely add value to your home, although it’s unlikely that you’ll see a significant return on investment (ROI) unless you plan on using the space for you and your guests. If you think you’ll use the area frequently, though, it’s probably worth the investment, and you should see a bump in value if or when you sell your property.

A finished basement does not always count as square footage, as this varies by state regulations. In areas that allow below-grade spaces to be included in a home's official square footage, the basement must typically meet certain conditions. These conditions often include having a functional egress and being a livable space with flooring, finished walls, and temperature control. To be certain, contact your local assessor to confirm your area's specific policies regarding basement square footage.

Yes, in most cases, finishing a basement is worth the cost. The project adds valuable, usable square footage to your home and typically provides a return on investment (ROI) of 70% to 75%. For example, an average basement refinishing project costing $32,000 could add between $22,400 and $24,000 to your property's value. The final value added depends on factors like your location, the quality of materials and workmanship, and the features you include, such as a living space, bedroom, or bathroom. To be officially counted in your home's total square footage, the finished space must comply with all local building codes, including requirements for points of egress. However, in areas prone to flooding, a finished basement might be seen as a liability by potential buyers and could potentially decrease your home's value.

Any bowing in a basement wall indicates a problem that needs to be addressed by a professional. If your basement wall bows more than 1 inch, it's time for an inspection. Generally, a wall can bow up to 30% of its thickness (around 2.5 inches for an 8-inch-thick wall) before it becomes an urgent situation. Bowing of 2 to 4 inches is more straightforward to fix than bowing of more than 4 inches, which will require significant repairs. If the bowing is more than 6 inches, the wall will likely need to be replaced. The sooner you address the problem, the easier and less expensive the repair will be.