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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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How much to get a finished basement legalized?
The town came to do inspection on something else and found our finished basement. It was done by the previous owner. DH said we have to get an architect, plumber, and electrician to sign off on the 2 sinks and 1/2 bath we have downstairs. Also, we have to make an emergency window. I am freaking out on how much this will probably cost We haven't even move in yet!
Anyone have any idea how to proceed with this and how much this may cost? We are in New Hyde Park.
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Posted 2/20/13 1:24 PM  |
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blustar214
So in love with my little girl
Member since 1/10 2471 total posts
Name:
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Re: How much to get a finished basement legalized?
I recently received a quote of about $6,300 to install an egress window in the basement.
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| Posted 2/20/13 1:28 PM |
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LadyBug1209
Mommy to FOUR little men!
Member since 8/08 9655 total posts
Name:
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Re: How much to get a finished basement legalized?
Posted by blustar214
I recently received a quote of about $6,300 to install an egress window in the basement.
That is HIGH!! We just had one put in over the summer for $1800 + cost of the window which my DH got for about $300. They dug the 6 foot hole, installed the window (which is more like a door bc it's huge), made support walls with cement and even put in custom safety rails up top. We used S&J Landscaping and Construction.
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| Posted 2/20/13 1:40 PM |
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BargainMama
LIF Adult
Member since 5/09 15660 total posts
Name:
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How much to get a finished basement legalized?
How did your bank clear you to close with no CO for the basement?
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| Posted 2/20/13 1:42 PM |
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Re: How much to get a finished basement legalized?
Posted by BargainMama
How did your bank clear you to close with no CO for the basement?
Some lenders aren't as strict about C/Os, especially if they are strictly interior improvements (finishing a basement or adding a bath, as opposed to something structural like adding an extension). A lot of times, lenders just won't add any value for an improvement that doesn't have a C/O, but they won't refuse to close. They kind of just pretend it doesn't exist. This is common with garage conversions - if there's no C/O, a lot of local mortgage banks will allow the closing, but they won't count the converted garage as living space for purposes of appraisal. Of course, basements never count in the square footage, anyway.
Local mortgage banks are more likely to overlook C/O issues than large commercial banks (e.g., Chase, Bank of America) or credit unions, which tend to be conservative.
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| Posted 2/20/13 2:44 PM |
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blustar214
So in love with my little girl
Member since 1/10 2471 total posts
Name:
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Re: How much to get a finished basement legalized?
Posted by LadyBug1209
Posted by blustar214
I recently received a quote of about $6,300 to install an egress window in the basement.
That is HIGH!! We just had one put in over the summer for $1800 + cost of the window which my DH got for about $300. They dug the 6 foot hole, installed the window (which is more like a door bc it's huge), made support walls with cement and even put in custom safety rails up top. We used S&J Landscaping and Construction.
Thank you so much for posting this!!!! We do eventually want to finish the basement and that is a much more reasonably price!
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| Posted 2/20/13 3:57 PM |
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kgs11
LIF Adult
Member since 2/07 1424 total posts
Name:
Kim
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Re: How much to get a finished basement legalized?
Are u in the village of Nhp or Nhp? The village is very strict.
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| Posted 2/20/13 8:58 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: How much to get a finished basement legalized?
Posted by blustar214
Posted by LadyBug1209
Posted by blustar214
I recently received a quote of about $6,300 to install an egress window in the basement.
That is HIGH!! We just had one put in over the summer for $1800 + cost of the window which my DH got for about $300. They dug the 6 foot hole, installed the window (which is more like a door bc it's huge), made support walls with cement and even put in custom safety rails up top. We used S&J Landscaping and Construction.
Thank you so much for posting this!!!! We do eventually want to finish the basement and that is a much more reasonably price!
Yes, thank you for posting this. Will definitely contact them.
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| Posted 2/20/13 10:41 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: How much to get a finished basement legalized?
Posted by kgs11
Are u in the village of Nhp or Nhp? The village is very strict.
Not in village.
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| Posted 2/20/13 10:42 PM |
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