basement construction

[Kalam_Youtheman]

11 hours ago, iddaritho said:

Not going to stay for 5 years , plan is to stay for another 1.5 year and than rent the house if i am not going to stay any further , 

It is a split level house with walk out basement, initially thought house is just fine , but we accumulated lot of furniture and other stuff that my kid doesn't have place to play around in winter here in Minnesota. 

This is a new house , builder gadu initial ga cheppadu like get the basement , but i declined as i thought it will add up to the cost and now feel like we need basement finished. he is quoting 40 K for basement , he will install fire place , bar , kitchenette , 3 bedroom , hall , laundry room , tornado shelter and 1 bathroom.

I don't want to use up the cash , i just need alternate option like the mortgage , initially i thought i can take loan from 401K as i will be paying interest to my self or else credit card balance transfer but they have fees of close to 1000 dollars , other option is home equity loan but again i have to pay for some of the fees and appraiser and other stuff that bank wants us to pay. 

Not sure what is the best option                                                                                      

 

builder gaaadu entha quote chesaadu when buying the house.. I guess defn more than 40k 

inka shop cheyyii... u may get the low price

[solman]

property tax kooda pergatdhi 

[Semper_Fi]

9 hours ago, ForEverJava said:

Permits gola pettukoku Basu that will increase taxes..and also if u going with licensed contractor it will add cost double becuase of staff with insurance for that contractor..simply do it cheaper guy..

Be careful with this option. Without insurance, he can sue you for medical/other costs if he gets hurt while working on your property. 

[Odale]

17 hours ago, iddaritho said:

i am planning to have my basement finished 35 to 40 k avthundi 

i have mortagage already on the house , i dont want to use cash 

is there any option to ask the bank to provide additional mortagage for previous mortagage

or is there any option to borrow money for 35 k with low interest 

Nee friends student credit cards or other cards use chesi finance cheyyi...very low interest....dallas lo common