We have put in more outside entrances for basements in the last year than we have in the previous 11. It may be a feature of the current economy. People are looking for a way to stay in expensive homes. Rental income is a logical way to do this.
Adding and outside entrance cost between $5,000-$9,000. The mitigating factors include ease of access for the excavator and how deep we have to go. Obviously shallow basements are less expensive than deep basements. They require less excavation and a lot less concrete.
If you’re considering a basement apartment give us a call. We’ve done a lot of outside entrances in the last year and really have them down. We’ve also become very efficient in converting basements into apartments. There are little features that we can point out that will make the experience much better for you and your future renters.
If you’d like more information about basement apartments or basement finishing in general, give us a call 801-706-0148.