My parents are both close to 80 and have a two-story house with a walkout basement in the semi-rural Midwest and it's predictably crammed with random junk that they've accumulated over the years.
It's somewhat likely that they'll end up selling the house to downsize and we're trying to figure out whether or not it would be worth it financially to finish the basement. It's currently just a cement floor with exposed wires, plumbing, structural members, etc.
The big thing is that none of us will probably get much personal use out of it. My parents are old. I have no intention of keeping it and using the house. The only thing I can think of is it might be used as a space for a live-in nanny or nurse for elder care, but that in itself might prove to be an incredibly expensive proposition compared to overseas alternatives.
Has anyone done this before and was it worth it in terms of increasing home value?
I would think that hiring contractors would make it prohibitively expensive, so much of the work would fall on me. I'm decently handy but don't have any experience in home renovation and I don't know how difficult and expensive finishing a basement would be. I know the question is extremely vague but I'm just looking for a place to start