Entering the Correct e2Value Basement Definition

Understanding the differences between unfinished, partially finished, and fully finished basements is essential for accurately assessing and documenting a home's below-ground space.

Homeowners and agents often encounter confusion when describing or entering basement details, especially when multiple finish types exist within the same area. The following information clarifies the definitions of each basement finish.

When completing the e2value estimator, be sure to select each option that is appropriate and enter the square footage for each area:

What is a partially finished basement?

 A "partially finished" basement does not mean that part of the space is finished, and part is unfinished. Instead, it refers to a basement that has basic flooring and wall coverings, whereas an unfinished basement does not have any flooring or wall covering.

e2Value Definition: the area of a home below ground level that has basic flooring and wall coverings. 

What is a fully finished basement?

A fully finished basement, by contrast, includes a higher level of finish—typically with flooring, paint, and wall and ceiling treatments comparable to the main living areas of the home.

e2Value Definition: includes a higher level of finish—typically with flooring, paint, and wall and ceiling treatments comparable to the main living areas of the home. 

What is an unfinished basement?

A basement may have areas that are finished, unfinished, and/or partially finished.  You should select each option that is appropriate and enter the square footage for each area.

e2Value Definition: the unfinished area of a home has no flooring or wall coverings. 

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Our goal is to provide an accurate replacement cost so that the home can be insured to value. That means properly valuing the basement, construction quality, garage(s), and more.

For more guidance on how to enter these areas into the e2Value estimator, click here.