Cellars’ Market: Basement Apartments Come With Hidden Costs

They involve more legal complications and renovations than ordinary above-ground homes.

Lately we've seen a resurgence of demand for basement apartments, particularly for units found in older buildings located in the most desirable cities. With home prices surging, basement apartments have become an increasingly attractive alternative for hard-pressed home buyers because they typically sell at far below market price for their above-ground counterparts.