I have a great listing, priced very well, that would be even better if the basement was finished. If your buyer would like to inquire with any loan officer at Wells Fargo, he or she could tell you that among other things, the total amount allowable for renovations is $35,000 which could include the basement remodeling, appliances for that wet bar you may like near your new theater room, a separate HVAC for your new basement, and all lighting and flooring as well as painting. If you like to do any other minor remodeling throughout the house, maybe a wine cooler in the kitchen - providing you don't go over that allowable, have at it! With a 203K Streamline, the additional costs are less than $1,000 which are financeable and included in the cost to renovate. There's fixed and adjustable rates available, too and the maximum FHA limit in some areas is up to 110% of the after approved value so you can put in that uber-fancy Bosch dishwasher. Less documentation, no inspections on repairs for less than $15,000 can make cosmetic updates a breeze and making your client's dream home an affordable reality.
RE/MAX Paramount Properties 678-595-5286 Direct
Or 888-940-0074 Toll Free Office
Atlanta Real Estate & Atlanta Homes for Sale 
Here in South Florida 203k is not really being utilized because there aren't many or any investors who are purchasing these, except for Wells Fargo.