how much does it cost to finish a basement in colorado

Full Answer

How much does it cost to finish a basement?

The average cost of finishing a basement can range from $7 to $23 per square foot, with the average at $25 per square foot. The total price depends on the quality of the materials you choose, the contractor’s labor fees, and the purpose of the space.

How can I save on basement finishing?

Costs to finish a basement can be high, and the additional costs associated with the project can quickly add up. One way to save on basement finishing is to buy the cheapest materials for the project, but there are other ways to save without compromising quality. Select mid-grade materials.

How much does it cost to drywall a basement with foam?

Foam is recommended for basement insulation because it is not air permeable—it won’t cause condensation to build up between the insulation and concrete walls. The cost to drywall a basement and finish it (with joint tape, mud/compound, and sanding) starts at around $1.60 per square foot installed.

How much does it cost to frame a basement with insulation?

It costs $1,795 on average to frame a basement, not including insulation and drywall. Framing costs approximately $7 to $16 per linear foot on its own, but $20 to $30 per linear foot with drywall. The cost of insulation is $1,650 when using 3.5-inch batt and roll barriers.

How much does it cost to finish a basement?

How long does it take to remodel a basement?

Is basement finishing cost reduced?

How much does it cost to finish a 1000 sq ft basement Colorado?

The process of refinishing your basement is about $38 per square foot for most homeowners in Denver. The range of payment can be between $22,000 and $46,000.

How much is it to finish a basement in Colorado?

The typical cost of finishing a Colorado basement is between $60 and $90 per square foot. However, this can vary depending on whether or not you require plumbing. If you do, it would add $10-$20 to the per-square-foot cost.

What costs the most when finishing a basement?

Labor. Unless you plan to DIY, labor will make up approximately 40% or more of your basement remodeling costs.

How much does it cost to drywall a 1000 sq ft basement?

Average Cost Per Square Foot to Finish a BasementSize (Square Feet)Average Price800$12,0001,000$15,0001,200$18,0001,500$21,3503 more rows

Is finishing a basement worth it?

Many people wonder if finishing their basement is worth the time, effort, and money to remodel their downstairs space. To answer that directly, yes, finishing your basement will almost always increase the value of your property. The standard return is around 70%, according to Remodeling.HW.net.

Does finishing basement add value?

In the United States, on average, finishing a basement will give you a return of 70 to 75% of your investment. For example, if you spent $1,000 on improvements, it would increase the value of the property by about $700. If you spent $10,000 on improvements, it would increase the value of the property by about $7,000.

How can I save money to finish my basement?

7 ways to save on your basement remodelOpt for an inexpensive, prefabricated egress window and well. ... Test exterior walls for moisture before finishing. ... Cut out some studs. ... Install drop ceilings. ... Skip the carpet and install luxury vinyl tile instead. ... Add a bathroom (or at least a half bath) near existing plumbing.More items...•

Can you finish a basement yourself?

The basic steps to finish your basement include insulating walls, choosing flooring and adding a ceiling to transform your lower level into an additional living area....The Materials You'll Need:Foamboard adhesivePolystyrene foam insulationDuct tapeFraming nailsWall screwsDrywall3 more rows•Dec 19, 2018

Should you put insulation in basement walls?

Insulating your basement may seem like a project best suited for another day, but truthfully, insulating your basement walls can help improve comfort and reduce energy and maintenance costs to HVAC systems. It also allows for extra living space within a home, which can be invaluable.

How much does it cost to put a ceiling in a basement?

Raising a basement ceiling typically costs about $19,200 and can range from $16,000 to $24,000.

How much does it cost to drywall 1500 sq ft basement?

Average Cost to Drywall a Basement by Basement SizeAverage Cost to Drywall a Basement By SizeCost to Drywall a 1,000 square foot BasementTotal CostHigh Cost x 2,240 square feet$12,880Cost to Drywall a 1,500 square foot BasementLow Cost x 1,280 square feet$2,3708 more rows

What are the steps to finishing a basement?

Prepare Your SpaceApply for a Permit. Getting a permit is essential to the job. ... Take Care of Dampness. You never want to install drywall in your basement before checking for water or high humidity. ... Pick Your Materials. Drywall or plaster? ... Gather Your Tools. ... Install Insulation. ... Frame the Walls. ... Install Utilities. ... Mount Drywall.More items...•

How do I estimate remodeling costs?

The more square footage involved in your home renovation project, the more expensive it will be. Renovating an entire home will cost, on average, $10 – $60 per square foot5. As a result, the more square footage involved in your renovation project, the more you're likely to pay.

Does adding a bedroom in the basement add value?

Because basement bedrooms are not accounted for in the gross living area space, they are valued separately as an additional line item on an appraisal. As such, you can expect the value of a basement bedroom to be in the range of 50%-70% of the value of a traditional above ground bedroom.

What to Know Before finishing a basement?

6 Things You Have to Do Before Finishing a BasementCheck the Foundation. Before starting any construction in your basement, assess the state of the foundation. ... Identify Code Violations. ... Eliminate Water Issues. ... Insulate Properly. ... Assess the Ceiling. ... Work Around the Essentials in Your Design.

How do you redo a basement?

Step 1: Decide How You Want to Use the Space.Step 2: Set a Budget.Step 3: Clean Out Your Space.Step 4: Conduct a Moisture Test.Step 5: Research Local Codes and Requirements.Step 6: Insulate Your Basement.Step 7: Take Care of Electrical and Plumbing.Step 8: Frame and Put Together Any Additional Walls.More items...•

What Is The Average Cost To Finish A Basement In Denver?

South Metro Denver basement contractor Jerry Vidmar offers clear, no-nonsense advice on the costs of basement finishing. Learn how to budget your project.

How Much Does it Cost to Finish My Basement in 2022

Wet Bars are very hard to estimate until a final design is established. A Basic-Level Beverage Center consists of 7’-8’ of cabinetry and countertops. A Mid-Level Wet Bar includes the same as the basic-level except it adds an island or peninsula section for bar stools. A Upper-Level wet bar is a more customized space for parties including multiple appliances and high-end finishes.

How Much Does it Cost to Finish a Basement in Colorado Springs in 2020?

Your basement is unique. Because it’s unique, finishing it might cost more or less than average. We have to start with that. The purpose of this post is to give you a ballpark idea of what it might cost to finish your unique basement. Fair enough?

What are some examples of fixed costs in a basement?

Some examples of these fixed costs are skilled tradesmen (electrician, plumber, HVAC, etc.), prep time, and clean up time.

How much does a wet bar cost per square foot?

If you’re wanting to add a wet bar or a basic kitchenette, it will add between $10 and $20 per square foot. The biggest reason that a bathroom or a wet bar drive the price up is the cost of running plumbing.

How much does a basement cost?

Most of our basements are in the $17,000 to $25,000 range without a bathroom, kitchenette, or bar.”

How much does it cost to remodel a basement?

The average cost to finish a basement is $32 to $47 per square foot or between $22,000 and $46,000. A 500 sq. ft. basement remodel costs $20,000, and a 1,000 sq. ft. basement renovation is $38,000 on average. Prices depend on if it's an open-plan or with rooms and a kitchen.

How much does it cost to install a basement ceiling?

An average basement ceiling installation cost is $3.50 to $4.30 per square foot when installing ceiling joists and adding R-11 insulation batts plus ceiling drywall. While the price of the drywall is the same, installing ceiling drywall is more complicated and usually requires additional equipment for the best working access. For example, ½” drywall on walls costs $1.13/SF, while ½” drywall on ceilings runs $1.35/SF.

What is the biggest expense of refinishing a basement?

Basement foundation costs could well account for the biggest expense of the basement refinishing project.

How much does it cost to paint a basement floor?

Scoring and polishing the existing basement concrete floor costs $2 per square foot while painting the basement floor with epoxy costs $3 per square foot or more. For other floorings, install wood flooring joists for $1.74 to $3 per linear foot installed and a plywood subfloor for $0.99 to $1.49/SF installed.

How much does foam insulation cost?

Spray-applied closed-cell foam insulation prices range from $700 to $4,000 or $32 – $80.50 per cubic square foot, per 1” of thickness sprayed. Foam is recommended for basement insulation because it is not air permeable—it won’t cause condensation to build up between the insulation and concrete walls.

How much does it cost to install an HVAC system in a basement?

The average cost to install an HVAC system in the basement is $4,000 to $6,400 with new ductwork costing an additional $1,500 to $3,000. You might not have to install a separate HVAC system for the basement if the existing unit upstairs can handle the extra workload. If it can’t, then either upgrade your existing unit or install a second unit downstairs. You’ll have to install new ductwork and ventilation either way, unless you install a mini-split system.

How much does a basement permit cost?

A building permit can cost about $1,350 on average. The price depends on your geographic location, basement size, and the scope of the project. The price of a permit usually includes any required inspection fees. If your basement project involves plumbing or electrical work, or it entails making the space livable, you’ll need a permit. Plumbing and electrical work need to be up to code to ensure proper drainage and prevent blown fuses, short circuits, and fires. Beginning a basement remodel without a permit risks being issued a stop-work order from the city and paying fines and additional fees. You may even have to remove the unpermitted work before you can resume the work. If you ever need to file an insurance claim on the remodeled area, the insurance company may request copies of the work permits, or they might deny the claim. The process of selling the property may also require copies of any remodeling permits. It’s always better to acquire the necessary permits when beginning a basement remodel.

What to consider when finishing a basement?

When finishing a basement, one big concern is compliance with local building codes. The electrical system in your home must be able to handle the increased demand from the finished basement. Your contractor should know if the current amperage, or strength of the electrical current, is strong enough. If it’s not, you’ll have to upgrade the amperage or install a subpanel. If you’re turning the basement into a bedroom, you’ll need a separate emergency exit (either a door or an egress window, which will have to meet specific measurements). A contractor will be aware of the codes and ensure the project is compliant and safe.

Why do you need to finish a basement?

Finishing a basement will help you and your home become more energy efficient. An unfinished basement typically allows air to escape and enter the house, and this will affect heating and cooling costs. Drywall, insulation, and new flooring will help keep the temperature regulated so your HVAC system doesn’t have to work overtime to keep the space cool in the warmer months and warm in the wintertime.

How much does it cost to install a sump pump in a basement?

The type of soil surrounding the home will determine the need for a sump pump, as certain soil types don’t drain as effectively as others. If you live in an area prone to flooding, a sump pump might be necessary as well. The average price for a sump pump installation is $575.

How much does an egress window cost in a basement?

An egress window provides an alternate escape route from the area in case of a fire or other emergency. An egress window costs $3,900 on average, and the egress window must be up to code.

What is a partially finished basement?

A partially finished basement is sometimes called a half-finished basement. It could contain bathrooms, showers, a laundry room, exercise equipment, or furniture. It may have some drywall installed, rough-in plumbing, insulation, and heating and cooling.

How much does it cost to install electrical wiring in a basement?

Electrical work for a finished basement averages around $1,325. Many cities do not allow homeowners to install wiring or plumbing on their own. A professional electrician or a contractor who is licensed to do electrical work will install new wiring to finish a basement. Expect to pay $75 to $500 to install electrical outlets. On average, the more outlets and switches installed, the cheaper the cost per item. Don’t forget the cost of a permit and inspections to make sure the electrical work is up to code.

How many questions can you answer on a basement finishing cost estimate?

Our basement finishing cost estimator allows you to either get a quick quote without going into great detail, or you can answer up to 40 questions about design, materials, and trim levels to get a complete idea of how different decisions can make a cost impact on your final pricing.

How long does it take to build a basement?

The build process we've created has been streamlined to typically be 32-39 construction days from project start to finish.

How much does it cost to finish a basement?

From our experience, it’s safe to calculate at $20 to $40 per square feet, if you contemplate basement finishing for a 1000 square feet area for basic and complete finishing. At best this cannot lower than the average of $30 for usual features and starts around $35, if you add up high quality finish and additional features like high end fixtures, built in cabinets, wet bar etc.

How long does it take to remodel a basement?

As regards timing, an average 1000 square foot basement will take 6 to 12 weeks for finishing. On the question of Return for Investment by enhancement of home value, the suggestion is firm that you’ll get 70% of what you spend. They opine the higher your quality of finish the more value you get. As for number of estimates any prospective home owner should get for basement remodeling cost, the ideal number suggested is three from different contractors.

Is basement finishing cost reduced?

You’ll happily agree that your overall basement finishing cost has been reduced drastically, for an exemplary work of basement remodeling with all the desired provisions exactly as you wished!