What is the average price to finish a basement?
For most basements, the average cost works out to around $30,000. Of course, these kind of average cost numbers vary widely. Homeadvisor members report spending between $5,000 and $40,000, with an average cost of $18,544.
What to consider before finishing your basement?
What To Consider Before Finishing Your Basement
- Finished Basement ROI. Because finishing a basement can be costly in time, money, and energy. ...
- Weighing The Cons Of Finishing Your Basement. Finishing your basement will most likely increase your home’s value, but there are some negatives that should be considered before finishing your basement.
- Basement Trends. ...
- Basement Remodeling Steps. ...
How much money do I need to finish a basement?
The average cost to finish a basement is $27,500. But, like all home improvement projects, the cost of renovating an unfinished a basement will depend on the size of your space, the materials you choose and the cost of labor in your area. In general, the extent of your renovations will impact the price.
Are finished basements worth the cost?
Many sellers, and even homeowners who are just thinking about selling in the next few years, wonder if going through the time and expense of finishing a basement is a value-add improvement. Generally the answer is yes, but that doesn’t mean that a finished basement is always the best way to invest your home improvement dollars.
Can you finish a basement for 5000?
Average Cost to Remodel a Basement Remodeling a basement costs $5,000-$10,000 on average, so you can easily finish your basement for $10,000 or less.
How do I turn my basement into a living space?
The following are the top seven steps you should take to transform your basement into a livable space.Measure Your Basement. ... Inspect Existing Construction Quality. ... Install Insulation and Moisture Protection. ... Install the Right Egress Windows. ... Inspect for Radon. ... Check for Rot and Pest Damage. ... Install a Sump Pump.
How much does it cost to finish a $2 000 sq ft basement?
Finishing a 2,000-square-foot basement costs approximately $70,000 to finish. Find the best basement finishing contractor in your neighborhood.
Is a finished basement worth the investment?
Great Return on Investment 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.
Do you need planning permission to convert basement?
In most cases, planning permission is not needed when converting an existing basement or cellar. Converting an existing cellar to a living space only involves a 'change of use' and therefore does not require planning permission.
How much did your basement conversion cost?
Guideline Basement Conversion Costs £1,250 – £1,550 per square meter. – If lowering the floor level and underpinning is needed, the costs could be between (approx.) £1,500 – £2,000 per square meter.
What is the most expensive part of finishing a basement?
Flooring and wall coverings like paneling are the biggest expenses, making up approximately 15% of the total cost to finish a 1,200 square-foot basement, Sebring says.
How much does it cost to drywall a 1000 sq ft basement?
Cost to Drywall a Basement Installing drywall costs an average of $1,850 or about $2 per square foot.
How much does it cost to frame and drywall a basement?
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.
Does bathroom in basement add value?
Adding a basement bathroom can increase your home's resale value by 10%-20%. It also can turn a wasted space into an enjoyable addition to your home. The average basement bathroom will cost $3,000-$25,000, depending on the existing plumbing and condition of your basement.
How much equity does finishing a basement add?
While finishing the basement certainly adds to the value of a home, it's not always as significant as you might think. According to Remodeling Magazine, the national average for recouping basement finish or remodeling cost is 79%.
Does a walk out basement count as square footage?
A walkout basement can be included in the square footage of the entire home if it has a legal ingress or egress, which must also adhere to the building code requirements of a state.
How can I make my basement livable without finishing it?
The best way to make your unfinished basement feel complete is by adding accents and decor just as you would to any other room in your house. In addition to the basement ideas above, like hanging string lights and adding area rugs, bring in other details that will add warmth, texture, and ambiance.
What do I need to turn my basement into?
Consider some of the many ways your basement could become the hottest spot in your home:Home Bar. ... Game Room. ... Den or Informal Living Room. ... Wine Cellar. ... Theater / Media Room. ... Library. ... Extra Storage. ... Workout Room / Home Gym.More items...
Can you convert a basement into a bedroom?
A cellar conversion can make space for a new room, add value to your home and prevent the need to move home. Cellar conversion costs can be relatively high and are dependent on a number of factors. A new basement can be used as a gym, a bedroom or even a swimming pool.
Do you count basement in square footage of a house?
As a general rule of thumb, listing agents and appraisers don't count a finished basement toward the overall square footage, especially if the basement is completely below grade—a term that means below ground level. Whether an appraiser includes basement living space ultimately depends on which state you live in.
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 add a bathroom to a basement?
The average cost to add a bathroom to a basement is $7,600 or between a range from $2,500 to $12,400. A basement bathroom addition can add 10% – 20% to the value of your home. Drainage and plumbing will be your two most significant cost factors. For a small basement, a half-bath with no shower or tub is adequate, while a bedroom suite needs a full bathroom.
How much does it cost to paint a basement ceiling?
The cost to paint an exposed basement ceiling is $1.16 per square foot for a smooth surface and $1.60 per sqft. for a rough surface. Spray painting will be 15% – 30% lower.
How many BTUs per square foot for a new HVAC unit?
New HVAC Unit – One ton of AC is required for every 400 – 600 square feet and homes typically require 30 to 60 BTUs per square foot. Buy according to how many BTUs and tons of AC you need.
How much does it cost to pour a basement foundation?
The basement foundation cost for 1,200 square feet is approx. $17,200. The average price to pour a concrete basement foundation is $11,560 or $9.64/SF for a 1,200-square-foot basement. This cost includes excavation, foundation, concrete, retaining walls, and backfill, but the final cost includes:
How much does a 600 sq ft basement cost?
A 600-square foot basement finish costs $23,960 to $28,240 with average-quality materials.
How much does it cost to fix a crack in a concrete slab?
If your foundation is sinking, mudjacking costs $3 to $6 per square foot to raise the slab.
How much does it cost to finish a basement?
The cost to finish a basement will vary greatly depending on your location, current state of your basement, type of materials, and any extra features you want to incorporate like a bathroom, bedroom, or movie room. On average, homeowners spend anywhere from $22-$50+ per square foot when finishing their basement.
Basement finishing cost breakdown
Hiring a trusted and high-quality basement contractor will likely be one of your biggest costs. You could spend anywhere from $25-$100 per hour for labor. The price of a contractor will vary based on your location and the scope of your project. For example, a quote from a contractor in New York, NY is likely very different from one in Omaha, NE.
Optional basement remodeling costs
Some homeowners may want to add a bathroom or bedroom when finishing their basement. Here is a price breakdown of some common features you can include in your basement remodel.
How to save money during your basement remodel
Finishing your basement can get expensive, fast. Here are some easy ways to save money on your basement remodeling project while still creating the basement of your dreams.
Steps to finishing a basement
Now that you know how much it costs to finish a basement, you may be wondering how to get started on your own basement remodel. Here are the first 4 steps to finishing a basement.
Does a finished basement add value to your home?
If you’re wondering if finishing your basement will be a good investment and increase your home’s value, the simple answer is – most likely.
What is finishing a basement?
Finishing the basement is the process of making it liveable and dividing it into separate rooms and living spaces. Advertisement.
Is it expensive to install a fireplace in a basement?
Many different variables apply to finishing a basement. One of the most important is the types of materials that owners decide to use. A fireplace will naturally cost extra to install in the basement. Using engineered hardwood will be more expensive than simply using carpet. Dividing the basement into multiple rooms will add significantly to the cost. Even the grade and materials for the fixtures play a vital role in final expenses.
Is engineered hardwood more expensive than carpet?
Using engineered hardwood will be more expensive than simply using carpet. Dividing the basement into multiple rooms will add significantly to the cost. Even the grade and materials for the fixtures play a vital role in final expenses.
How much does it cost to finish a basement?
Overall, the cost of finishing a basement is between $10,000 and $35,000 . This usually equates to somewhere between $25 and $90 per square foot (depending on the level of material quality you’re expecting).
How much does it cost to cover a basement floor?
The cost of basement flooring is usually between $500 and $5,000, depending on the square footage of your space and the quality level of the material you choose. If you choose wood flooring, prices can get even higher. There are a variety of options you can use to cover the floor. These include the following:
How many treads are there in a basement?
A standard set of basement stairs descends one story, has 13 treads, and is made of pine.
How much does it cost to add a bathroom to a basement?
The cost of adding a bathroom will come in between $3,000 and $25,000. You may also need to install a sewage ejector pump, which will cost from $800 to $1,450 for parts and installation. For more information on installing a bathroom in your basement, see our guide on the cost to add a bathroom in the basement.
Why do you finish a basement?
There are two main benefits to finishing a basement: Increasing the amount of usable space in your home, potentially for activities not possible in other areas. Increasing the overall value of your house. On the first point, a finished basement may be a good way to create some more space if your family is growing.
How much does it cost to spray paint a ceiling?
If you hire a professional to complete the work, it will cost you $300 to $500. Drop ceiling. For a drop ceiling, you will pay between $2 and $6 per square foot. Drywall.
Can you turn a basement into a playroom?
Turning your basement into a kids’ playroom, a TV room, or another bedroom will make your house seem bigger, and may prevent you from having to move to a larger home. The cost of finishing your basement can, therefore, be offset against hypothetical moving costs. On the second point, the cost of finishing your basement can be viewed as an ...
How much does it cost to finish a basement?
Your basement will probably also need to pass a safety inspection. Budget approximately $1,600 for the necessary permits and inspections.
How much does it cost to install stairs in a basement?
Many unfinished basements also have old, creaky stairs without risers. The cost to install a finished staircase ranges from about $2,000 to $5,000. The cost of railings depends on the material (metal, wood or glass) and style you choose.
How much does it cost to hang drywall in a basement?
Hanging drywall in your basement costs about $2,000 and transforms it from a cold, concrete block to a comfortable living space. Contractors typically include the cost of installation in the roughly $15 per-panel price. For a warm, dry basement, you’ll want to install waterproofing and insulation underneath the drywall.
How much does epoxy cost per square foot?
Epoxy has become a popular, waterproof flooring solution used in basements and garages. It costs about $3 to $7 per square foot and takes one to three days to pour and cure. The final product can look like a vibrant custom color or mimic marble.
How much does a dry wall ceiling cost?
Drywall ceilings start at about $1,600, or $2 per square foot. Basement bands or music lovers should invest in acoustic ceiling tiles which average about $4 per square foot. Drop ceilings average $3.50 to $4.30 per square foot. This allows for easy access to the HVAC and electrical systems.
How tall is a basement?
Most area building codes require a finished basement to be 7 feet tall. To achieve this, the unfinished basement will need to be taller than 7 feet. Request a consultation from experienced local contractors to see if your basement is eligible for finishing.
Is a basement bedroom cheaper than a bathroom?
The cost to finish a basement bedroom tends to be much lower than a bathroom. Once you’ve installed an egress window, a basement bedroom only costs as much as the dividing walls, storage, flooring, lighting, paint and furniture you choose.
How much does it cost to waterproof a basement?
Waterproofing a basement costs approximately $4,500. If there is existing water damage, add $2,850 for basement drainage repair. Water leakage in the basement can cause severe damage, and this damage can lead to mold and mildew growth, which can pose significant health threats.
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.
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 500 sq ft of flooring?
The cost of 500 square feet of flooring typically runs $3,000. For hardwood, expect to pay up to $22 per square foot and between $3 and $11 per square foot for laminate and carpeting. It’s crucial to install moisture barriers for basement flooring to protect it from damage.
