How Much Does It Cost To Redo A Basement?
- Average Cost to Redo a Basement The national average cost to redo a basement is around $35,000 or $39 per square foot. ...
- Determining the Budget of Your Basement Remodel ...
- Open Plan vs. ...
- Basement Restoration Costs: Flooring ...
- Basement Restoration Costs: Framing ...
- Basement Restoration Costs: Drywalling ...
- Basement Restoration Costs: Waterproofing ...
- Cost to Add a Home Theater ...
Full Answer
What is the average price to finish a basement?
What is the cost to finish a basement? If you are wondering, “How much should I budget to finish my basement?” you can plan on a range of “$2,800 to $33,985 with the national average at $18,395,” according to Home Advisor. They also provide a handy calculator to give you a ballpark on price.
How much does it cost to rewire a basement?
The electrical wiring costs to finish a basement is about $800 to $1,500 for a 1,000-square-foot area. The lower price being for a basement as one large space without inner walls. Pricing depends on the number of outlets, the size of the electrical subpanel, and what the purpose of the basement is.
How much does it cost to finish your basement?
Finishing a basement costs $25,000-$35,000, but some basement costs over $100,000 to finish.Meanwhile, some homeowners only spend about $1,000-$5,500 on their basements. It all depends on the square feet of your project, the project scope (full vs. partial basement), regional labor costs and the type of finishes and materials you select.
How much does it cost to lower a basement?
How much does it cost to lower a basement floor? Typically, it costs anywhere from $350 to $450 to underpin each square linear foot. Once complete, the whole project can cost between $20,000 to $50,000. Can an existing basement be dug deeper? As long as your basement project is in line with local regulations, obtaining a permit should be an easy process.
How much does it cost to drywall a 1000 sq ft basement?
Average Cost Per Square Foot to Finish a BasementSize (Square Feet)Average Price500$7,500700$10,500800$12,0001,000$15,0003 more rows
Is Remodeling 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.
How do you budget for a basement renovation?
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.
What is the average cost to finish a basement in Colorado?
between $60 and $90 per square footThe 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 adds the most value when finishing a basement?
8 Ways a Finished Basement Adds Value to Your PropertyAdditional Bedroom. ... Additional Bathroom. ... Great Return on Investment. ... Way to Add Space if Zoning Codes Don't Allow Other Additions. ... Income Property. ... Add Recreation/Storage/Guest Space to Home. ... Sweat Equity. ... Don't Have to Use High End Materials.
What is the hardest part of finishing a basement?
What's the biggest challenge in finishing a basement? “Typically, the biggest challenge is working around obstructions. There are heating ducts, plumbing drains, water pipes, gas lines and electrical wires that are all off and hung below the floor joist.
How much would it cost to put a bathroom in my basement?
$8,000 to $15,000How Much Does It Cost to Add a Bathroom in a Basement? Adding a bathroom in a basement costs $8,000 to $15,000 on average. You'll save $500 to $1,000 if you have a rough-in drain already in place – typical in newer homes and usually near the main drain line.
What is the cheapest way to finish a basement floor?
Concrete flooring can be the least expensive choice in a basement because it's already there. You might be able to give it a good cleaning, maybe grind down some rough spots, and call it good. You can always use throw rugs or carpet tiles (see below) to add warmth and softness to specific areas.
What is the cheapest way to finish a basement wall?
What Is the Most Affordable Way to Finish a Basement Wall? Given its relatively low cost, paint is the best way to finish a basement wall. Most basement walls can be covered with just a couple of gallons of paint, covering about 400 square feet per can, depending on the quality of the paint you purchase.
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.
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.
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.
Why should you remodel your basement?
By choosing to renovate your basement, you can reduce many problems such as water leaks, mould growth, and gas leaks that can damage the structure and integrity of a house. This is a wise way to avoid dealing with severe damage to your basement and the associated expenses.
Is it possible to finish a basement in an old house?
Some basements are natural candidates for finishing. Others will require structural work before walls and plumbing can be installed. If the structure is old or poorly built, there may be issues with the foundation, ceiling height, electrical, plumbing, or other fundamental features.
Can you remodel old basement?
In a completely unfinished basement, the floor may be concrete, the walls concrete block or bare studs, and the ceiling joists of the floor above. Once the major surfaces have been installed, the area can be remodeled just like any other area of the home.
What is the best flooring for a basement?
There are many good floorings for basements, including carpet, vinyl, hardwood, and tile. You can use nearly any material without issue if the base...
Can I turn my basement into an apartment?
You can, as long as you follow building codes. This includes making sure it has a separate entrance from the home, a kitchen, bathroom, bedroom wit...
What is the warmest flooring for a basement?
Carpet feels the warmest underfoot. However, you can invest in a radiant floor heating system that will warm your floor even more.
What makes a basement illegal?
There are many things you can do to a basement that may make it not pass code. However, many of these things are dictated by your state. Making maj...
Should I insulate the floor above my basement?
If you live in a very cold, snowy area, then insulating the floor above your basement can help keep your home warmer in the winter.
Is it legal to have a kitchen in a basement?
It is fine to have a kitchen in a basement as long as it is properly installed with the necessary permits and planning permissions for your area.
Does a basement need two exits?
This depends on the layout. If the basement has two bedrooms, each needs its own exit.
Do basement stairs need a door?
Not necessarily, but if the stairs are steep or unfinished, a door can help make the area safer.
The Average Cost of a Basement Remodel
Now that you’re ready to start planning out your dream home theater, your swanky underground bar, or a cozy guest suite, you need to build a budget. But not just any budget will do. You’ll want to consider all of the remodel costs to make sure no unexpected surprises pop up when you’re already knee deep in your project.
The Benefits of a Basement Remodel
Of course, adding some new space to your home has endless benefits. Whether giving you and your family more room to play, creating a private escape or ensuring you can get some work done, a basement remodel will give you room to grow. Beyond the immediate advantages, adding additional living space can also add to your investment.
So, How Much Does It Cost To Remodel A Basement?
Transforming your unfinished basement into a finished basement is no simple task, even if you’re quite handy. Although there are many factors you can do yourself in the process, there are a few that should not be overlooked when creating your new living space. Use the following guide when determining your potential remodel cost.
How To Save on the Cost of a Basement Remodel
Your basement remodel project may feel like a huge undertaking, but there are some ways where you can cut costs without taking shortcuts. One of the best ways to save money is by doing some of the work yourself.
How To Fund A Basement Remodel Project
Regardless of whether you decide to tackle your basement remodel on your own, or with the help of professionals, you’ll likely need some financial assistance along the way. That’s where a home improvement loan can help. AmeriFirst Finance offers personal loans from $5,000 to $80,000 to cover the costs of your project no matter how large or small.
How Much Does a Basement Remodel Cost Per Square Foot?
Average basement remodeling costs per square foot are $30 to $75, but can escalate well beyond that range depending on the amount of work needed.
Is remodeling a basement worth it?
Basement remodeling offers a ROI of around 70%, making it a worthwhile project. And having the extra space to work, play, or stick out of town guests can help everyone feel a bit more relaxed.
How much does it cost to remodel a basement?
The cost of a basement remodel is between $30 and $90 per square foot. This depends on several factors, including the remodel type, material quality, and basement condition. Most remodels begin with a finished basement, but sometimes, your basement may need more work before it can be used as a living space.
What is basement remodel?
A basement remodel gives that space purpose. It may divide the basement into different rooms, creating bedrooms, bathrooms, living rooms, exercise rooms, and home offices. Or, it may simply complete the space for a single purpose, such as an entertainment room or home gym.
What to do with a partially finished basement?
Basement remodels transform a basic finished basement into living areas that may include living rooms, bedrooms, bathrooms, home offices, or other spaces.
How much does epoxy 2 cost?
The cost of an epoxy 2 basement floor is $8,000 to $13,500. Epoxy makes your floor durable and long-lasting. However, epoxy floors can be difficult and time-consuming to install, making them one of the more costly options. For this reason, many people choose not to epoxy the entire basement. You may choose to epoxy areas with high traffic or areas that could be easily damaged, such as an exercise room. It is also a good choice for basements that have ongoing moisture issues on the floor.
How much does it cost to paint a basement ceiling?
The cost to paint a basement ceiling averages $900 to $1,200. These costs assume the ceiling is drywall and you are painting the entire ceiling. If the basement is broken into smaller rooms, you may not need to paint the ceilings in the entire space. Also, many ceiling systems for basements are not designed for paint, including those made with PET felt and other acoustic materials. If you have an exposed ceiling, it may be painted, but this varies and may impact the final costs.
How much does it cost to install a drop ceiling in a basement?
Cost of a Drop Ceiling in a Basement. The cost to install a drop ceiling in a basement is $950 to $2,450. Drop ceilings can be good options for basements for several reasons. Many basements have plumbing, electrical wires, and HVAC ducts running across the ceiling.
How much do basement storage shelves cost?
The cost of built-in storage racks for the basement ranges from $2,500 to $4,000. Storage racks are usually large metal racks bolted to the floor or fastened to the walls. They help organize and store large amounts of items. These racks may reach from floor to ceiling and have racks of varying heights. This provides a lot of flexibility in how you use the space. Most homeowners investing in these shelves usually purchase enough to cover between one and two walls completely for the best fit to the room.
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 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 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 it cost to remodel a basement?
This makes it hard to make an accurate estimate for your basement, however, we can give you the average range which falls between $11,000 to $30,000, where most homeowners spend around $21,000.
How much does it cost to install a basement floor?
The average price for floor installation is estimated at $1,600 to $4,600.
How much does it cost to install a bathroom in a basement?
On average, the cost of installing a bathroom ranges from $6,500 to $15,500.
How much does a basement sauna cost?
Its average installation cost is around $3,200 to $6,200. Meanwhile, if you go to a prefab sauna then it will cost around $2,500 to $5,000
How much does it cost to finish an unfinished basement?
If you just want to finish your unfinished basement to make it a liveable space rather than just a storage area, then the lowest and highest cost you can spend is between $3,000 to $35,000, where the average price homeowners spend is approximately $18,000.
What does finishing a basement do?
By simply finishing your basement, you are creating a new liveable space inside your home without breaking the bank. This kind of project will not only give you more liveable space, it will also increase the value of your home helping to recoup some of the costs when you decide to sell your house.
Why is a basement good for a movie theater?
A basement is a great space for a home movie theater because it is darker and more soundproof than other parts of the house. A movie theater can be a luxurious way to make use of your basement space
How much does it cost to remodel a basement?
To remodel a basement, you will spend around $30 to $50 per square foot, or, on average, $40 per square foot. High-end basement finishing projects cost $80-90+ per square foot. Keep in mind that if you opt to use high-end materials, the cost will go up by as much as 30-50%.
How much does it cost to finish a basement with a bathroom?
Having a bathroom in the basement means additional plumbing work. You will end up paying around $7,500 to $12,500 to add a bathroom, with plumbing and drainage being the most expensive costs. Adding a luxury style large bathroom will cost $20,000+. You will also have to consider the costs of bathroom fixtures (sink, toilet, shower), vents, exhausts, etc.
Is finishing a basement a good investment?
The short answer is yes. Basements provide livable space in a home, so when you are trying to sell the house, the extra square footage will add to its total value. It can offer up to 70% return on investment, with some buyers offering to pay more for a recently finished or remodeled basement.
Why do you need a subfloor in a basement?
A subfloor is a necessary part of transforming the basement into a living space, because it will make the floors warm, dry and flat. Without a level subfloor, your finishing flooring materials will warp (wood planks, linolium tiles, etc) or crack (porcelain or ceramic tile).
What is finishing a basement?
Finishing a basement involves creating a livable space in a basement that was lying vacant with just concrete flooring, no walls, exposed electric wiring, pipes, and vents, etc.
How much can you save on drywall if you don't have walls?
When you don’t have a lot of walls, you save 40-50% off the cost of framing, trim, drywall and insulation. Moreover, if you work within the existing structure of the basement rather than move or add walls, you can also save thousands of dollars.
Why is it important to have a subfloor?
Ideally, your subfloor should do the most important job of keeping moisture at bay. Water damage in basements is a common problem even if no flooding takes place, so having a quality subfloor is of paramount importance to keep leaks at bay. Having a subfloor will also prevent the growth of mold in your basement.
How much does it cost to renovate a 652 square foot basement?
Overall, the average cost for renovating a 652 square foot basement would be upwards of $850.
What to do with a basement that has been cleaned?
But what you could expect to pay for turning a basement into an extra room or home theatre? If you've already cleaned the basement then the next step is installing finished floors, ceiling tiles, and lights. You may also want to install carpet and add furniture and video technology to the room, but "for advanced electrical or plumbing work, it's best to hire a professional and ensure your basement is up to code," explains McCoy. Safety is priority.
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.
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.
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 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.
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.
