Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Home and Garden  > Construction & Renovation > Basement Remodeling

Basement Remodeling Cost


How Much Does Basement Remodeling Cost?

 
low costDo-It-Yourself: $500-$5,000average costAverage: $30,000-$50,000
post E-mail post Post   Comments (4)

With proper planning and attention to detail, a remodeled basement can provide living space that's every bit as attractive and welcoming as the rest of the house.

Typical costs:

  • Contractors' estimates should include a number of basic factors such as moisture control. Insulation is also a must and it's important to check for radon, a naturally occurring radioactive gas that is common in some parts of the US.
  • For $500-$5,000, Do-It-Yourselfers can waterproof the walls with a brush-on compound, then add carpeting, paneling, a dropped ceiling or other touches to make a basement into a more usable living area. Actual costs depend a great deal on what shape the basement is in at the start of the project, and whether the upgrades include such items as ground-level windows; improved lighting; a full- or half-bath; and a laundry area. The upper end of the price range includes hiring contractors to install proper ventilation, electrical wiring or plumbing.
  • Converting a basement into a reasonably comfortable and legal rental unit averages $30,000-$50,000, according to OldHouseWeb.com[1] .
  • Nationwide, basement remodeling costs average $52,931-$74,974 for a project which includes a 20x30-foot entertaining area with wet bar, a 5-x-8-foot full bath, 24 feet of partition to enclose a mechanical area, painted walls, ceilings and trim throughout, exterior insulation, doors and electrical wiring, according to the annual cost vs. value report by Hanley Wood[2] .
  • A lot depends on how much is included and the quality of the final project. Finishing a basement in a relatively new home can start around $20 -$35 a square foot, or $30,000 -$70,000 for 1,500-2,000 square feet -- but it can cost $100,000 or more to create a fully-finished space.
Related articles: Garage Doors, Home Addition, Bathroom Remodeling, Attic Remodeling

What should be included:
  • Finishing an unfinished basement is similar to building an addition or a new home, but generally the project is smaller and a lot less expensive. Waterproofing and insulation is key; the US Department of Energy gives a detailed overview complete with cost estimates for a range of options.
  • Local planning departments usually have specific regulations on ceiling height, access doors, radon ventilation, waterproofing and other details of the basement remodeling process. Many building codes now require upgrades such as residential fire sprinklers for new construction or major remodeling projects. Ask about local requirements and get all required permits (or make sure the contractor does this). Depending on the location, permit costs can be next to nothing or extremely expensive; find out exactly what they are and include them in the project's budget.
  • Foundation walls and floors are almost never straight and plumb, which can make remodeling difficult. Companies such as Owens Corning[3] and Basement Systems [4] sell complete basement-finishing systems which many contractors use.
  • ThisOldHouse.com[5] looks at the remodeling process.
Shopping for basement remodeling:
  • Be clear about how the new space is going to be used and, if the basement is currently a storage area, where everything will go once the project is done. Better Homes & Gardens[6] offers design ideas to keep in mind. For inspiration, ThisOldHouse.com provides a quick photo gallery[7] of one basement's sparkling transformation.
  • Contractor referrals are available through the National Association of Home Builders[8] and the National Association of the Remodeling Industry[9] .
  • Get estimates from several companies; request and check references. Understand exactly what is (and isn't) included in each estimate, and whether the contractor will do the paperwork for required building permits. Ask about the contractor's length and type of experience, especially if there's anything unusual about your project. Be sure a company is properly bonded and insured and licensed in your state[10] . See if there are any complaints with the Better Business Bureau[11] .
post E-mail post Post   Comments (4)
CostHelper News


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 2013


Girl Scout Cookies Marijuana Selling for $5,000 a Pound
Would you like to smoke some Peyton Manning? Or, would you prefer to spark up some Girl Scout Cookies?Marijuana growers and venders are getting creative with the highly recognizable names they give different strains of weed, without the permission o. || Posted October 18 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments
Basement finishing
Amount: $38,000.00
Posted by: RARP in Suffolk county, NY.Posted: June 7th, 2015 10:06AM
Contractor: Square Feet: 900
One large great room, Utility room, small 3 piece bathroom, laundry room and pantry. Wood 2x4 and drywall construction. Vinyl wood look plank floor.
Was this post helpful to you?   yes     no Report prohibited or spam
Converting half finished basement to apartment
Amount: $0.00
Posted by: PaulaRN in Middletown, DE.Posted: October 25th, 2013 12:10AM
Contractor: Friends & familySquare Feet: 700
Having friends and family ( each with particular trades) Sheetrock and sparkler, carpet installer, electrician, plumber etc. just wondering if anyone knows how much this will cost us in total?? Half the basement is finished, just need to frame one bedroom, add a kitchen and a bath. That's it! Please email me @ RN_ER@hotmail.com for your opinions.
Want to have it finished for my daughter and first grand baby due in march!
Was this post helpful to you?   yes     no Report prohibited or spam
Basement Gut and Remodel
Amount: $52,000.00
Posted by: Clarendon-Arlington, VA in Arlington, VA.Posted: February 11th, 2013 06:02AM
Contractor: MNKBSquare Feet: 975
Complete remodel of our walk-out basement. Gutted and replaced literally everything, from the framing to new custom windows and solid doors. Reconfigured plumbing and remodeled the 3-piece bathroom with high-end finishes; completed the laundry room, guest bed room with walk-in-closet, and family room with solid wood custom cabinetry/wet bar, island, built-ins, and gas fireplace with granite surround. Also demolished and rebuilt exterior concrete steps to basement entrance. All finishes are high-end and remodel included many upgrades (in-cabinet/under cabinet lighting, stainless-steel beverage center, central speaker system, etc.) Love the end-result but process was extremely long.
Was this post helpful to you?   yes     no Report prohibited or spam
basement finishing
Amount: $95,000.00
Posted by: jack-of-all in Princeton, NJ.Posted: August 7th, 2010 09:08AM
Contractor: self general contractingSquare Feet: 2200
Finished basement on high end house. I designed all of it and spent some time managing the process. Already had lots of windows (walk-out). Used high end materials and design features ( plank laminate flooring with some granite/marble, rope lighting, recessed panels,heavy finish trim molding, recessed lighting, rope lighting, central audio/speakers, full kitchen, full bath,fireplace, zoned HVAC, etc). Took almost 9 months to complete fully. Great finished product.
Was this post helpful to you?   yes     no Report prohibited or spam


 

Comment On Your Experience With Basement Remodeling
 
Subject:  *
Amount Spent:  *
Contractor: Square Feet: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.oldhouseweb.com/how-to-advice/estimated-remodeling-and-repair-costs.shtml
  2.  www.remodeling.hw.net/2009/costvsvalue/national.aspx
  3.  basements.owenscorning.com/bfs/
  4.  www.basementsystems.com/basement-waterproofing/basement-waterproofing-products/basement...
  5.  www.thisoldhouse.com/toh/article/0,,1024509,00.html
  6.  www.bhg.com/rooms/rooms/basement/converting-basements-into-living-space/
  7.  www.thisoldhouse.com/toh/photos/0,,1577298,00.html
  8.  www.nahb.org/reference_list.aspx?sectionID=667
  9.  www.nari.org
  10.  www.contractors-license.org/
  11.  search.bbb.org/
More Home and Garden Topics
Check Out All Costs for Home and Garden How Much Does Garden Service Cost? How Much Does a Kitchen Remodeling Cost? How Much Does a Propane Tank Cost?

Search Thousands of Topics on CostHelper.com




Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
In need of dental help
Paid: 0.00
In need of a professional dentist.I live in Northwest Ohio. Had my left leg amputated some years back. Then I came down with mrsa., so now I'm in need of dental help... [more]
-mshunky
Dentures Cost
United Locksmith
Paid: 200.00
DO NOT CALL THESE PEOPLE!!!I lock my keys in my truck and called these guys. They told me 19 bucks for calling and 35 for a lockout... [more]
-Man in Distress
Locksmith Cost
Models/molds
Paid: 400.00
I'm a dentist and I have been reading all the comments here. I have to say, there is no point in insisting on keeping your "molds" since there's nothing that your dentist will do with them once they are used... [more]
-Florida dds
Night Guard Cost
Automotive Paint Job
Paid: 5000.00
Anyone who thinks that throwing the paint in a gun and just paint it for a few hundred bucks than they need to go to a franchise like Maaco. I'm a experience painter of 20 years and shop owner... [more]
-ProPAINT
Auto Painting Cost
Airline prices to ship animals
Paid: 425.00
I used United airlines and all the materials plus shipping were very expensive. Just shipping the puppy costs $260... [more]
-JaiBee
Pet Air Travel Cost
Windsheild replacement
Paid: 12200.00
Windshield cracked, and a rock hit it on the windshield... [more]
-Dominique Wright
Windshield Replacement and Repair Cost