Remodeling your basement is a big job potentially involving many different parts: moving or building walls, installing floors and window coverings, and furnishing.
Accounting for variables such as square footage, materials, electrical and plumbing, the average basement remodel ranges from $10,000-$27,000. Some cost as little as $5,000, with top of the line remodels costing over $40,000.
Square footage
The square footage of your basement is a large factor. Some homeowners only remodel part of their basements to curb total remodeling costs. Any project with a large square footage will have higher estimates as it means more materials and longer construction time.Materials
For a basement remodel, you'll have to consider walls, ceilings, flooring, lighting, and insulation. If you're adding a bathroom, then you'll deal with installing countertops, cabinets, a toilet and even a shower or bathtub. All of these options mean various price ranges, depending on the types of materials selected. It's important to figure out your budget and then choose the most important aspects to focus on for the remodel.Electrical
Your basement will likely need to be fitted with additional wires to support more lights and electronics. You will need to hire a licensed electrician if you plan to install additional overhead light fixtures, outlets and other components that require additional wiring.Plumbing
If you're adding a bathroom, then you'll need to hire a licensed plumber to install the necessary elements. The more you decide to install in your bathroom, the higher the whole basement cost estimate will be. Adding a shower or bathtub might be necessary if you plan to use the basement as a guest suite. Otherwise a half bath may be perfect if the basement is used as a living or family room space.Resale Value
Adding a bedroom or another living space to your home might cost you a lot by the end, but you will see a return on your investment when you go to resell your home. Having another room adds value to the house, which means someone will pay more for your home when it comes time to put it on the market.Refer a Pro who does this service and receive an Amazon Gift Card!
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This page was so helpful. It helped by raising points that maybe I had not considered. I now feel confident in the project that I plan to undertake.
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The information on cost was very helpful. I now have an idea on whether a contractor is giving me a fair estimate.
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Positive information when trying to figure out what needs to be done and the potential costs involved.
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Very informative information for the planning process
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Does these estimates include fixtures like cabinets and bathroom toilet, shore and vanity
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Information provided is very informative.
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Yes, gave the info I needed. Thank You
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Thank you it has help me make my mind up on how much it'll be.
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