Basement remodeling cost

People asked us:
What is your price?
How much my Basement remodeling project will cost?
Why cost of Basement remodel projects may be so different?

We will try to answer your questions. We will provide you three steps which will help you to answer all your questions and give your budget estimation.

1. Basement finishing cost by statistic

Basement may add a lot of value to your house. Basement may look awesome, be useful and be a part of your home style. If Kitchen is the main thing for any women, basement may be the great path for kids, men or full family.  Basement finishing means taking a space that currently is not livable and transforming it into a space you can use and enjoy. And great Basement add extra cost to your house.

Will start understanding of your project cost from statistic information.

Floor installation cost / Counter-top installation cost / Basement remodeling cost

First at all, will ask help from really good resource about home renovations: Home adviser web site Home adviser share a lot of useful information. And we may say: they provide you real costs for remodeling. This is the first information you need to know:

Basement finishing projects include but are not limited to:

  • Framing in walls with studs and adding insulation
  • Framing in for egress windows, especially if needed to upgrade to fire code
  • Hanging drywall
  • Adding/upgrading electrical for lighting
  • Installing outlets and charging stations for electronic devices
  • Encasing ductwork; rerouting ductwork
  • Installing a ceiling
  • Sealing a basement floor to reduce risk of moisture
  • Installing flooring
  • Installing additional plumbing for a bathroom

2. Basement remodeling cost by statistic

Basement remodeling differs from finishing a basement space. Remodeling generally happens after the finishing projects have been completed and typically refers to the altering or changing of an existing space. Remodeling projects tend to cost homeowners somewhere between $10,000 and $30,000. These prices include material and labor costs.
Remodeled basements can mean…

  • additional living rooms
  • play rooms for kids
  • home offices
  • apartment/en suite
While a remodel generally happens after a basement has already been finished, you may find that you want to remodel your new, unfinished basement. Remodeling your basement before refinishing it can often save you money.
Installing all of the necessary plumbing and electrical work while walls and floors are unfinished will result in savings.Starting from scratch doesn’t require demolition, which can save you around $2,000. Framing may be necessary to define rooms and spaces. System upgrades usually call for minor expansions to the HVAC and electrical systems, but not adding plumbing. The bulk of the cost, however, is in flooring and finishing. After wrapping things up with carpeting, drywall, and ceiling material, you can expect to pay anywhere from $6,500 to $15,500.
Your basement probably houses some of your home’s work engines: a boiler, hot water heater, furnace, maybe an extensive network of pipes carrying water or sewage. It’s the area that’s extremely susceptible to water damage and leakage. Whatever work you do, you probably will want to include waterproofing as well.
Remodeling a finished basement is costlier. The demo can cost from $1,500 to around $3,000 to prep the site. System upgrades include expanding the HVAC and electrical, but even if you already have a bathroom in place, remodeling can add $1,000 to $4,000. Finally, the finishing work can be kept low if you stay with the basics, but upgrades to hardwood floors and other luxuries will add $7,000 to $10,000 to the job. On average, expect to pay $13,200 to $30,500 for this job.
Converting a finished basement from a general room to a full-service guest suite involves all of the above and then some. After adding or remodeling a bathroom, a kitchenette, cabinetry, HVAC and electrical upgrades, etc., you can easily spend $20,500 to $50,000.
Some houses only have partial basements. Extending your foundation is an involved job and can cost from $10,000 to $30,000 on top of the above estimates.