In this application, tips and costs of:
Basement Remodeling Cost
Bathroom Addition Cost
Bathroom Remodeling Cost
Bathroom Remodel Plumbing Cost
Bedroom Addition Cost
Bedroom Remodeling Cost
Disability Remodeling Cost
Entry Door Installation Cost
Interior Door Cost
Basic Phone System Cost
Hardwired Computer Network Cost
Electrical Work Cost
Home Automation Cost
Carpet Installation Cost
Kitchen Remodeling Cost
Living Room Remodeling Cost
How much does it cost to remodel a basement?
If you want to increase the amount of living space in your home, remodeling your basement makes a lot more sense than adding on a new addition. A finished basement has an ROI of around 70%, making it one of the better investments you can make in your home. A typical basement remodel costs around $90 a square foot, assuming moderate decor and finishes. With the average project size of 600 square feet, this puts the cost of the average basement remodel around $55,000.
Unfinished basement vs. remodel
An unfinished basement isn’t a very usable space. At most, homeowners with unfinished basements may use the area for storage. Unfortunately, unless steps have been taken to waterproof the area, even storage can sometimes fail as belongings absorb the humidity and moisture of the basement.
A remodeled basement gives you additional living space without changing the footprint 1 of your home. Basements can be remodeled to become in home theaters, children’s playrooms, entertainment areas, and family game rooms. Because the steps to finish the basement are similar for most of these purposes, you can gain a lot of additional space and use from your home simply by finishing this area.
Things to bear in mind
Before beginning on your basement remodel, you’ll need to keep several things in mind that will pertain to the space.
Future use
Simply finishing the floors, walls, and ceilings of the basement can help increase the value of your home. But putting extra thought into what you want to use the space for now, will save you on fees later. For example, if you intend to use this as a children’s playroom, then building shelves into the walls, adding egress windows, and putting down carpeting can all be done at the time of the remodel, rather than added later.
Square footage
The size of your basement may impact what you plan on doing there. Measure the usable space carefully to determine whether or not you have the room for what you would like to do there.
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