how much does it cost to rehab a basement into a garden apartment

If you are starting from scratch, the cost ranges from $10 to $35 per square foot. If you are just finishing an existing basement, prepare to spend around $7 to $23 per square foot. If you are having a basement of 1, 000 square feet, prepare to spend around $10,000 to $35,000 in total.

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How much does it cost to remodel a basement?

Feb 07, 2022 · The cost to add a bathroom to your basement can be anywhere from $7,000-$20,000 depending on if your basement already has plumbing and the size of the bathroom. A small 5×7 bathroom will be much more affordable compared to a bathroom with a larger layout.

How much does it cost to rehab a house?

On average, fully converting a basement into a rental unit cost between $20,000 and $50,000 on the low end for only the basic necessities in 2011, according to BasementRefinshCost.com. A more average remodel project of a basement area with 1,500 to 2,000 square feet with trim, an entertainment area, a full bath and other amenities is more likely to cost between $50,000 and …

Is it worth it to add a basement to an apartment?

Jan 30, 2022 · The cost of basement installation depends on your starting point. If you are starting from scratch, the cost ranges from $10 to $35 per square foot. If you are just finishing an existing basement, prepare to spend around $7 to $23 per square foot. If you are having a basement of 1, 000 square feet, prepare to spend around $10,000 to $35,000 in total.

How much does it cost to ventilate a basement?

The cost of a basement in-law apartment or in-law suite depends on many factors. If the basement has moisture issues, these will need to be addressed using proven waterproofing and dehumidification procedures. ... This treatment creates an entry vestibule at the base of the stairs –an extra layer of separation between the apartment and the ...

How do I turn my basement into a living space?

The following are the top seven steps you should take to transform your basement into a livable space.Measure Your Basement. ... Inspect Existing Construction Quality. ... Install Insulation and Moisture Protection. ... Install the Right Egress Windows. ... Inspect for Radon. ... Check for Rot and Pest Damage. ... Install a Sump Pump.Sep 16, 2019

Is finishing a basement a good investment?

Finishing Your Basement Adds Value to Your Home According to NerdWallet, a finished basement with an entertainment area and basement bath raises a home's value at an average of $50,000. Also, according to Zillow, homeowners see an average of 70 percent return on investment with a basement remodel.Jul 28, 2021

Can you finish a basement for 5000?

Remodeling a basement costs $5,000-$10,000 on average, so you can easily finish your basement for $10,000 or less. Typically, this cost includes: Adding walls. New flooring.

What adds the most value to a home?

What Home Improvements Add the Most Value?Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. ... Bathrooms Improvements. Updated bathrooms are key for adding value to your home. ... Lighting Improvements. ... Energy Efficiency Improvements. ... Curb Appeal Improvements.Mar 24, 2020

How much does it cost to finish a basement?

The cost to finish a basement will vary greatly depending on your location, current state of your basement, type of materials, and any extra features you want to incorporate like a bathroom, bedroom, or movie room. On average, homeowners spend anywhere from $22-$50+ per square foot when finishing their basement.

Basement finishing cost breakdown

Hiring a trusted and high-quality basement contractor will likely be one of your biggest costs. You could spend anywhere from $25-$100 per hour for labor. The price of a contractor will vary based on your location and the scope of your project. For example, a quote from a contractor in New York, NY is likely very different from one in Omaha, NE.

Optional basement remodeling costs

Some homeowners may want to add a bathroom or bedroom when finishing their basement. Here is a price breakdown of some common features you can include in your basement remodel.

How to save money during your basement remodel

Finishing your basement can get expensive, fast. Here are some easy ways to save money on your basement remodeling project while still creating the basement of your dreams.

Steps to finishing a basement

Now that you know how much it costs to finish a basement, you may be wondering how to get started on your own basement remodel. Here are the first 4 steps to finishing a basement.

Does a finished basement add value to your home?

If you’re wondering if finishing your basement will be a good investment and increase your home’s value, the simple answer is – most likely.

How much does it cost to waterproof a basement?

Waterproofing a basement costs approximately $4,500. If there is existing water damage, add $2,850 for basement drainage repair. Water leakage in the basement can cause severe damage, and this damage can lead to mold and mildew growth, which can pose significant health threats.

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.

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 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.

How much does it cost to install 500 sq ft of flooring?

The cost of 500 square feet of flooring typically runs $3,000. For hardwood, expect to pay up to $22 per square foot and between $3 and $11 per square foot for laminate and carpeting. It’s crucial to install moisture barriers for basement flooring to protect it from damage.

What is finishing a basement?

Finishing the basement is the process of making it liveable and dividing it into separate rooms and living spaces. Advertisement.

Is it expensive to install a fireplace in a basement?

Many different variables apply to finishing a basement. One of the most important is the types of materials that owners decide to use. A fireplace will naturally cost extra to install in the basement. Using engineered hardwood will be more expensive than simply using carpet. Dividing the basement into multiple rooms will add significantly to the cost. Even the grade and materials for the fixtures play a vital role in final expenses.

Is engineered hardwood more expensive than carpet?

Using engineered hardwood will be more expensive than simply using carpet. Dividing the basement into multiple rooms will add significantly to the cost. Even the grade and materials for the fixtures play a vital role in final expenses.

How much does it cost to remodel a living room?

The average cost to remodel a living room is $4,000 to $10,000, which includes new flooring, painting, crown molding, plantation shutters, and installing a fireplace. A basic living room renovation costs $2,500 to $5,000 for design work, painting, and flooring.

How much does it cost to remodel a house?

The average cost to remodel a house is $19,800 to $73,200, depending on the extent, home's size, and quality of materials and appliances. Whole house renovation costs $15 to $60 per square foot on average, while only remodeling a kitchen or bathroom runs $100 to $250 per square foot.

What is the cheapest way to remodel a house?

Cosmetic renovations are the cheapest way to remodel a house on a budget. Refinishing surfaces and reusing appliances helps keep costs down. Here are cheap remodeling tips to give you that feeling of a newly remodeled home.

How much does gut rehab cost?

A full gut rehab costs $100,000 to $200,000 to remodel a house completely. Generally, the cost per square feet gets cheaper as the house size increases. Rehabbing is a term used interchangeably with remodeling and renovating. The extent of the remodel, location, and choice of materials affect the total cost.

How much does it cost to replace an HVAC system?

HVAC replacement costs $4,800 to $9,400 on average, which includes installing a new AC unit and gas furnace. Installing new ductwork adds $2,000 to $3,000 to the total cost and should always be replaced at the same time as a new HVAC system.

How much does it cost to renovate a 3 bedroom house?

The average cost to fully renovate a 3-bedroom house is $25,000 to $100,000, and between $40,000 to $180,000 to remodel a 4-bedroom home. These renovation costs range from standard upgrades up to a complete gut and remodel.

What are the problems with old homes?

Old homes often have hidden problems, such as lead paint, asbestos, rotting wood, or outdated plaster, which are more labor-intensive than a general remodel. Contractors often end up gutting all the walls, repairing the foundation and structural damages, and replacing the subflooring.

Basement Cost

According to Jason, the price of basement installation ranges from $10 to $35 dollars per square feet. If you have a basement that is an average size of 1000 square feet, the grand cost of it would be in between $10,000 to $35,000 dollars.

Save From The Cost

As far as you’ve read earlier, the best way to save on building a basement would have to be the do-it-yourself revolution in basement building. There are a lot of good contractors out there, but those are just for people who may not have all the time in the world to do a basement project.

What should an in-law apartment include?

An in-law apartment should include flexible space that can transform from living room to dining area as needed.

Can an in-law apartment be in the basement?

In other cases, it’s a necessity that comes up unexpectedly. Regardless of the reason, the basement can be an excellent location for an in-law apartment or suite.

Can a walk out basement be egress?

In a walkout basement, egress can be provided by a door. Otherwise, a standard basement window opening can be enlarged to install a larger egress-compliant window. An accessible bathroom can be a good idea for an in-law apartment. Photo courtesy of Kohler.

How many square feet are allowed in a basement bedroom?

And also keep in mind that according to the 2008 New York City Building Code, a legal bedroom that’s in a basement must have a minimum of 80 square feet, a minimum ceiling height of 7 feet, at least one window and two means of egress, one of which can be a window.

How much does it cost to renovate a brownstone house?

The cost of renovating a basement of a brownstone or single-family house can run about $60,000 to $100,000, or $100 to $150 per square foot, according to the experts at Sweeten. But basements often come with their own set of baggage, and it’s not your old suitcases.

Can you dig a trench through a slab?

If it’s slab, you will need to dig a trench through it for plumbing, which can be costly, but can be done. You may also consider some measures to prevent flooding, such as bringing in pumps and raising equipment off the floor. Your flooring should ideally be non-porous, or a surface that won’t let water pass through.

Do real estate agents count square footage?

If the space you are making is a bedroom, living room, or rec room, then real estate agents are sometimes inclined to include the square footage in the overall count, even if it's not the typical way to assess square footage, Wang says.

Is a basement renovation on the rise?

It can be made into a place that’s welcoming and more usable with laundry rooms, storage, or living spaces. “Basement renovations are on the rise in NYC as more owners choose to renovate their homes instead of buying something new,” says Jean Brownhill, founder and CEO of Sweeten —a free service that matches homeowners with ...

What to consider when designing a basement?

The professional designing your basement’s plans will take into consideration the legal and safety precautions that will need to be taken care of, but also any specific needs and desires you might have for the space. Once the plans are drawn out, you’ll be able to request permits to follow through with the renovation project.

What is the emergency exit for a basement apartment?

Emergency exits are crucial to for your new basement apartment. Having a safe, unobstructed exit from the basement to the outdoors is mandatory. Depending on where you live, there will be requirements according to their sizes and how many you’ll need for your basement.

Can I rent out my basement apartment?

Renting out your basement apartment. Of course, renting out your basement can help you out financially. It can either alleviate your mortgage payments, or you can simply make some extra income. Though, there are specific laws that might come into play in this particular situation.

Can you make a basement look like an apartment?

Simply making your basement look like an apartment (i.e. has a bathroom, kitchen, living space, etc.) isn’t enough. You’ll need to pass inspection, so budget accordingly and make sure your new space has what it needs for your future tenants. Once you know your basement conversion can be done, it’ll be time to move on to its plans/drawings.

How to make a basement look good?

1. Maximize natural light. On a sloping lot, a good design can deliver abundant natural light into the unit. But if a basement is buried under the house and is, say, two-thirds underground, natural light will be hard to come by. Frequently, homeowners add window wells.

How to tell if a foundation is failing?

A structural engineer can assess the foundation and design its upgrade, but some common signs of foundation failure include large (1⁄2 in. or wider) vertical cracks through the foundation, foundation walls bowing in, sinking foundation corners, and flooring in the rooms above that crowns above a girder.

Is it cheaper to convert a basement to an in-law unit?

Converting a basement can be one of the most cost-effective ways to create an in-law unit. Correctly done, it is also one of the least expensive to heat and cool, because temperatures will be moderated, to a degree, by the basement’s contact with the earth.

Do you need to cut a trench for a toilet?

Macerating toilets sit atop the floor, so there's no need to cut a trench for pipes. To enable occupants to exit quickly in case of a fire, building codes require a method of egress--escape--for sleeping rooms on every level of the house, including the basement.

Can an in-law unit be through the house?

An in-law unit’s entry, on the other hand, could be through the house above, although ideally it should be an exterior door to maximize privacy for you and your tenant . If you have a large home, however, the door to the basement may be buried deep in the middle of the house. And your basement may have few or no windows.

Can you use a sewage pump on a concrete floor?

Sewage ejection pumps can be used with standard toilets. If the floor is concrete, you must first cut a slot in it and then excavate a trench large enough to accommodate drainpipes and a sewage-holding tank.