| National average cost | $18,500 |
|---|---|
| Typical cost range | $5,100-$7,150 |
| Low-end cost | $5,000 |
| High-end cost | $70,000 |
How much does it cost to renovate a basement?
Dec 31, 2020 · The average cost of a basement remodel can run you anywhere from $5,000 to $70,000. That’s quite a range… and definitely no small chunk of change. But your costs will vary depending on how much work your basement needs, the size of your space, and your vision for transforming it. And done right, this project will make your house more marketable.
How much does it cost to rehab a house?
Jan 10, 2022 · Basement remodels cost $21,596 on average and typically between $12,214 and $33,255. Expect to pay anywhere from $30 to $75 per square foot. These upgrades increase your home’s value by about 70% of your investment. Remodeling 1,000 square feet with a wet bar and complete bathroom costs $70,000 on average.
How much does it cost to ventilate a basement bathroom?
How much does it cost to redo a basement? Remodeling a basement costs $11,000 to $30,000 depending on its size, layout and the materials you select. The price can reach well over $63,000 if you want to turn it into a one-bedroom apartment with a kitchenette and laundry room.
How much does it cost to dry a basement?
How much does it cost to frame a 1000 sq ft basement?
It costs about $15,000 on average to finish a 1,000-square-foot basement. The costs can range between $7,000 and $23,000.Apr 7, 2022
How much does it cost to drywall a 1000 sq ft basement?
The average price of finishing a basement is $15 per square foot. Costs can range from $7 to $23 per square foot....Average Cost Per Square Foot to Finish a Basement.Size (Square Feet)Average Price800$12,0001,000$15,0001,200$18,0001,500$21,3503 more rows
How do I budget my basement to remodel?
8 Tips To Finish Or Remodel A Basement On A BudgetStart With One Area Of The Basement. ... Confirm There Aren't Any Moisture Issues In The Basement. ... Basement Flooring On A Budget. ... Painting The Basement Yourself. ... Find Unique Items To Decorate The Basement At Bargain Stores. ... Choosing Your Ceiling On A Budget.More items...
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.
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
How much does it cost to add a bathroom in the basement?
But generally speaking, you can expect to spend an additional $12,500 to $28,000 to add a bathroom to your basement. In comparison, building a bathroom on the main floor will cost anywhere between $10,000 and $23,000. This is because plumbing work tends to be more complicated in the basement.Apr 3, 2021
What is the cheapest way to finish an unfinished basement?
If funds are tight and you can't put a lot of money into a basement remodel, there are ways to make extra space for your family without breaking bank....Do it yourselfPainting.Hanging shelves.Installing floor tiles.Hanging doors and knobs.Installing light fixtures.Caulking.Feb 24, 2021
How do you update an old basement?
Here's the basement master plan, for now:have asbestos professionally removed from around pipes (before moving in)take down existing paneling and shelves on walls.replace all existing support posts.replace and add in new I beam to support house.add in extra support posts (so we can remove walls upstairs)More items...•Oct 24, 2017
What is the cheapest way to finish a basement floor?
Cheap Basement Flooring IdeasEpoxy and Concrete Paint. Paint is generally your cheapest basement floor option. ... Concrete Stain and Sealer. Concrete stain is another inexpensive option. ... Linoleum or Vinyl. ... Ceramic Tile Flooring. ... Rubber and Foam Mats. ... Traditional Carpet Flooring. ... Laminate or Engineered Hardwood.May 23, 2019
How much does it cost to pour a 1500 sq ft basement?
Concrete Foundation CostSquare FeetPouring LaborAverage Total1,000$2,600$6,4101,200$3,120$7,6921,500$3,900$9,6152,400$6,240$15,3845 more rows
Is it hard to frame a basement?
Framing basement walls is the first phase of learning how to finish a basement. I do love the smell of lumber dust on a cool fall morning. Don't worry, it's not as hard as it looks, but it's one of the steeper learning curves. Once you get the basic concepts down it's just rinse and repeat.
How can I make my basement liveable?
How to Make A Basement LivableSeal the Walls. Basements often feel damp and chilly and sometimes contain an unpleasant smell. ... Improve the Floor. ... Brighten Things Up. ... Put in Furniture.Feb 9, 2015
What to expect when remodeling a basement?
Expect to pay several grand more for every one of these projects that your basement remodel includes: 1 the installation of new emergency egress windows 2 water damage remediation or foundation repair 3 new bathroom construction 4 erection of non-foundational walls 5 interior door installation
Why do basements have drop ceilings?
Drop ceilings are a great option because they give basement ceilings a finished look, but still allow access to plumbing and wiring — and that’s where your cost savings comes in. Most homes with basements run plumbing and electrical systems under the floors, which is your basement’s ceiling.
How high should a basement ceiling be?
Ceiling height. In order for a basement to be considered living space, it must have a minimum ceiling height of 7 feet. If your basement ceiling heights are lower than 7 feet, then it cannot qualify as living space even if remodeled.
Is basement square footage below grade?
Basement square footage is below grade, which means it’s not valued at the same rate that the above-ground square footage of your home is valued.
How many egress windows are needed in a basement?
According to the IRC Emergency Escape and Rescue Requirements (R310.1), a finished basement that’s one large, open living space requires one egress window. But if you’re adding any bedrooms in your basement remodel, each one is required to have it’s own egress window.
Is it a good idea to cut corners in a basement remodel?
It’s never a good idea to cut corners in ways that violate those building codes; you’ll just cost yourself money in the long run. Any basement remodel work that you’ve done incorrectly will either need to be repaired or torn out before you sell.
How much does it cost to waterproof a basement?
For a home that has a major moisture issue, it’ll cost anywhere between $3,324 – $11,748 to properly inspect and waterproof your basement, depending on the severity of the issues. Don’t give into the temptation to paint or drywall over your basement cement and leave the dampness be.
How much does a basement remodel cost?
Basement remodels cost $20,472 on average and typically between $11,068 and $29,908. Expect to pay anywhere from $30 to $75 per square foot. These upgrades increase your home’s value by about 70% of your investment.
Can you put granite counters in a basement?
However, you don’t want to put high-end granite counters in the basement if you only have laminate upstairs. Match the quality of your basement to the rest of your home for the best ROI.
How much does a small basement cost?
Small basements, or anything under 700 square feet, cost $9,000 to $50,000. You’ll probably end up spending under $50 per square foot. Smaller basements make a great spot for minimalist design additions. Examples include a family den with a half bath or a master bedroom suite.
How much does it cost to turn a basement into an apartment?
Cost to Turn a Basement into an Apartment. You’ll pay $50,000 to $100,000 on average to turn your basement into an apartment. In high cost of living areas, you might pay $150,000 or more. But expect to recover your investment in 2 to 5 years. Plus, you’ll have increased your home’s overall value.
How much does it cost to remodel a bedroom?
Bedroom remodeling costs $3,500 to $10,500. Most of the price comes from the walls, flooring and paint. To call a room a bedroom in a basement, you’ll need a closet and an egress window.
How much does it cost to install a wet bar?
Wet bar installation costs $6,000 to $22,500. It turns a living space into an entertaining space. Having the drinks close to the party lets you both host events and participate in the fun. You can purchase premade bars or have custom work done.
How much does a home gym cost?
Home gyms cost $300 to $15,000, all depending on your training goals and budget. You can start small with something like dumbbells on a bare concrete floor for under $500. For $10,000 and up, you can have hardwood floors, full-length mirrors and exercise machines.
What to do with a basement?
The way you plan to use the basement determines how to best build out the space. You can turn it into a: 1 Playroom 2 Rec Room 3 Home Theater 4 Wet Bar 5 Home Office/Workshop
What happens if you leak water in your basement?
It's also a haven for bugs and other pests. Plus, the leaking water causes the foundation and concrete blocks to develop hairline cracks.
How much does it cost to install drywall?
Installing drywall costs an average of $1,850 or about $2 per square foot. Finishing basement walls in a 400 square foot space may run you $800, while 1,500 square feet is closer to $3,000. Contractors include labor in the total along with the price of drywall panels, which are $12 to $20 each.
Where are comfort systems located in a home?
Basements are where you find your home's comfort systems. Plumbing for sinks, baths and toilets run along the ceiling and down the walls to boilers or water heaters. Sump pumps, furnaces and HVAC systems are usually here, too. You need to design around these systems since moving them may not be possible or affordable. Placing a water heater in a closet is a possibility but be sure to check local codes before doing this. Large systems, like boilers and HVAC units, are not so easy to tuck away.
How much does it cost to drywall a basement?
A ceiling costs about $1,700 to build and drywall in the basement. Contractors often include the price of a basic drywall ceiling in the room framing and drywalling costs when doing the whole room at once.
How much does a sprayer cost?
You can rent a sprayer for about $100 per day or hire a pro for around $300 to $500. Many repurposed urban spaces mask pipes and ductwork by painting them and the ceiling the same color.
How much does tongue and groove cost?
Tongue and groove wood paneling is $1 to $3 per square foot and quick to install. The lightweight panels easily cut to fit around exposed ductwork and more to give the space a modern look.
