Adding carpet to your extra bedroom is a great way to separate this space from your basement, and make the room feel like an escape. There’s nothing like getting up and putting your feet on a soft carpet. Another pro of carpet is that it’s cheaper than hardwood flooring, or other popular flooring options. The average cost to install carpeting is $1,628, with homeowners reporting prices between $862 and $1,831.
Consider what you can do yourself. Finishing your basement is a full process and is not easy. But if you’re looking to save money and are quite handy, consider waterproofing the basement yourself. Basement waterproofing with SANI-TRED® uses a proven application process that is perfect for the do-it-yourself community. You can (and should) hire contractors for specialized tasks like plumbing or electrical, but many can do the waterproofing yourself for less.
So you have decided to turn your musty junk-filled basement into a warm liveable space. Or maybe you are already using the basement but want to style it up a notch. Basement design ideas are limitless. Whether you want a cool chic look or a more dramatic themed basement, the choices are endless. But before you decide on the style you want for your new finished basement, here are a few things to consider.
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.
Once you’ve completely waterproofed and your basement is protected, you can move on to the room’s interior. Choosing the right flooring is an important part of making your finished basement truly your own. The type of flooring material you choose will definitely factor into your final price, so choose wisely and pick the floor that’s best for your finished basement.

Before using this basement remodeling calculator, understand that its pricing is based on a few basic assumptions about your floor. The calculator is assuming that you’re starting with a concrete floor in an unfinished basement. Anything beyond that, including removal of old flooring materials, is not taken into account in this estimate. You should keep this in mind.

This contemporary basement media room features a living room with comfortable long brown leather couch with tufted ottoman; multiple TV screens are perfect when watching movies on a weekday evening or weekend, or watching your favorite sports live. Components and other things are tucked away in the custom-built cabinets below.  Neutral, monotone colors and layout scheme makes the basement hangout open and bright.

Lighting: You could spend as little as $200 for some fluorescent lights and up to $2,000 installing recessed lighting. Don't skimp on getting some decent lights. Lights that don't shine directly down work great. We recommend something that is indirect or dampened somehow. Finished basements often have low ceilings. The lighting can be harsh on the eyes if you're looking sitting down relaxing.
When it comes to basement renovation, the national average price for a finished basement ranges between $5,000-$70,000. That said, unless you're adding in an elaborate home theater or building in separate rooms with high-end finishes, most Thumbtack customers report paying, on average, between $5,100-$7,150 for their remodeled basement. A finished basement provides you additional living space, increases your home’s value, and offers great return on investment when it comes to home improvement projects.
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.
A good lighting plan is key to making your basement an inviting gathering spot. Recessed cans like these create overall illumination as well as task and accent lighting for the bookshelves and artwork. In addition to recessed lights, consider track lights and pendants to eliminate shadows on surfaces where you'll be working, playing, or reading. For an inexpensive basement finishing idea, use table lamps and floor lamps to banish shadows in corners and provide task lighting beside chairs and sofas.
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. The cost of electrical installations depends on the exact project, but licensed electricians tend to charge between $50 and $100 per hour.
You can fit a full bathroom with tub/shower combination in a room that measures 40-square feet. However, on average, a smaller bath (with just a stand-up shower) or a half-bath usually needs to be about 30-square feet for comfort and functionality. Depending on the basement space and layout, you may be able to go with a larger 60-square feet or more bathroom space. Creating bathroom with a separate water closet may require 100-square feet or more.

Adding or enlarging basement windows and adding exterior doors are jobs for a professional, but the resulting natural light and ventilation will significantly increase your enjoyment of this living space. To add below-ground windows you'll need to dig a window well. The retaining wall for the well may be made of masonry, limestone blocks, or treated landscape timbers, as in this window well. The terraced timbers serve as pot garden perches as well as steps for an emergency exit.
Drywall must be applied to any framed basement walls you have and must be applied to any additional walls used to create your basement bedroom. A standard 8’ by 4’ panel will cost between $10 and $20, depending on the thickness. The cost to install these panels varies, but most homeowners report spending around $1.50/sf. The total cost of your project will range between $1,152 and $1,982, with an average cost of $1,915 to install a wall.
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