Old homes may suffer from sagging foundation beams as a result of shifting ground or decay and deterioration of the original building materials. Foundation beams can be raised and shored up successfully, but the right tools, like a pneumatic jack, are essential. Depending on how much the foundation beam must be raised, this job may require several days of incremental steps to complete - which means increased labor costs. Hiring professionals is the best option for this job. Expect costs to run about $10,000 for repairs like a shifted foundation.
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.
Elegantly designed finished basement which features an arched entry leading to the home bar is an inspiration for a timeless European style design.  Light tone cabinetry provides more additional storage space.  Granite countertop blends well with the whole color scheme.  Neutral colored patterned ceramic tile flooring works well with the whole design scheme.
A wet bar or mini kitchen in the basement makes entertaining much easier. The inclusion of a mini kitchen makes a basement with a bed and bath into an entire guest suite. A kitchen requires access to hot and cold water, as well as electrical outlets for an undercounter refrigerator, a microwave oven, small countertop appliances, and possibly a small dishwasher or dishwasher drawer. A laundry room is a good idea in the basement, but it needs a floor drain and access to an outside wall to vent the dryer.
After your new bathroom is complete, or you have remodeled an existing space, get it inspected to ensure all plumbing and electrical installation are done correctly. If your bathroom needs to be installed from the ground up, expect to pay somewhere between $6,000 and $15,000 for the entire project. If your basement is already finished but does not yet have the necessary plumbing for a bathroom in the space, you can expect to pay between $200 - $500 to hire a plumber.
You have three basic basement ceiling options when refinishing the space. Conceal the joists, pipes, and ductwork with drywall or paneling, hide everything with a suspended or drop ceiling, or leave everything exposed and paint it with a sprayer. Drywall brings the polish of main-level rooms to the basement. Here, light gray paint adds depth to the space and leaves a smooth finish.
Estimate the overall cost to install drywall in the basement at approximately $1.50 per square foot. The basic drywall panel measures 8-feet tall and 4-feet wide and is available in thicknesses that range from 1/4" to 5/8". This standard panel usually costs between $10 and $20. Price will vary depending on the brand, panel's thickness, and if it has any special features like mold resistance which may be beneficial for a basement space. Other material costs when adding drywall include the hardware to secure it to the framing, joint tape, and drywall mud.
Before you even consider color, you want to have lighting in the space figured out. If you don’t have any natural light, how are you going to brighten up the space? Will you use pot lights or track lighting, will you supplement with floor and table lamps? Your paint will look worlds different if you change your lighting after you paint, so try to sort out your lighting needs first.
Before walls and flooring can be added, the basement must first be professionally framed. Framing an unfinished basement can be very expensive; not only will it require a large amount of labor, but material costs are high as well. If you consider all the lumber your contractor will need to lay, plus crossbeams and studs, you will find that lumber is going to be one of the costlier aspects of the project.
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