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.
Sometimes a finished basement floor makes the bottom stair a little too shallow, throwing off the whole run. Tom Silva's fix: Measure the rise of each step. If any are shorter than 7 inches, you can remove the treads and add spacers to pad them out as you go up. Just keep heights below code maximum, and make sure they don't differ in height by more than ⅜ inch.
While basements get a bad rap at times, if built finished out or remodeled later on, they actually offer a wealth of extra living space for many purposes and activities. For instance, a media room, living room, wine cellar, wet bar, gym, office, playroom, man's cave, laundry and guest room are all popular choices for basement spaces. If you are lucky enough to live in an area where basements are a commonly built element of most homes, you may just be sitting on a myriad of abundant new living possibilities! We've included some of our favorite basement remodeling ideas and images below. Which do you like best?
How fast the job needs to be completed has a significant impact on the final price. A professional team can take a basement from framing to complete in about 45 days. A DIYer typically needs more time. If things need to be inspected, inspectors work on their own schedule, and if concrete needs to be poured, time must be allotted for it to properly set.
Homeowners in search of a warm, professional look for their basements often turn to drywall. Drywall ceilings help the basement look as good as upstairs living areas. Drywall can be treated with a variety of textures that are applied by roller or spray applicator. One difficulty associated with drywall ceilings is the necessity of framing in duct work.

If you decide to go with a pony wall, you may be able to handle the project yourself (saving money). However, if you’re going to expand your house and need to install weight-bearing walls, you’re better off leaving it to the pros. Additionally, you or your pro will need to investigate building codes and local requirements to ensure you comply with structural guidelines.
Accounting for variables such as square footage, materials, electrical and plumbing, the average basement remodel ranges from $11,034 and $29,226. Some cost as little as $5,000, with top of the line remodels costing over $40,000. The average cost to homeowners is $20,126. Expect to spend between $10 and $35 per square foot depending on the changes made.

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.
Whether your basement is for a game room, man cave, yoga retreat, or movie room, this room has the potential to be the best room in the house. What color you chose depends on a few things, the most important being what is the tone that you want to set for the room? Followed closely by how the room will be used and who will be using it most. The color is really going to set the stage for this space so you want to make sure you have the right color before you commit it to your walls.
Finishing the ceiling of a basement can be a tricky proposition. In most basements, important pipes, wires, and ducts already crisscross this area, often lowering the total ceiling height. If you were to install a drywall 5 or standard ceiling, you would be encapsulating these items, making them difficult to find and access in the event of an issue. Therefore, most basement ceilings are finished with some type of drop or suspended ceiling, sometimes known as an acoustical ceiling 9 or a grid ceiling.
Another important part of finishing your basement is choosing the right walls. Basements have concrete walls and floors, but once they’re waterproofed, you can design the entire space with new walls and floors to completely transform the space. As with flooring, choosing the right basement walls can also affect the final price of your basement transformation. False walls are common and can be customized to meet your needs while keeping the original concrete walls is an option for others. Keeping your concrete walls is a cheaper option, but false walls provide more customization. In the end, it all comes down to what you’re looking for.
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.
If a homeowner is seeking to make basic changes in order to renovate a basement, then it can cost as little as $1,000 - $6,000. This means the walls and floor will be waterproofed, then carpet, wall panels, upgraded flooring or improved lighting might be added to make a basement feel like a living space. The cost will depend on the initial shape of a basement, how many upgrades are made and whether or not a contractor is hired to make certain installations.
A luxurious contemporary basement opens to the movie and media room which showcases a drop round tray ceiling, recessed lights, light tone wood flooring and built-in entertainment center which stretches across one wall and doubles as bookshelves, provides extra storage for games, videos and other entertainment technology. A small pantry area provides convenience for food preparation and storage. Classic neutral colors add a sense of well-being, ease and coziness to the room.
A finished basement has the potential to add value to a home, especially when it comes time for resale. The average basement remodel project can have up to a 70% return on investment. Home buyers typically prefer a house with a finished basement and may even increase their offer if that living space recently has been updated or remodeled. The finished basement also adds value by creating more living space in the home without having to spend thousands on an addition.
The average cost of basement remodeling varies based on the square footage of the basement space, if structural changes are needed, and if you are adding in elements such as electrical work for a kitchenette or plumbing for a half bath. Other factors in cost include whether you have design plans already and what work you want done on the finishes such as trim and flooring. Here’s a breakdown of the various cost factors.
Homeowners wishing to enclose basement appliances should take note of air-supply requirements for both the furnace and water heater, which are powered by electricity or natural gas, oil or propane. Fuel-burning appliances use room air for combustion and require an unrestricted air supply. Any enclosure requires installation of a louvered door between living areas and the furnace room to ensure an adequate air supply and ventilation in your basement. Without sufficient air, a house may fill with dangerous gases, including carbon monoxide or radon.
Homeowners wishing to enclose basement appliances should take note of air-supply requirements for both the furnace and water heater, which are powered by electricity or natural gas, oil or propane. Fuel-burning appliances use room air for combustion and require an unrestricted air supply. Any enclosure requires installation of a louvered door between living areas and the furnace room to ensure an adequate air supply and ventilation in your basement. Without sufficient air, a house may fill with dangerous gases, including carbon monoxide or radon.
Add to this any custom work that you may want to have done to turn the basement into the type of room you have in mind, and the labor could continue to mount. Most people also find that they need a painter ($20-$35 per hour), and in older homes, asbestos 10 testing and removal ($1,500) is also recommended before the work can begin. For these reasons, many homeowners often choose to use a basement finishing system, which often has one set price for materials and labor (around $50,000 per basement) and decorate later as they choose.
This luxury basement with a wet bar offers extra convenience and accessible utility to this lower level living space. Wall to wall cabinetry with open glass shelving provides a display storage for wines and other liquors. Raised panel base cabinets give lots of additional storage space. The stone fireplace keeps this basement warm and cozy; perfect for entertaining and a great focal point for the area. The stone flooring and matching stone accents on walls and island bar are crafted to create the right balance for this design scheme.

This luxury sauna and marble shower is a stunning add on to your home basement transformation. After a stressful day at the office or for a relaxing private retreat, this is a perfect place to unwind and help loosen up those tired and aching muscles. This sophisticated steam room sauna and walk-in shower which feature custom wood treatment, marble and tile walls will automatically increase the value of your home and property.


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.
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.
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