Transform your basement into a multi-activity area dedicated to have loads of fun. Oversized bean bag seats for relaxing, reading books or just a space for adults to spend quality time with the kids and keeping an eye on them while they are playing. Create a space for children’s games and toys by having a foos ball table and some miniature rocking chairs. Light tone laminated wood flooring is a good choice for this basement play area.
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.
When it comes to basement remodels, the most costly way is to start with bare bones. If all you have is concrete walls and floors, you need to add framing, electrical, plumbing, flooring and trim. Basement finishing in a newer home that already has plumbing and electrical roughed in, a watertight foundation and some insulation installed—but no final finishes (like drywall or paint or carpet)—usually costs less than remodeling an already finished basement. This is because when you already have a finished basement, the pros will need to do demolition at the beginning of the project, which can add $500–$1,500 to overall costs.
This luxury home gym basement is perfect for the whole family’s fitness hub. This is a great idea to make the best use of that extra space and keep in tip-top shape at the same time. A fully equip workout area features a weight bench, treadmill, exercise bikes and other fitness accessories makes it very convenient way to lose those unwanted weights in the comfort of your home.
A sophisticated media room featuring an open plan layout design scheme features a kitchenette and bar for entertaining, a light one wood cabinetry is designed for extra storage space and at the same time doubles as an entertainment area and a working/study corner. The fireplace serves as a focal piece and makes this room warm and cozy together with the cool neutral shades of brown and tan.
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.

Finished basement made use of existing materials and transformed it into an elegant basement living room. Painted concrete floors and concrete hollow blocks walls are painted in classic white and cool gray. Exposed beams are furnished with industrial lights which provide ample lights to the room. Comfy, soft upholstered sofas and accent chair in neutral colors adds coziness, perfect place to sit back and relax. Splash of patterns and colors from the area rug, accent chair and throw pillows gives a warm and welcoming ambiance.
Nationwide, basement remodeling costs average $52,931-$74,974 for a project which includes a 20x30-foot entertaining area with wet bar, a 5-x-8-foot full bath, 24 feet of partition to enclose a mechanical area, painted walls, ceilings and trim throughout, exterior insulation, doors and electrical wiring, according to the annual cost vs. value report by Hanley Wood[2] .

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.
Even if it's currently cold concrete and crammed with boxes of off-season duds, the lowest floor of your home probably has loads of potential. Treat it just as you would any of the rooms aboveground, and it might just become the most popular spot in the house—for a lot less cash than adding on. Here's our bottom-line advice for turning this underutilized space into a place you'll be eager to spend time in.

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.


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.
×