The cost of a basement remodel can be significant, but your potential return on investment is just as considerable. In addition to adding to your living space, the average basement remodeling project also increases your home's resale value. The National Association of Realtors considers basement remodels to be among the most valuable home renovations.
The following list includes major work tasks commonly performed during Basement Remodeling. Use this list to understand the timing and sequence of different steps in the Basement Remodeling project. Click any Task name for a complete written specifications, FAQs and quality checklist for the task - this essential information will help you control Basement Remodeling project cost and quality.
Failure to obtain proper permits can result removing (demo-ing) any current finishing work or remodeling already installed. You could also face fines. A "stop work order" may be issued, which usually causes double the fees when you do, eventually, apply for the permit(s). If you have to file an insurance claim and can't produce any permits, the insurance company may deny the claim. Finishing a basement without permits also can affect the home's resale value.
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For $500-$5,000, Do-It-Yourselfers can waterproof the walls with a brush-on compound, then add carpeting, paneling, a dropped ceiling or other touches to make a basement into a more usable living area. Actual costs depend a great deal on what shape the basement is in at the start of the project, and whether the upgrades include such items as ground-level windows; improved lighting; a full- or half-bath; and a laundry area. The upper end of the price range includes hiring contractors to install proper ventilation, electrical wiring or plumbing.
Many new homes are built with an unfinished basement. This saves money up front in construction costs and gives a family the opportunity to grow into their home. A lot of people choose to finish their basement in order to add living space for entertaining guests or as a hangout area. No matter what the reason, finishing a basement can come with a considerable price tag. However, it's generally a good investment as a basement remodel fetches 80% to 90% of its investment cost at resale.
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.
The cost of a basement remodel can be significant, but your potential return on investment is just as considerable. In addition to adding to your living space, the average basement remodeling project also increases your home's resale value. The National Association of Realtors considers basement remodels to be among the most valuable home renovations.
There are several types of basement remodeling depending on the outcomes you want. Whether you have nothing but damp concrete walls and floors or you have a finished basement with painted walls, a pool table and a wet bar will determine the scope of work for your basement remodel and the cost. Here are some common basement remodeling projects that homeowners take on and their related costs.
In modern homes, game room are starting to become an essential part of the house. The modern basement game room shown in the image above with mood lighting make this area look just like a high end nightclub. Gorgeous cone pendant lights over the pool table are ideal for a focused lighting which are perfect for the game. A stylish hideout for the man of the house and his friends.

4. Interview basement remodeling contractors. You may be tempted to try and save money by managing a basement remodel yourself, but it's most likely worth it to hire a professional. Check affiliations, licensing and referrals and/or reviews from neighbors and friends before interviewing contractors for the final selection to be sure to avoid choosing a bad remodeler. Contractors who specialize in basement remodeling may be better equipped to handle your project.
If serenity is what you are after, think watery blues with undertones of green. Blue can read differently in different light levels, what looks relaxing on the sample strip can look downright neon covering an entire wall, choosing a blue with green undertones will help prevent that electric blue look. These beautiful, watery colors will make your basement guest room feel light and airy. It will also provide a relaxing, outdoors vibe to a yoga or meditation retreat.
Most cities and towns will require a permit for basement remodels. In addition, there are several codes that dictate what can be done in this area. For example, a basement must have a ceiling height of a minimum of 7-feet. If your basement has a ceiling height lower than this, it may not pass code if remodeled. In addition, plan the cost of the building permits, around $430 on average, into your budget.

This fun and sophisticated football and baseball inspired sports room basement, features leather seats and sleek modern furniture is a perfect place for family members and friends to gather and watch Sunday night football. The display shelves of sports memorabilia draw attention to a collection of all those valuable and unique sports souvenirs. This basement combined with a home workout gym is designed to keep you fit while having fun.

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 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.
First, what are you using your basement for? This will greatly determine what finish you give the basement. A living area needs to feel warm and cozy, a bedroom needs to have a quiet and relaxing finish and a game room needs some exciting colors. There are plenty of websites offering basement finishing ideas you can borrow. We have our own list below that you can use as a starting point. Find a style that pleases you and adapt it to fit your finished basement.
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.
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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