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.
Installing a bathroom in a basement costs more than installing a bathroom above ground. Costs can range from $2,500 to $5,000 on average, depending on the number of fixtures and whether the plumbing must be installed from scratch or if it’s roughed in already. Basement plumbing requires special considerations to ensure proper drainage and tie-in with the main sewer line, which may not be deep enough to allow the basement bathroom plumbing to use gravity the way above-ground plumbing does. Virgil Miranda’s Construction subcontracts all plumbing work. Miranda says that sometimes the toilet alone in a basement can cost up to $2,500 because sometimes homeowners need to invest in a toilet that does not use gravity but instead a macerating function to grind waste down to prevent clogging. Miranda estimates that each bathroom fixture in a basement costs $800–$900 on average, so a full, three-piece bath could cost $3,000 for the fixtures alone. Adding a kitchenette or wet bar sink adds more to overall refinishing costs. In addition, some basements require a French drain with one or more sump pumps, which can cost up to $10,000 on average, depending on how much ground the drain covers.
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.
Basements are a key part of many homes, but too many homeowners overlook their basement’s potential. While a basement can be used as a larger storage room, they are capable of so much more. While unfinished basements can function well as storage rooms, you can take steps to waterproof and finish your basement to transform it into a fully functional extra room in your home. If you want to finish your basement, here are some tips to help you along the way.
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.
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.
Will Fowler is the Marketing Director for the Concrete Protector and Sani-Tred in Wapakoneta, Ohio. Will designed his first website when he was 15, and loves all things in design, wordpress, and apple. Will enjoys writing about home improvement, basement waterproofing, and decorative concrete coatings. Will lives with his beautiful wife, four rambunctious children in Ohio.
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.