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.
This is great guys! Great work! I'm a retired kitchen guy so I know good work when I see it. I love all of it. My wife and I are doing a Farm kitchen right now as well. Your pictures have me thinking about sending in some before and after of ours. Just like you its the time we get to spend together during the project that makes the whole thing worth while. Great work. I cant say it enough!
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.
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.
Adding or enlarging basement windows and adding exterior doors are jobs for a professional, but the resulting natural light and ventilation will significantly increase your enjoyment of this living space. To add below-ground windows you'll need to dig a window well. The retaining wall for the well may be made of masonry, limestone blocks, or treated landscape timbers, as in this window well. The terraced timbers serve as pot garden perches as well as steps for an emergency exit.
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.
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.