Finishing a basement can cost between $25–$50 per square foot on average, depending on how the basement is finished, whether any challenges come up or whether there are special circumstances with the project. For this reason, a 1,000-square-foot basement can cost up to $50,000 or more to finish. Virgil Miranda of Virgil Miranda’s Construction, a general contracting company based in New Bedford, Massachusetts, says it can be tricky to estimate remodeling jobs based on square footage alone, due to the variance in each job. Larger basements may have a lower cost per square foot than tiny remodel jobs.
Basement water leakage can cause serious problems for a homeowner. Standing water can lead to mold growth, which poses health issues. It's also a haven for bugs and other pests. Over time, concrete blocks and foundations can sustain hairline cracks. While they may appear small on the surface, they can be the start of an enormous problem, so early repair is key. The only way to rectify a basement water problem is to remove the water and seal the leaks. This may involve removing existing paint or wall coverings as well as replacing soggy beams.

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.
Also don’t forget: home gyms, wine cellars, theaters and craft rooms. The ideas are endless. Your goal should be to get as much value from the space as possible. If your basement is small, use it to fill a void such as an extra bedroom or additional organized storage space. If it is big, find several fun ways you can utilize the space and add value.
An unfinished basement serves as a valuable blank canvas. The finishing process begins with basics such as hanging and painting drywall and installing plywood floors at a relatively low cost. Basement finishing means taking a space that currently is not livable and transforming it into a space you can use and enjoy. In an unfinished space, there may be nothing but a concrete floor, exposed pipes and electrical, and no walls or only the barest of wall framework in place. On average, the cost to refinish will fall anywhere between $6,500 to $18,500, or more for larger spaces.
The approximate costs and value of a typical Basement Remodeling project are summarized below. Use higher estimates for larger metropolitan areas and the lower estimates where home prices are below the national average. Adjust costs for substitutions or refinements in the last section. For size differences of up to 25%, scale total costs in direct proportion to the size of your project. Use the adjusted costs as a basis for setting a material budget and for comparing contractor bids (if you choose to have a professional perform the work).
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.
Featuring a stripped indoor tepee, neutral colored accent wall filled with memorabilia combined with a wood textured wall finish, another accent wall with wall paper depicting a night sky full of stars, wall to wall carpet, cozy couch and geometric patterns for the throw pillow. This basement playroom with a specialized native American Indian theme is what this black and white lovely kid’s playroom is all about.
Working out from the convenience of your home is not impossible to be achieved.  Did you know that home exercise equipment is smaller than its commercial fitness center counterpart?  So, these equipment takes up less space in this multi-use basement home gym, which doubles as a yoga studio.  Exposed beams with track light gives this room an industrial inspired theme.
A finished basement is not always the same thing as a designed basement. Sometimes, the basement begins with the basics: walls, a ceiling, lights, and a floor. Gwen Hefner and husband Micah wanted to turn their tiny, airless basement space into a comfortable mancave. They had the basics to start with. The next step, Gwen says, would be a true test to her design skills.
Plumbing - Check locally for required permits and any zoning law regulations about adding in plumbing, or whenever working with septic and sewer lines. Planning your basement bathroom directly below or close to the pipes of an existing bathroom may help reduce the overall labor and costs. Remember that all drainage lines require a downhill slope to sluice away waste water. If this isn't possible, a sewage injection pump must be installed. An approximate cost of these pumps ranges from $150-$3,000.
Featuring a stripped indoor tepee, neutral colored accent wall filled with memorabilia combined with a wood textured wall finish, another accent wall with wall paper depicting a night sky full of stars, wall to wall carpet, cozy couch and geometric patterns for the throw pillow. This basement playroom with a specialized native American Indian theme is what this black and white lovely kid’s playroom is all about.
A traditional living room basement with a cool shade of lime color is perfect balance for the neutral shades of brown for the carpet, kitchen cabinetry, exposed beams, window treatment, door and other wooden furniture. The kitchenette is without an island. But has a corner home bar to give way to the large black leather sectional sofa which is perfect for movie night fun.
Wall finishing systems are rapidly gaining in popularity. These systems feature fiberglass panels and pieces of trim that fit into PVC framing. Panels covered in fabric offer an attractive finished appearance to the basement without the work of drywall taping and painting. Advantages include durability, moisture- and fire-resistance and the ability to remove panels for access to water pipes and electrical wiring.

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.
Bedrooms – A common strategy is to set up a couple of extra bedrooms in the basement for guests. This is especially beneficial for families that love to entertain on a regular basis. You can easily have guests stay over without disrupting the family space above. Basement bedrooms can also come in handy if you have older kids that cannot share bedrooms any more. Plus, you could also add a small kitchenette and bathroom for convenience.

Even if you do not use an online tool, plan extensively beforehand as to exactly what you plan to do. What color will the wall be? Will you put in any art? What flooring style will you go for? If your budget allows, you can consult an interior designer for recommendations. One advantage of such planning is that it allows you to set out a budget that you can work within, ensuring that you are not caught short of cash in the middle of your project.
This contemporary basement design has several entertainment areas such as pool game area, granite home bar and more than a few seating areas are perfect for accommodating different interests and activities giving this game room personal charm and style. Modern drop lights combined with recessed lighting provides ample illumination to the whole area.
Finished basement on high end house. I designed all of it and spent some time managing the process. Already had lots of windows (walk-out). Used high end materials and design features ( plank laminate flooring with some granite/marble, rope lighting, recessed panels,heavy finish trim molding, recessed lighting, rope lighting, central audio/speakers, full kitchen, full bath,fireplace, zoned HVAC, etc). Took almost 9 months to complete fully. Great finished product.

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.

If you are going for a movie screening room, then go with a dark neutral, or simply go dark. You want the walls to recede and you don’t want a lot of glare from your projection equipment or tv. Make sure to use a flat paint and paint the ceiling in a dark neutral to prevent light from bouncing around and creating glares. For a classic, old world move theater feeling, go with a rich burgundy or deep navy.


Finishing a basement ceiling can be a challenge as more than likely, you will need to work around duct, plumbing and electrical work, all while trying to maintain a comfortable room height. A qualified contractor may be able to reroute some of this hardware, but you will more likely lose some headroom to accommodate these fixtures in your finished basement.
Working out from the convenience of your home is not impossible to be achieved.  Did you know that home exercise equipment is smaller than its commercial fitness center counterpart?  So, these equipment takes up less space in this multi-use basement home gym, which doubles as a yoga studio.  Exposed beams with track light gives this room an industrial inspired theme.

Boys will be boys. This small man-cave basement is fully equipped with the essentials a man would need in his hideaway retreat – a wall dartboard, a bar and a liquor cabinet. Texture painted ceiling in two tone colors and neutral color painted walls are balanced by the medium tone wood stain finish of the cabinetry, doors and bar stools. Wall to wall carpet adds a warmth and welcoming feel to the room.


An unfinished basement serves as a valuable blank canvas. The finishing process begins with basics such as hanging and painting drywall and installing plywood floors at a relatively low cost. Basement finishing means taking a space that currently is not livable and transforming it into a space you can use and enjoy. In an unfinished space, there may be nothing but a concrete floor, exposed pipes and electrical, and no walls or only the barest of wall framework in place. On average, the cost to refinish will fall anywhere between $6,500 to $18,500, or more for larger spaces.
×