You could spend anywhere from $5,000 to over $50,000. When finishing a basement, the possibilities are endless. Depending on what you already have and what you want done, your costs can range anywhere from a few thousand dollars to over $50,000.
How much does it cost to renovate a basement in Toronto?
On average, remodeling a basement in Toronto costs around $35 to $75 per sq. ft. So, if your basement measures 800 sq. ft., the overall costs will range from $28,000 to $60,000.
How much does it cost to redo a basement Ontario?
The average basement renovation cost ranges between $35-$55 per square foot. To put things into perspective, if your basement is 1000 square feet, then it would likely cost $35,000-$55,000 to renovate your basement.
Is it worth remodeling a basement?
Finishing Your Basement Adds Value to Your Home According to Zillow, homeowners can expect to see an average of 70 percent return on their investment with a basement finish/remodel.
How much does it cost to finish a basement in Toronto 2022?
A basement renovation cost summary As mentioned, the overall cost of your basement renovation will depend on what you put into it. On average, we’ve estimated that a basement renovation can cost anywhere between $25,000 and $60,000.
How much value does a finished basement Add in Ontario?
value of finished basements. The cost vs. value of your basement development project might vary from another, but there is data available to give you a ballpark idea of the return on investment. Based on the data available, you can expect to get back about $700 for every $1,000 you spend on your basement.
How do you budget for a basement renovation?
On average, basement remodeling costs $30 to $75 per square foot, so the cost to remodel a 1,000-square-foot basement would range from $30,000 to $75,000, depending on the material and fixture costs.
Can I put a kitchen in my basement?
It is not illegal to have a basement kitchen if it is built with the applicable valid permits to ensure that the construction, plumbing, electrics, and ventilation are up to code. If the kitchen is the second one in the home, the home may need to be re-zoned. If it is not re-zoned, the kitchen is illegal.
What is the hardest part of finishing a basement?
What’s the biggest challenge in finishing a basement? “Typically, the biggest challenge is working around obstructions. There are heating ducts, plumbing drains, water pipes, gas lines and electrical wires that are all off and hung below the floor joist.
What adds the most value when finishing a basement?
- Additional Bedroom.
- Additional Bathroom.
- Great Return on Investment.
- Way to Add Space if Zoning Codes Don’t Allow Other Additions.
- Income Property.
- Add Recreation/Storage/Guest Space to Home.
- Sweat Equity.
- Don’t Have to Use High End Materials.
What to Know Before finishing a basement?
- Check the Foundation. Before starting any construction in your basement, assess the state of the foundation.
- Identify Code Violations.
- Eliminate Water Issues.
- Insulate Properly.
- Assess the Ceiling.
- Work Around the Essentials in Your Design.
How do you finish a basement in Ontario?
Finishing your basement is classified as a renovation. In Ontario, all renovations should be permitted, so you will need a permit to finish your basement in Ontario. Each municipality has the specific details for obtaining a permit in that city.
How much does it cost to drywall a basement ceiling?
Drywall: It costs around $1.50 per square foot to hang drywall in your basement. Ceiling: Basic ceiling installation can cost as little as $1-2 per square foot. But, if the project is complex, it can cost around $6 per square foot.
How long does it take to finish a 500 sq ft basement?
One of the most significant factors extending the basement remodeling length is the size of the basement. If your basement is less than 500 square meters in size, the finishing time maybe just 2-3 weeks, compared to a 1000 square feet basement that may take double the time to finish.
How can I cover my basement ceiling cheaply?
A super easy DIY option for your basement ceiling is glue-on tiles. Typically made of polystyrene or fiberboard, these tiles come in a variety of colors, sizes, and styles, and are also paintable. You’ll need to install a foundation, like plywood, to glue them to. But after that, it’s as simple as glue and stick.
Should you put insulation in basement walls?
Walls. Basement walls should be insulated with non-water sensitive insulation that prevents interior air from contacting cold basement surfaces—the concrete structural elements and the rim joist framing.
How much should I charge to frame a basement?
It costs an average of $1,200 to frame a basement, with a typical range of between $500 and $1,600. It can cost as little as $250 to frame a small basement and as much as $4,000 for a large one. There are three types of basements: masonry wall, poured concrete, and precast panel.
How much does it cost to put a ceiling in a basement?
Average costs to finish a basement could run between $2,000 to $11,200 if you install a 400-square-foot drop ceiling. This includes $1,200 to $9,200 in materials for a large area. Labor also increases with the square footage and lands in the $800 to $2,000 range.
How much does it cost to install drywall in Toronto?
Drywall installation costs $1.50 to $3.50 per square foot of wall surface or $30 to $70 per sheet, including labor and materials for hanging, taping, and finishing. The cost to install a drywall ceiling is $1.50 to $3.80 per square foot.
How much does it cost to drywall a 12×12 room?
So, for a standard 12-foot-by-12-foot room (using 18 panels), you could expect to pay anywhere from $1,000 to $1,600 in total. Hiring a pro for this job typically costs around $50 to $100 per hour. An experienced local drywall installation contractor will provide you with a customized quote.
Does bathroom in basement add value?
Adding a basement bathroom can increase your home’s resale value by 10%-20%. It also can turn a wasted space into an enjoyable addition to your home. The average basement bathroom will cost $3,000-$25,000, depending on the existing plumbing and condition of your basement.
How much does it cost to dig a basement in Toronto?
On average, it will cost you about $80 per square foot in basement underpinning. The cost of excavation for lowering the basement is about $450 per linear foot. You also need to account for the cost of drawings and permits.
Does adding a bedroom in the basement add value?
Does adding a bedroom in the basement add value? Absolutely. Buyers are all about usable space and are willing to spend a little extra to have more of it. According to Remodeling Magazine, a midrange basement refinish yields on average 70% ROI.
What is the cheapest way to finish a basement wall?
Paneling can be used as an inexpensive way to finish you basement walls or ceiling. Use a strong adhesive to put strips of wood on your concrete basement walls, and then use wood screws that match your paneling to attach the paneling to the wood strips.
What is the cheapest way to finish a basement floor?
Concrete. Concrete flooring can be the least expensive choice in a basement because it’s already there. You might be able to give it a good cleaning, maybe grind down some rough spots, and call it good.