Depending on the space’s needs and the features you choose the pricing can range from approximately $15,000 to do a basic refinishing to upwards of $60,000. The average basement remodeling project is probably somewhere between $30,000-$35,000.
What is the cheapest way to remodel a basement?
You can save on the cost to finish a basement by doing things not bound by codes: installing trim or doors, painting walls and woodwork, and installing flooring, says Buckeye Basements’ Jon Smith. Beyond that, count on using some pros.
Is basement refinishing worth it?
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.
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.
Does finishing basement increase home value?
In the United States, on average, finishing a basement will give you a return of 70 to 75% of your investment. For example, if you spent $1,000 on improvements, it would increase the value of the property by about $700. If you spent $10,000 on improvements, it would increase the value of the property by about $7,000.
Does adding a bathroom in the 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.
Why do people not finish basement?
Use As Storage Some families prefer using the basement as a storage space for unused devices or nostalgic items that can’t be thrown away just yet. A basement used as a storage space does not need to be complete as the space won’t have as much traffic as other areas.
Do basement bathrooms count appraisal?
As a general rule of thumb, listing agents and appraisers don’t count a finished basement toward the overall square footage, especially if the basement is completely below grade—a term that means below ground level.
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 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.
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 much does a 2000 square foot foundation cost?
An average home is about 2,000 square feet and a foundation can cost from $13,000 (including materials, labor and permitting) to more than $40,000 if it’s a basement foundation. For a project on the low end, budget around $15,000 in case of cost overruns and around $45,000 for a project on the higher end.
Can you drywall a basement?
If installing drywall panels, use moisture- and mildew-resistant drywall. When insulating concrete basement walls, which is a good idea because concrete basement walls are often cold, it’s a good idea to use a faced rigid foam board insulation if the insulation will come into direct contact with the concrete wall.
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.
What is a Yankee basement?
What Is A Yankee Basement? A Yankee basement is a root cellar. The name for the space comes from the dugout in baseball, which is the area where teams have their benches located in foul territory.
What’s the first step in finishing a basement?
Many unfinished basements have simple concrete walls. To finish them, you’ll need to first insulate, then frame, and then finish up with drywall.
Is a finished basement considered living space?
While a finished basement is considered living space where your property value is concerned, it’s only in rare instances that this living space is counted towards the square footage. Even if your basement is not an exception to the rule, a finished basement is an asset to your property value.
Why are finished basements not included in square footage?
The entire level must be above grade in order for that space to factor in to the official square footage. This almost always means that if any portion of the basement is below grade, the entire level will typically be excluded from the calculation of the home’s square footage.
How do you put a toilet in a basement without breaking concrete?
You can tie a bathroom tub or shower into an upflush toilet system, which eliminates the need to break into the concrete floor. The system sends the wastewater from the shower drain and toilet to a holding tank before being pumped to the main sewer line.
Is a good idea to have a bathroom in the basement?
Adding a bathroom to your basement makes it livable space, which increases the overall market value of your home. A bathroom in your basement can also be a huge selling point for buyers if you are ever looking to sell. When a basement is unfinished with no bathroom, buyers look at the basement as wasted space.
How much does it cost to run plumbing for a new bathroom?
The average cost to rough-in plumbing for a bathroom is $7,000. However, it can range from as low as $750 to as much as $20,000. The final price depends on the piping material, home size, labor fees, number of fixtures, and more.
How do you insulate an unfinished basement?
How do you remodel an unfinished basement?
How do you make an unfinished basement cozy?
The best way to make your unfinished basement feel complete is by adding accents and decor just as you would to any other room in your house. In addition to the basement ideas above, like hanging string lights and adding area rugs, bring in other details that will add warmth, texture, and ambiance.
Does water in basement affect appraisal?
Water damage also affects the appraisal value of your home, so if you’re thinking about getting the equity you’ve earned on your property, you may want to learn more about leaks.