Basement Refinishing The average costs of refinishing your basement can be anywhere from $6,500 to $18,000, but will depend on each individual project.
Is it worth finishing your basement?
Many people wonder if finishing their basement is worth the time, effort, and money to remodel their downstairs space. To answer that directly, yes, finishing your basement will almost always increase the value of your property. The standard return is around 70%, according to Remodeling.HW.net.
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.
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 is the cheapest way to fix a basement?
If you’re wondering if paneling or drywall is the cheaper finishing option, generally speaking, drywall is cheaper than paneling. This is because it requires less attention to detail and finish work during the installation process. Drywall also adds better soundproofing than paneling, and it’s easier to repair.
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.
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.
How much value does a finished basement add?
The appraised value of finished basement space is generally 50% to 60% of the value of the main level square footage. To maximize the cost/value ratio, the market experts recommend keeping the basement budget below 10% of the existing home’s value.
How much does a basement ceiling cost?
Raising a basement ceiling typically costs about $19,200 and can range from $16,000 to $24,000. During this process, the house is lifted and the foundation is raised to a new level.
What is the best ceiling for a basement?
Suspended ceilings are one of the most popular basement ceilings. Consisting of a simple grid and lightweight tiles or panels, a suspended ceiling covers exposed beams, ductwork, and electrical wiring, while allowing easy access for repairs or leaks.
Do I need to insulate my basement ceiling?
Yes. Faced insulation is actually recommended on basement ceilings and ceilings in general. The covering or “face” of the insulation prevents it from falling out and trickling down into the basement air. This is especially advantageous if the insulation is made of fiberglass, which can harmful if it’s ingested.
Should I sheetrock my basement ceiling?
The Drywall or Sheetrock Ceiling for Basements A big advantage of having a drywall/sheetrock ceiling in a basement is that loss of headroom will be minimal. Drywall uses less space so it is a good choice when you have low ceilings and need to take advantage of all the headroom possible. Drywall will not sag.
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.
Do you need to insulate 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.
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.
How do you fix up a basement without finishing it?
- 10 Ideas for your Unfinished Basement.
- 1 | Hide Mechanicals.
- 2 | Install Electrical Outlets.
- 3 | Deep Clean the Basement.
- 4 | Add Overhead Lighting.
- 5 | Paint the Exposed Ceiling.
- 6 | Paint the Basement Walls.
- 7 | Paint the Basement Concrete Floors.
What can I use instead of drywall in my basement?
- Wood Planks. Wood planks are an age-old drywall alternative that has certainly stood the test of time well.
- Veneer Plaster.
- Lath & Plaster.
- Plywood and Sheet Wood.
- Texture Wall Panels.
- Brick & Masonry.
- Exposed Concrete Block.
- Cement Board.
How can I save money to remodel my basement?
- Opt for an inexpensive, prefabricated egress window and well.
- Test exterior walls for moisture before finishing.
- Cut out some studs.
- Install drop ceilings.
- Skip the carpet and install luxury vinyl tile instead.
- Add a bathroom (or at least a half bath) near existing plumbing.
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.
Can a toilet be installed in a basement?
If you think plumbing can be difficult above ground, then you can only imagine the challenges that arise when installing a basement toilet. But don’t give up just yet: With the right plumbing solutions for your space, you can easily install a basement toilet.
Can I put a shower in my basement?
Installing a tub or shower in your basement carries many of the same concerns as installing a toilet. You may need to break up the floor and excavate to install the plumbing. If plumbing stubs are available, you can install a shower as you would in any other room.
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.
Do appraisers look in basements?
If you have a functional attic, basement or garage, your appraiser will factor those assets into your overall home value. In most cases, the square footage of these areas won’t count towards your total home’s square footage.
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.
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.