Because basements are usually below ground level, water seepage and moisture issues have to be resolved before construction can start. Prior to creating a project bid, most contractors will inspect the area to check the interior floor and walls for dampness and make sure the exterior of the foundation is in good shape. Depending on how watertight the basement and foundation are, it may be necessary to protect the basement from future water damage after it’s finished, often through the installation of sump pumps. This work can cost anywhere from $700-$3,000, depending on what needs to be done. Learn more about basement waterproofing. To help prevent moisture problems, homeowners can clear downspouts and gutters of debris to ensure that they help keep moisture away from the foundation.
Partitioning your basement into separate rooms transforms it from a storage and utility area to an inviting, warm living space. Framing the basement walls and ceilings makes a tremendous difference in the basement’s appeal. Installing interior walls in a large basement helps to hide expanses of empty space, instantly providing a feeling of coziness. Rooms that can be used for a media room, home office or bedroom will result in extra square footage, increasing the value of the home.
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.
Determine your budget and costs to finish a basement will help get bids before you make a final decision. For example, you may find a cheaper drywaller than you expected, and can use that extra money to add a bedroom. Or you may find that carpet was more expensive than planned, and you will have to make a dry bar with no sink instead of a wet bar. The budget is a guideline for what goes into your basement, and is really the major factor in determining what your space will be. The costs of labor and material will begin to shape your basement within your budget. One final note on your budget. Unless you plan to spend a long time in the home, you will want your budget to be lower than the value it will add to your home. You can determine the general value added by talking to realtors or appraisers and using comparable sales in your area. This is very important because you don't want to spend $25,000 on your basement and only add $15,000 to the value of your home.
A luxurious contemporary basement opens to the movie and media room which showcases a drop round tray ceiling, recessed lights, light tone wood flooring and built-in entertainment center which stretches across one wall and doubles as bookshelves, provides extra storage for games, videos and other entertainment technology. A small pantry area provides convenience for food preparation and storage. Classic neutral colors add a sense of well-being, ease and coziness to the room.
Most cities and towns will require a permit for basement remodels. In addition, there are several codes that dictate what can be done in this area. For example, a basement must have a ceiling height of a minimum of 7-feet. If your basement has a ceiling height lower than this, it may not pass code if remodeled. In addition, plan the cost of the building permits, around $430 on average, into your budget.
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.
First, what are you using your basement for? This will greatly determine what finish you give the basement. A living area needs to feel warm and cozy, a bedroom needs to have a quiet and relaxing finish and a game room needs some exciting colors. There are plenty of websites offering basement finishing ideas you can borrow. We have our own list below that you can use as a starting point. Find a style that pleases you and adapt it to fit your finished basement.
But the brilliant trick she employed to disguise the too-low ceiling was to paint the walls and ceiling the same color (Farrow & Ball, Elephant's Breath). Painting the ceiling white and the walls a different color would have created a horizontal line. The eye would use this line to establish the height of the ceiling. Instead, walls and ceiling blur together, making the ceiling look higher than it really is.
A sophisticated media room featuring an open plan layout design scheme features a kitchenette and bar for entertaining, a light one wood cabinetry is designed for extra storage space and at the same time doubles as an entertainment area and a working/study corner. The fireplace serves as a focal piece and makes this room warm and cozy together with the cool neutral shades of brown and tan.
Add to this any custom work that you may want to have done to turn the basement into the type of room you have in mind, and the labor could continue to mount. Most people also find that they need a painter ($20-$35 per hour), and in older homes, asbestos 10 testing and removal ($1,500) is also recommended before the work can begin. For these reasons, many homeowners often choose to use a basement finishing system, which often has one set price for materials and labor (around $50,000 per basement) and decorate later as they choose.
Whether your basement is for a game room, man cave, yoga retreat, or movie room, this room has the potential to be the best room in the house. What color you chose depends on a few things, the most important being what is the tone that you want to set for the room? Followed closely by how the room will be used and who will be using it most. The color is really going to set the stage for this space so you want to make sure you have the right color before you commit it to your walls.
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.
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.
A focal point wall is a great way to build architectural interest in the basement by installing brick tiles for durable and easy-to-maintain walls. This multi- purpose room and entertainment area, features a pool table, game table and home bar transforming a boring basement into the family room where everyone can relax, unwind and enjoy. Many finished basement ideas incorporate a home bar, game area and dining table to provide plenty of opportunities for entertainment and fun.
Before walls and flooring can be added, the basement must first be professionally framed. Framing an unfinished basement can be very expensive; not only will it require a large amount of labor, but material costs are high as well. If you consider all the lumber your contractor will need to lay, plus crossbeams and studs, you will find that lumber is going to be one of the costlier aspects of the project.
Basement remodeling adds value to your home, increases your useable living space, can protect your foundation from moisture damage, and looks great. Many people remodel a basement to create space for an aging parent or to make room for more children. Another reason for basement remodeling is to create a rentable space that is separate from the rest of your home for a long-term renter or for short-term renting.
All big appliances or home equipment are better to store in the basement. They can be a huge eyesore if you place them in places where they can be seen regularly. The basement is perfect for the heating and cooling system because most pipes and ducts pass through the basement at one point or the other. Water heaters are usually found in basements and you should definitely pencil it in when you are making a basement plan. Most basements are extra space that a homeowner might have in their house. So the basement usually serves a purpose of fun. A lot of basement plans include an area to have fun or to relax. You could follow suit.