If you want to increase the amount of living space in your home, remodeling your basement makes a lot more sense than adding on a new addition. A finished basement has an ROI of around 70%, making it one of the better investments you can make in your home. A typical basement remodel costs around $90 a square foot, assuming moderate decor and finishes. With the average project size of 600 square feet, this puts the cost of the average basement remodel around $55,000.

Basements can be daunting spaces for remodeling. Cluttered, dark, and chilly, basements often convince homeowners to turn their attention to other projects in the home. But basements don't have to stay that way. They can be remodeled and finished so that they not only integrate with the rest of the home, but become a beautiful and valuable asset to the property.

What better feature to include in your basement plans than a home theater. Basements often have little to no windows, making the dark space ideal for that movie theater vibe. Raise the floor to add rows of recliners, invest in recessed fixtures with soft lighting you can dim, and swap out large a TV for a projector and screen. Whatever your style may be, there are tons of home theater ideas for you try!
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.
There is no shortage of modern basement ideas to borrow from. Unused basements tend to get filled with every old and unwanted item in the house from worn out furniture to childhood memorabilia. Unfortunately, this is letting precious square footage go to waste. The basement is a perfect space that could be transformed into a warm and welcoming area for your family and friends to enjoy.

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).
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.
Old homes may suffer from sagging foundation beams as a result of shifting ground or decay and deterioration of the original building materials. Foundation beams can be raised and shored up successfully, but the right tools, like a pneumatic jack, are essential. Depending on how much the foundation beam must be raised, this job may require several days of incremental steps to complete - which means increased labor costs. Hiring professionals is the best option for this job. Expect costs to run about $10,000 for repairs like a shifted foundation.
Are you thinking about finally completing your unfinished basement? While the average basement remodel cost is around $6,500 to $18,500, the return on investment can be up to 69%. That means having a finished basement is not only great for entertaining guests, but it’s also incredibly profitable for you because it’s a home feature buyers want. Here are some basement remodeling ideas to help you get started!
The average cost of basement remodeling varies based on the square footage of the basement space, if structural changes are needed, and if you are adding in elements such as electrical work for a kitchenette or plumbing for a half bath. Other factors in cost include whether you have design plans already and what work you want done on the finishes such as trim and flooring. Here’s a breakdown of the various cost factors.
You already have stairs to the basement, but when you're doing basement renovations, make sure they meet code and look good. If they're not in a convenient location, consider moving them to a better spot. Codes vary with staircase configurations and baluster shape, so you'll need to talk to the building inspector about your plans. It's also a good idea to consult an architect or other design professional for help in designing a staircase that works well with your other plans for the space.
For $500-$5,000, Do-It-Yourselfers can waterproof the walls with a brush-on compound, then add carpeting, paneling, a dropped ceiling or other touches to make a basement into a more usable living area. Actual costs depend a great deal on what shape the basement is in at the start of the project, and whether the upgrades include such items as ground-level windows; improved lighting; a full- or half-bath; and a laundry area. The upper end of the price range includes hiring contractors to install proper ventilation, electrical wiring or plumbing.
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A finished basement has the potential to add value to a home, especially when it comes time for resale. The average basement remodel project can have up to a 70% return on investment. Home buyers typically prefer a house with a finished basement and may even increase their offer if that living space recently has been updated or remodeled. The finished basement also adds value by creating more living space in the home without having to spend thousands on an addition.
Finishing the ceiling of a basement can be a tricky proposition. In most basements, important pipes, wires, and ducts already crisscross this area, often lowering the total ceiling height. If you were to install a drywall 5 or standard ceiling, you would be encapsulating these items, making them difficult to find and access in the event of an issue. Therefore, most basement ceilings are finished with some type of drop or suspended ceiling, sometimes known as an acoustical ceiling 9 or a grid ceiling.

Any project involving electrical, plumbing, or turning the basement into a livable space, requires permits. Plumbing must be done to code for proper drainage to avoid health issues. It also has to ensure flushing certain waste back into the sewer. Electrical issues can cause short-circuits, blown breakers, and fires. The chance of something happening increases if installation is not done properly from the start, including acquiring the proper permits. If creating a bedroom or other regular living space, permits are required. Emergency escape avenues (for fire and other emergencies) need to be in place as well.
Before using this basement remodeling calculator, understand that its pricing is based on a few basic assumptions about your floor. The calculator is assuming that you’re starting with a concrete floor in an unfinished basement. Anything beyond that, including removal of old flooring materials, is not taken into account in this estimate. You should keep this in mind.
What better feature to include in your basement plans than a home theater. Basements often have little to no windows, making the dark space ideal for that movie theater vibe. Raise the floor to add rows of recliners, invest in recessed fixtures with soft lighting you can dim, and swap out large a TV for a projector and screen. Whatever your style may be, there are tons of home theater ideas for you try!

Basements can be daunting spaces for remodeling. Cluttered, dark, and chilly, basements often convince homeowners to turn their attention to other projects in the home. But basements don't have to stay that way. They can be remodeled and finished so that they not only integrate with the rest of the home, but become a beautiful and valuable asset to the property.
Basement remodeling can be stressful, and understandably so. But the styling aspect will provide some much-needed fun. Seeing your newly finished basement take shape as the flooring is installed and the walls painted will be exciting and there is no feeling like seeing it come to life as furniture is put into place and light fixtures are installed. 
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