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.
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.
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.
The following list includes major work tasks commonly performed during Basement Remodeling. Use this list to understand the timing and sequence of different steps in the Basement Remodeling project. Click any Task name for a complete written specifications, FAQs and quality checklist for the task - this essential information will help you control Basement Remodeling project cost and quality.
If a homeowner is seeking to make basic changes in order to renovate a basement, then it can cost as little as $1,000 - $6,000. This means the walls and floor will be waterproofed, then carpet, wall panels, upgraded flooring or improved lighting might be added to make a basement feel like a living space. The cost will depend on the initial shape of a basement, how many upgrades are made and whether or not a contractor is hired to make certain installations.
Owens Corning offers an insulated wall panel for basement conversion composed of compressed fiberglass lined by vinyl on the finished side. It attaches to block and poured concrete foundation walls with special channels. If you need access to electrical wires or plumbing behind the panels, you can remove them. The panels are non-flammable, impact resistant, won’t trap water vapor, and don’t support mold. They may, however, be damaged in a flood if left standing in water for any length of time.
Installing all of the necessary plumbing and electrical work while walls and floors are unfinished will result in savings.Starting from scratch doesn't require demolition, which can save you around $2,000. Framing may be necessary to define rooms and spaces. System upgrades usually call for minor expansions to the HVAC and electrical systems, but not adding plumbing. The bulk of the cost, however, is in flooring and finishing. After wrapping things up with carpeting, drywall, and ceiling material, you can expect to pay anywhere from $6,500 to $15,500.
Unless you install a plywood subfloor, your basement floor is likely to be a concrete slab. Fortunately, concrete accepts most common flooring choices, from paint to vinyl, laminate, tile, and carpet. Most solid wood flooring is not recommended for below-grade installations, however, because it shrinks and expands, resulting in gaps or warping. Engineered wood is a good alternative because it shrinks and expands a little less.
If serenity is what you are after, think watery blues with undertones of green. Blue can read differently in different light levels, what looks relaxing on the sample strip can look downright neon covering an entire wall, choosing a blue with green undertones will help prevent that electric blue look. These beautiful, watery colors will make your basement guest room feel light and airy. It will also provide a relaxing, outdoors vibe to a yoga or meditation retreat.
Putting down a floor in your basement offers a host of different options that will depend on your wants and needs more than anything else. Carpeting in the basement can easily be installed by any professional. Any type of carpeting can be installed in the basement and is often the most economical option. Another popular solution to flooring in the basement is the use of tile. Although tile is a more expensive option considering both material and labor costs, tile can be very visually appealing in your newly remodeled basement.
When it comes to basement remodels, the most costly way is to start with bare bones. If all you have is concrete walls and floors, you need to add framing, electrical, plumbing, flooring and trim. Basement finishing in a newer home that already has plumbing and electrical roughed in, a watertight foundation and some insulation installed—but no final finishes (like drywall or paint or carpet)—usually costs less than remodeling an already finished basement. This is because when you already have a finished basement, the pros will need to do demolition at the beginning of the project, which can add $500–$1,500 to overall costs.
When putting a wall over a recently constructed frame, sheetrock is the industry standard for a durable option, that can be painted easily. It can help insulate the room due to its density and generally lasts a long time when maintained. If you’re trying to significantly drive down costs, using paneling for the walls is an effective option. It’s very light, inexpensive and pre-finished in a variety of different sizes and types. Labor costs may also decrease because paneling is easier to transport and work with.
There are no hard and fast rules about wall color in a basement, but there are ways to make your color look it’s best in a space that often has no natural light. Ensure that your lighting is in place and adequate before deciding on a color, determine what the space will be used for, and consider the tone that you want to set for the space. Your basement is one of the few truly personal spaces in a home, make it yours!
While some enjoy the industrial look of exposed metal beams, drops ceilings are the way to go! Not only do they help keep your basement at a comfortable temperature, but they’re also easy to install and good for soundproofing the space. If you plan to build a spare bathroom or theater in your basement, drop ceilings will hide unsightly plumbing pipes and wires!
Basements are ideal for casual social activities for the whole family, or just for the kids. It's the perfect spot for the big screen TV, pool table, and to stash board games and craft supplies. Make this space inviting by finishing and decorating it like any upstairs room. Choose comfortable furnishings that can be easily rearranged to accommodate a few people or a crowd. Incorporate sound systems, internet connections, and good lighting to make the basement design functional.
While basements get a bad rap at times, if built finished out or remodeled later on,Â they actually offer a wealth of extra living space for many purposes and activities. For instance, a media room, living room, wine cellar, wet bar, gym, office, playroom, man's cave, laundry and guest room are all popular choices for basement spaces. If you are lucky enough to live in an area where basements are a commonly built element of most homes, you may just be sitting on a myriad of abundant new living possibilities! We've included some of our favorite basement remodeling ideas and images below. Which do you like best?