According to real estate agents and appraisers, a bedroom must have a door, window and closet. Adding a closet to your basement bedroom is crucial to adding value to your basement addition. There are a few components that will affect the cost, the size of the closet being the biggest. The average cost to install a closet is $1,779, with most homeowners spending between $1,272 and $1,917. More than likely, your closet cost will be lower seeing that the size of the closet won’t be nearly as large as your master bedroom or other main bedrooms.
Adding or enlarging basement windows and adding exterior doors are jobs for a professional, but the resulting natural light and ventilation will significantly increase your enjoyment of this living space. To add below-ground windows you'll need to dig a window well. The retaining wall for the well may be made of masonry, limestone blocks, or treated landscape timbers, as in this window well. The terraced timbers serve as pot garden perches as well as steps for an emergency exit.

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.
A traditional rustic basement family room features period details such as leather furniture, solid wooden chest used as side table, custom made display cabinet and paneled accent wall. Dark brown wood ceiling beam with mood lighting, conceals plumbing and highlights the wood panel ceiling which adds texture and character to the space. This cozy and warm retreat is perfect for relaxation and suitable for any family gatherings.
Groundwater isn’t the only source of dampness and moisture in a basement. Plumbing leaks and condensation are two other common sources. A good waterproofing contractor can install water alerts in your laundry area and near water heater tanks to warn you of a leak before it can cause major damage. He can also recommend a self-draining, high-capacity dehumidifier to further remedy moisture issues.
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.
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