Table of Contents
Average Cost to Finish a Basement Type of Cost Cost Average Cost $18,400 Highest Cost $80,000 Lowest Cost $3,000.
How much does it cost to frame a 1000 sq ft basement?
Cost to Frame a Basement Square Feet Materials Cost Framed and Drywall Installed 1,000 $1,000 $3,050 1,200 $1,200 $3,660 1,500 $1,500 $4,575 1,800 $1,800 $5,490.
Is it worth it to remodel a 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.
What is the most expensive part of finishing a basement?
Breaking down the cost to finish a basement Flooring and wall coverings like paneling are the biggest expenses, making up approximately 15% of the total cost to finish a 1,200 square-foot basement, Sebring says.
How do you budget for a basement renovation?
The average cost of finishing a basement can range from $7 to $23 per square foot, with the average at $25 per square foot. The total price depends on the quality of the materials you choose, the contractor’s labor fees, and the purpose of the space.
How much does it cost to put a wall in a basement?
The national average materials cost to frame basement walls is $0.96 per square foot, with a range between $0.90 to $1.02. The total price for labor and materials per square foot is $3.67, coming in between $2.52 to $4.82. A typical 300 square foot project costs $1,100.19, with a range of $755.37 to $1,445.01.
How much does a basement ceiling cost?
Cost to Build a Basement Ceiling Drywall ceilings start at about $1,600, or $2 per square foot. Basement bands or music lovers should invest in acoustic ceiling tiles which average about $4 per square foot. Drop ceilings average $3.50 to $4.30 per square foot.
Does finishing basement increase home value?
While finishing the basement certainly adds to the value of a home, it’s not always as significant as you might think. According to Remodeling Magazine, the national average for recouping basement finish or remodeling cost is 79%. Resale Value done by Remodeler Magazine.
What adds the most value to a home?
What Home Improvements Add the Most Value? Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. Bathrooms Improvements. Updated bathrooms are key for adding value to your home. Lighting Improvements. Energy Efficiency Improvements. Curb Appeal Improvements.
Is a basement a good investment?
Finishing a basement can be a good investment. According to cost versus value surveys conducted annually by Remodeling magazine, the average return on investment for a basement project nationally is currently around 75 cents on the dollar.
Which flooring is best for basement?
What basement flooring options and materials are the best? The best type of flooring for basements is vinyl. Vinyl flooring can come in the form of vinyl plank and vinyl tile, giving it the ability to look nearly identical to hardwood and stone products with the added benefit of being waterproof.
What to Know Before finishing a basement?
6 Things You Have to Do 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.
How can I cover my basement walls cheaply?
Fortunately, you can cover basement foundation walls quickly and inexpensively. Attach wood furring strips, Z-shape channels, or 2×4 studs to flat, dry masonry walls, then add insulation and cover the strips or studs with drywall.
How much does it cost to add a kitchen in the basement?
A wet/bar or kitchenette of modest size can cost between $1,000 and $5,000. For a more full-featured guest apartment kitchen, plan on $12,000 to $20,000. A closet, which is a necessary feature if a basement room is to officially qualify as a bedroom, costs between $1,200 and $1,900.
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.
Is it hard to frame a basement?
Framing basement walls is the first phase of learning how to finish a basement. I do love the smell of lumber dust on a cool fall morning. Don’t worry, it’s not as hard as it looks, but it’s one of the steeper learning curves. Once you get the basic concepts down it’s just rinse and repeat.
Can I finish my basement myself?
The basic steps to finish your basement include insulating walls, choosing flooring and adding a ceiling to transform your lower level into an additional living area.
Does adding a bathroom in the basement add value?
Adding a bathroom to your basement makes it livable space, which increases the overall market value of your home. A bathroom in your basement can also be a huge selling point for buyers if you are ever looking to sell. When a basement is unfinished with no bathroom, buyers look at the basement as wasted space.
Does a walk out basement count as square footage?
A basement must have a legal ingress or egress to count as square footage. This is partially a safety issue. However, sometimes only the above-grade square footage of a walk-out basement is included in the home’s total square footage.
Can I count my basement as square footage?
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.
