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How much to remodel basement

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Overall the most expensive parts of finishing your basement are plumbing, flooring, waterproofing and egress window installation.

Is finishing a basement worth the money?

A finished basement can add value to your home — between 70%-75% of the initial cost. You'll essentially be adding living space to your house, which will be a clear advantage when it comes to selling your home. As potential buyers come to look at your home, they'll be impressed with the new look of your basement.

How do I budget my basement to remodel?

According to HomeAdvisor, the average cost to renovate a basement is $30 to $75 per square foot for most homes. However, this depends on the materials you use, the square footage of the basement and if you plan to make it a do-it-yourself project.

How much does it cost to renovate a basement in Chicago?

On average installing an unfinished basement will generally cost from $10 to $25 per square foot while a finished basement construction cost will be between $30 and $100 per square foot.

What are the cons of a finished basement?

Con: A Basement Refinishing Project Will Be Disruptive

Noise and temporary electrical or plumbing outages are common during basement remodeling. Although your contractor will do his best to contain dust, you'll probably need to clean more often than usual.

How to fix up a basement on a budget?

Here are 11 project ideas that will make your basement livable on a budget:
  1. Improve part of the basement.
  2. Paint the ceiling and walls.
  3. Incorporate an accent wall or ceiling.
  4. Add new lighting.
  5. Include storage options.
  6. Customize your staircase.
  7. Get creative with flooring.
  8. Break up open areas with furniture or dividers.

Is a basement remodel a good investment?

In the US, finishing a basement will give you a return of 70 to 75% of your investment. That means if you spend $10,000 on improvements, the value of your property will increase by about $7,000. Although you may not recoup 100 percent of your expenses, that's a good return on investment for most home sellers.

Frequently Asked Questions

How do I calculate the value of my finished basement?

Below-grade living space is worth about half that of above-grade living space. So, if the price per square foot in your area is $150, your basement price per square foot would be $75. Appraisers may also calculate the price per square foot for the entire home, then divide it by the gross living area.

What adds most value to basement?

Create more bedrooms or a family room

Converting the basement into an extra bedroom is a cost-efficient way to do just that. And if you're expecting visitors, they'll have a cozy spot too! A family room is another excellent addition that adds value and functionality to your home.


How much basement remodeling cost

Nov 9, 2022 — A partial remodel for a basement that's less than 700 square feet could cost anywhere between $9,000 and $52,000. A complete remodel for a space 

How can I save money on my basement renovation?
10 Ways to Save on the Average Cost of a Basement Remodel
  1. Decide how you will use the basement space.
  2. Convert an unfinished basement into a livable space.
  3. Add windows and skylights to basement remodels.
  4. Use salvaged materials for your basement remodel.
  5. Incorporate a small kitchen or wet bar into the basement space.

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