Another choice is to apply a stucco surface. Stucco is inexpensive, comes in a few different earth tone colors, and makes a durable an attractive surface. Applying it requires some skill, however, so you may need to pay a masonry contractor to stucco your walls. Otherwise if you mix or apply it incorrectly the surface could crack and deteriorate over time.
Because basements are usually below ground level, water seepage and moisture issues have to be resolved before construction can start. Prior to creating a project bid, most contractors will inspect the area to check the interior floor and walls for dampness and make sure the exterior of the foundation is in good shape. Depending on how watertight the basement and foundation are, it may be necessary to protect the basement from future water damage after it’s finished, often through the installation of sump pumps. This work can cost anywhere from $700-$3,000, depending on what needs to be done. Learn more about basement waterproofing. To help prevent moisture problems, homeowners can clear downspouts and gutters of debris to ensure that they help keep moisture away from the foundation.
Running out of space in your home? Look down under. These homeowners found fresh square footage in their home by remodeling their basement into a budget-friendly, space-savvy hangout. An orange, green, and blue color scheme adds a bright look to the basement, while the combination of custom storage solutions with big-box finds creates a space that serves many needs.
Of that amount, $15,000 on the labor cost and the rest on material. all walls demolished, cracks in the wall fixed, then insulated and rebuilt, new windows, new electricity wiring, new floor tiling, new web bar, new stairs build from scratch replacing the old. Also, built two closets, one with shelves and the other for clothe-hanging, two utility rooms, one of them where the burner is fire proofed, all walls plastered and painted, wood stained etc. The contractor worked 10 hours a day and finished the entire project in five weeks! (I cooked lunch and provided cold drinks.) could have build a bathroom for $3000, but I decided to do that another time.
But beforehand you’ll want to prep the brick or masonry walls by building a simple wooden framework against them that you will use to attach the paneling or gypsum board (another name for sheetrock).Do that by attaching 2-inch by 2-inch furring strips to the walls. These are inexpensive and lightweight lengths of wood that look kind of like skinny versions of traditional two-by-fours.
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.
Accounting for variables such as square footage, materials, electrical and plumbing, the average basement remodel ranges from $11,034 and $29,226. Some cost as little as $5,000, with top of the line remodels costing over $40,000. The average cost to homeowners is $20,126. Expect to spend between $10 and $35 per square foot depending on the changes made.

Most homeowners tend to neglect or overlook the potential of their basement, using it only as an extra storage room. But many homes have basements that are fully capable of being converted into more livable and adaptable space. That adds additional square footage and can significantly enhance your quality of life and the marketability of your home.

Material Costs - In addition to the cost of framing and installing drywall to a basement bathroom, material costs can include: ceiling, flooring, paint, trim, toilet, sink, vanity, all fixtures, tub/shower surround, lighting, and all finishes like towel racks. Plumbing and electrical supplies also factor in to the final budget. Many material costs depend on type of product selected, the brand, and how high-end it is. Heated ceramic floor tiles cost more than basic vinyl tiles.
Local planning departments usually have specific regulations on ceiling height, access doors, radon ventilation, waterproofing and other details of the basement remodeling process. Many building codes now require upgrades such as residential fire sprinklers for new construction or major remodeling projects. Ask about local requirements and get all required permits (or make sure the contractor does this). Depending on the location, permit costs can be next to nothing or extremely expensive; find out exactly what they are and include them in the project's budget.
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.
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.
How fast the job needs to be completed has a significant impact on the final price. A professional team can take a basement from framing to complete in about 45 days. A DIYer typically needs more time. If things need to be inspected, inspectors work on their own schedule, and if concrete needs to be poured, time must be allotted for it to properly set.
Will Fowler is the Marketing Director for the Concrete Protector and Sani-Tred in Wapakoneta, Ohio. Will designed his first website when he was 15, and loves all things in design, wordpress, and apple. Will enjoys writing about home improvement, basement waterproofing, and decorative concrete coatings. Will lives with his beautiful wife, four rambunctious children in Ohio.

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.
All but the most skilled and motivated homeowners should leave basement finishing to the experts. “You run the risk of not understanding the building codes and having to tear it out and redo it,” Sebring says. Hiring subcontractors and managing the job on your own, rather than hiring a general contractor, could save some cash, but be prepared to treat it like a full-time job, he says.
The basement depicted here had unused space underneath the stairs. Why not transform this area into a storage or display area instead? These homeowners found some usable square footage in their home by remodeling their basement into a space-conscious hangout, an inventive and creative strategy that shows you don’t have to substitute style for function. 
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