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.
The ceiling of this Connecticut basement was very unattractive. Wire, pipes, and insulation were exposed to the room below. Connecticut Basement Systems recommends installing a drop ceiling when finishing basements. These allow easy access to shut off valves, wires, and pipes that lead to the rest of the home. The tiles of our drop ceilings are made of mineral wool, making them completely inorganic. Mold can only grow on organic material, so mold or mildew will never be an issue on our ceiling tiles. They will not sag from moisture in the middle, giving an eternal crisp, clean finish. Our tiles even come with a 30 year warranty against mold and sagging. After the installation of the new drop ceiling, the basement was much brighter and had a clean appearance. The stylish crown molding around the perimeter of the room gives a beautiful transition to where the wall meets the ceiling.
Failure to obtain proper permits can result removing (demo-ing) any current finishing work or remodeling already installed. You could also face fines. A "stop work order" may be issued, which usually causes double the fees when you do, eventually, apply for the permit(s). If you have to file an insurance claim and can't produce any permits, the insurance company may deny the claim. Finishing a basement without permits also can affect the home's resale value.
There are several types of basement remodeling depending on the outcomes you want. Whether you have nothing but damp concrete walls and floors or you have a finished basement with painted walls, a pool table and a wet bar will determine the scope of work for your basement remodel and the cost. Here are some common basement remodeling projects that homeowners take on and their related costs.
In addition to floors and walls, upgrading your basement ceiling is another option to consider. Finishing your basement creates a new room in your home and a part of any room is the ceiling. While it’s cheaper to leave the ceiling the way it is, many basements have exposed wiring and duct work that service the home above. In certain cases, leaving all this exposed may be the better option, but for others, upgrading the ceiling could be the right choice. Understand that any addition to the room will up the overall price, so be sure to make the right choice for the space and your wallet.
A finished basement has the potential to add value to a home, especially when it comes time for resale. The average basement remodel project can have up to a 70% return on investment. Home buyers typically prefer a house with a finished basement and may even increase their offer if that living space recently has been updated or remodeled. The finished basement also adds value by creating more living space in the home without having to spend thousands on an addition.
An unfinished basement serves as a valuable blank canvas. The finishing process begins with basics such as hanging and painting drywall and installing plywood floors at a relatively low cost. Basement finishing means taking a space that currently is not livable and transforming it into a space you can use and enjoy. In an unfinished space, there may be nothing but a concrete floor, exposed pipes and electrical, and no walls or only the barest of wall framework in place. On average, the cost to refinish will fall anywhere between $6,500 to $18,500, or more for larger spaces.
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.
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.
So if you’re thinking about remodeling your basement we put this post together to give you attainable inspiration. This basement remodel before and after article is a collection of 10 basement remodeling projects that are sure to impress. If you’re looking for fresh ideas for your upcoming project, check out the pictures below to see the possibilities.