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.

Basement water leakage can cause serious problems for a homeowner. Standing water can lead to mold growth, which poses health issues. It's also a haven for bugs and other pests. Over time, concrete blocks and foundations can sustain hairline cracks. While they may appear small on the surface, they can be the start of an enormous problem, so early repair is key. The only way to rectify a basement water problem is to remove the water and seal the leaks. This may involve removing existing paint or wall coverings as well as replacing soggy beams.

Support beams are common and necessary in most basements. Connecticut Basement Systems provides a bright, attractive, detailed column wrap to transform these unattractive poles into a sophisticated design choice-- SmartPost Column Wrap. Crown molding along the top and bottom makes these especially beautiful. They are made of durable, long-lasting materials, and have the ability to transform your basement into an attractive living space!
Drywall must be applied to any framed basement walls you have and must be applied to any additional walls used to create your basement bedroom. A standard 8’ by 4’ panel will cost between $10 and $20, depending on the thickness. The cost to install these panels varies, but most homeowners report spending around $1.50/sf. The total cost of your project will range between $1,152 and $1,982, with an average cost of $1,915 to install a wall.
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.

Hardwood, laminate and tile flooring significantly increase the cost to finish a basement. Sebring, who calls carpet “the king of basement flooring,” says many people are scared about the consequences if a carpeted basement floods. But even top-of-the-line vinyl and tile has to be pulled up if there’s serious water damage, he says, and you can replace carpet multiple times for the same cost of installing hard flooring once.
Search the pro’s contractor’s license to verify they are in good standing with the state board. As an example, in California, search the California State Contractors Board to learn if the license is up to date, if they have any legal action against them and if the contractor is in good standing. Some states only require contractors licenses for residential projects based on price, so research your region to be safe. For more information on smart hiring, check out our safety tips.
Storage is key in a multipurpose space. There are several storage units throughout this basement. An IKEA cubby bookcase is a perfect fit for the office niche. Orange baskets corral small items and add spots of color to the basement's storage solutions. Stock cabinetry did not fit in the bar or media spaces, so the homeowners opted for costly, custom cabinets. Experiment with different types of storage units in your home to utilize every possible space.
Storage is key in a multipurpose space. There are several storage units throughout this basement. An IKEA cubby bookcase is a perfect fit for the office niche. Orange baskets corral small items and add spots of color to the basement's storage solutions. Stock cabinetry did not fit in the bar or media spaces, so the homeowners opted for costly, custom cabinets. Experiment with different types of storage units in your home to utilize every possible space.
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.
After deciding on your basement paint you can start brainstorming basement decorating ideas. Looking at basement designs pictures will help you design your basement and make it feel homier. When finishing basement there are a few important things to consider such as basement insulation, waterproofing, and framing. Waterproofing a basement is extremely important to prevent your basement from flooding; nobody wants to come home to a wet basement. To ensure maximum protection against flooding it is important to do both interior basement waterproofing as well as exterior basement waterproofing. There are many different basement waterproofing products on the market so it is important to do some research to find the best one.
If you want to increase the amount of living space in your home, remodeling your basement makes a lot more sense than adding on a new addition. A finished basement has an ROI of around 70%, making it one of the better investments you can make in your home. A typical basement remodel costs around $90 a square foot, assuming moderate decor and finishes. With the average project size of 600 square feet, this puts the cost of the average basement remodel around $55,000.

Bedrooms – A common strategy is to set up a couple of extra bedrooms in the basement for guests. This is especially beneficial for families that love to entertain on a regular basis. You can easily have guests stay over without disrupting the family space above. Basement bedrooms can also come in handy if you have older kids that cannot share bedrooms any more. Plus, you could also add a small kitchenette and bathroom for convenience.


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.
When putting a wall over a recently constructed frame, sheetrock is the industry standard for a durable option, that can be painted easily. It can help insulate the room due to its density and generally lasts a long time when maintained. If you’re trying to significantly drive down costs, using paneling for the walls is an effective option. It’s very light, inexpensive and pre-finished in a variety of different sizes and types. Labor costs may also decrease because paneling is easier to transport and work with.
A finished basement is not always the same thing as a designed basement. Sometimes, the basement begins with the basics: walls, a ceiling, lights, and a floor. Gwen Hefner and husband Micah wanted to turn their tiny, airless basement space into a comfortable mancave. They had the basics to start with. The next step, Gwen says, would be a true test to her design skills.
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