Sourcing supplies, clearing debris, and doing prep work can all help you save on basement costs. Consider what skills you have and talk with your contractor about what will shave money in each area. You may have the tools and strength to demo walls, which can save you several hundred dollars. Sourcing the materials for the pro takes this task off their labor time and saves you money. Doing prep work and finish work is also a way to cut down on total cost. Painting the walls yourself at the end of the project could save you hundreds of dollars. Negotiate all these aspects before signing your contract.
With a level, smooth surface you also have tons of other flooring options, based on your decorative scheme and your budget. A relatively inexpensive and easy option is carpet, with a carpet pad beneath it for added comfort and to keep your feet warmer in winter. Peel and stick vinyl tiles are another option, and they come in various styles, colors, and price ranges for any budget.
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.
Before walls and flooring can be added, the basement must first be professionally framed. Framing an unfinished basement can be very expensive; not only will it require a large amount of labor, but material costs are high as well. If you consider all the lumber your contractor will need to lay, plus crossbeams and studs, you will find that lumber is going to be one of the costlier aspects of the project.
Cold water running through the basement in plumbing pipes can also create condensation, and as the drops of water collect on the outside of those pipes they make the basement wet. To fix that simply wrap the pipes with inexpensive foam insulation found at your home improvement store. You can apply it without any tools except a knife or pair of scissors to cut it into the lengths desired, and then tape the seams with insulation tape. Insulate the hot water pipes, too, to prevent loss of heat as the water travels through your basement to the upper floors of your house. That will also help to reduce your energy bills.
Your foundation should be inspected prior to finishing your basement. You don’t want to cover up any structural damage that would be identified in an inspection by installing framing and drywall. If items such as pipes have rust, the problem may be humidity instead of a leak, but it can be just as damaging. Waterproofing the basement and using a dehumidifier helps reduce dampness and the risk of mold development.

You can even purchase basement design software to help you design your basement. Basement design software allows you to virtually build and design your basement yourself and is a great way to plan out your basement remodeling ideas. You can also hire a basement contractor to help you with your basement remodeling. A basement contractor will not only help you with your design but will also be able to give you an idea of the basement finishing costs. After finishing basement walls you can start looking at paint options. You can the same color paint as the rest of your home to ensure that basement paint matches the rest of your house.
Simply finishing the floors, walls, and ceilings of the basement can help increase the value of your home. But putting extra thought into what you want to use the space for now, will save you on fees later. For example, if you intend to use this as a children’s playroom, then building shelves into the walls, adding egress windows, and putting down carpeting can all be done at the time of the remodel, rather than added later.
Your foundation should be inspected prior to finishing your basement. You don’t want to cover up any structural damage that would be identified in an inspection by installing framing and drywall. If items such as pipes have rust, the problem may be humidity instead of a leak, but it can be just as damaging. Waterproofing the basement and using a dehumidifier helps reduce dampness and the risk of mold development.
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.

It was the start of a year-and-a-half basement finishing project, but it was well worth all of the effort. Jamin and Ashley of the home design blog The Handmade Home began by installing drywall over the cinderblock walls, applying spray foam insulation, and enclosing the necessary but ugly supporting adjustable steel posts. Next came paint, flooring, and furniture, all fusing together to make a lovely daylight basement for work and play.

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.


Consider what you can do yourself. Finishing your basement is a full process and is not easy. But if you’re looking to save money and are quite handy, consider waterproofing the basement yourself. Basement waterproofing with SANI-TRED® uses a proven application process that is perfect for the do-it-yourself community. You can (and should) hire contractors for specialized tasks like plumbing or electrical, but many can do the waterproofing yourself for less.
"We love that the basement now has a cozy feel yet is very on-trend and modern. It has doubled our square footage with very usable space and given us an additional bedroom and full bathroom. We used a beautiful door from the 1800s to line the wall behind the urinal in the bathroom, and we burned the cabinets in the dry bar and the bathroom countertop with a blowtorch to achieve a unique look. We lightly etched the concrete floors and then used a urethane, making a mirror-like finish that reflects light."
While basements get a bad rap at times, if built finished out or remodeled later on, they actually offer a wealth of extra living space for many purposes and activities. For instance, a media room, living room, wine cellar, wet bar, gym, office, playroom, man's cave, laundry and guest room are all popular choices for basement spaces. If you are lucky enough to live in an area where basements are a commonly built element of most homes, you may just be sitting on a myriad of abundant new living possibilities! We've included some of our favorite basement remodeling ideas and images below. Which do you like best?
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.
House plans with basements are desirable when you need extra storage or when your dream home includes a "man cave" or getaway space, and they are often designed with sloping sites in mind. One design option is a plan with a so-called day-lit basement -- that is a lower level that's dug into the hill but with one side open to light and view. This lower level can open to a covered outdoor space below an upstairs deck or porch. As a result, these types of designs are sometimes called house plans with walkout basements or walkout basement house plans. To see more basement plans try our advanced floor plan search.
Your basement will likely need to be fitted with additional wires to support more lights and electronics. You will need to hire a licensed electrician if you plan to install additional overhead light fixtures, outlets and other components that require additional wiring. The cost of electrical installations depends on the exact project, but licensed electricians tend to charge between $50 and $100 per hour.
Pure design genius animated this basement remodel from lifestyle blogger Landeelu. For one, she decided to paint her doors a dark color, giving them a custom look that stands out from the cooler gray walls. Next, she added pops of interest with unique items, like the aged gold ceiling light fixture from Joss & Main. The fireplace not only adds warmth to the room for guests, but provides a welcome focal point. The result is an adorable space that can now rightfully be called an integrated part of the home.
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