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.
Estimate the overall cost to install drywall in the basement at approximately $1.50 per square foot. The basic drywall panel measures 8-feet tall and 4-feet wide and is available in thicknesses that range from 1/4" to 5/8". This standard panel usually costs between $10 and $20. Price will vary depending on the brand, panel's thickness, and if it has any special features like mold resistance which may be beneficial for a basement space. Other material costs when adding drywall include the hardware to secure it to the framing, joint tape, and drywall mud.
Basements can be daunting spaces for remodeling. Cluttered, dark, and chilly, basements often convince homeowners to turn their attention to other projects in the home. But basements don't have to stay that way. They can be remodeled and finished so that they not only integrate with the rest of the home, but become a beautiful and valuable asset to the property.

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.
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.
"It's always easy to save money if you are willing to put in some sweat equity. Tackling the mold and termite damage was so disheartening and disgusting, but we survived, and the room is now safe, livable, and functional for our family. It's a great family recreation room. We keep our toys and games down here, and there is plenty of storage, so everything has a place. Despite not having a ton of natural light, this place still feels cozy and inviting to us."

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.
It can be a daunting task to look at a barren basement and then try and create something special. This basement remodel went from a cement room with two-by-four walls, to a full-fledged man cave with a billiards table, bar and dining area. The hardwood floors tie the room together, giving it a rustic atmosphere that’s perfect for entertaining. A perfect example of how to find success after starting from scratch! 
When it comes to basement renovation, the national average price for a finished basement ranges between $5,000-$70,000. That said, unless you're adding in an elaborate home theater or building in separate rooms with high-end finishes, most Thumbtack customers report paying, on average, between $5,100-$7,150 for their remodeled basement. A finished basement provides you additional living space, increases your home’s value, and offers great return on investment when it comes to home improvement projects.
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.
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.

Determine your budget and costs to finish a basement will help get bids before you make a final decision. For example, you may find a cheaper drywaller than you expected, and can use that extra money to add a bedroom. Or you may find that carpet was more expensive than planned, and you will have to make a dry bar with no sink instead of a wet bar. The budget is a guideline for what goes into your basement, and is really the major factor in determining what your space will be. The costs of labor and material will begin to shape your basement within your budget. One final note on your budget. Unless you plan to spend a long time in the home, you will want your budget to be lower than the value it will add to your home. You can determine the general value added by talking to realtors or appraisers and using comparable sales in your area. This is very important because you don't want to spend $25,000 on your basement and only add $15,000 to the value of your home.
Finishing a basement can cost between $25–$50 per square foot on average, depending on how the basement is finished, whether any challenges come up or whether there are special circumstances with the project. For this reason, a 1,000-square-foot basement can cost up to $50,000 or more to finish. Virgil Miranda of Virgil Miranda’s Construction, a general contracting company based in New Bedford, Massachusetts, says it can be tricky to estimate remodeling jobs based on square footage alone, due to the variance in each job. Larger basements may have a lower cost per square foot than tiny remodel jobs.
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.
But one of the best ways to cover a basement floor is with moisture and scratch-resistant floating vinyl planks that are made to look like real wood. Without a closer examination, in fact, most of these products are so realistic that they appear to be real hardwood flooring. You can expect to pay around $5 per square foot, and installation is a DIY project for most people. The flooring will last a long time and is easy to maintain while also being comfortable underfoot and exceptionally handsome. Save a ton on engineered flooring by buying online at someplace like BuildDirect. They'll even send you free samples.

If you don’t know where to begin, basement waterproofing contractors or local home improvement stores will also be able to tell you what products are best for basement waterproofing. The basement waterproofing cost can be a little bit high but it is a worthwhile investment that will help your avoid a leaking basement. Insulating basement walls is another important step in your basement remodel. Basement insulation is essential to keep your basement and home warm during the winter without running up the heating bills. Framing a basement is what changes it from unfinished to finished. Framing basement walls can be a little tricky for those that have never done it before, but even the DIY homeowner can easily accomplish this task.


The cost of a basement remodel can vary, but in most cases, this project won’t be cheap. What you put into your basement remodel is what you will get out of it, so that initial payment can turn into a terrific return on investment. The average basement remodel will increase your home’s resale value. Next to kitchen and bathrooms, basements are ranked as one of the most valuable home renovations.
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.
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.

About this calculator: This tool will give you a ballpark estimate of the cost to finish your basement. There are a LOT of variables associated with determining an exact value. This calculator does as good a job as can be expected given a single input variable: square footage. Obviously your cost will be determined on your exact choice of design, number of rooms, type of rooms, number of bathrooms, quality level of materials, who does the work, who manages the work, etc, etc.
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By clicking View ProsView Matching Pros, you affirm you have read and agree to the HomeAdvisor Terms, and you agree and authorize HomeAdvisor and its affiliates, and their networks of Service Professionals, to deliver marketing calls or texts using automated technology to the number you provided above regarding your project and other home services offers. Consent is not a condition of purchase.
There is no shortage of modern basement ideas to borrow from. Unused basements tend to get filled with every old and unwanted item in the house from worn out furniture to childhood memorabilia. Unfortunately, this is letting precious square footage go to waste. The basement is a perfect space that could be transformed into a warm and welcoming area for your family and friends to enjoy.
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.
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.
According to real estate agents and appraisers, a bedroom must have a door, window and closet. Adding a closet to your basement bedroom is crucial to adding value to your basement addition. There are a few components that will affect the cost, the size of the closet being the biggest. The average cost to install a closet is $1,779, with most homeowners spending between $1,272 and $1,917. More than likely, your closet cost will be lower seeing that the size of the closet won’t be nearly as large as your master bedroom or other main bedrooms.

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.

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