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.
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.
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 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. 

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.
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.

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.
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.
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.

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.
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.
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.
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.

Complete remodel of our walk-out basement. Gutted and replaced literally everything, from the framing to new custom windows and solid doors. Reconfigured plumbing and remodeled the 3-piece bathroom with high-end finishes; completed the laundry room, guest bed room with walk-in-closet, and family room with solid wood custom cabinetry/wet bar, island, built-ins, and gas fireplace with granite surround. Also demolished and rebuilt exterior concrete steps to basement entrance. All finishes are high-end and remodel included many upgrades (in-cabinet/under cabinet lighting, stainless-steel beverage center, central speaker system, etc.) Love the end-result but process was extremely long.
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.
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.
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