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.
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.

Carpet use to be the gold standard for basement flooring. Its soft and homey texture blended perfectly in basement remodels across the country. Furthermore, according to our flooring cost estimator, carpet is cheaper than both tile and hardwood flooring. However, carpet has lost recognition over the years and when it comes to flooding, no flooring option is more expensive to fix than carpet.
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.

Get 'labor only' bids and buy the materials yourself. This allows you to use a 10% off coupon at Home Depot or Lowe's (available on eBay). You can also use a 5% cash back credit card like Discover when buying materials. (BONUS: Our readers get $50 free when they get a Discover card - sign up here.) And be sure to join ebates first to save an additional 1%. These are all small percentages but when taken off potentially very expensive items they really add up.
×