Adding carpet to your extra bedroom is a great way to separate this space from your basement, and make the room feel like an escape. There’s nothing like getting up and putting your feet on a soft carpet. Another pro of carpet is that it’s cheaper than hardwood flooring, or other popular flooring options. The average cost to install carpeting is $1,628, with homeowners reporting prices between $862 and $1,831.
"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."
In most cases, your HVAC system should already extend to the basement. If not, however, plan on running additional ducts or vents to ensure the finished rooms are adequately heated. Running new ductwork through your basement will cost around $2,000. Radiant heat is another option for basements, as it can be controlled separately and used only when the basement is. Radiant heat costs around $6,000 - $14,000 depending on the method used.
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.