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.
The average cost of basement remodeling varies based on the square footage of the basement space, if structural changes are needed, and if you are adding in elements such as electrical work for a kitchenette or plumbing for a half bath. Other factors in cost include whether you have design plans already and what work you want done on the finishes such as trim and flooring. Here’s a breakdown of the various cost factors.
An unfinished basement serves as a valuable blank canvas. The finishing process begins with basics such as hanging and painting drywall and installing plywood floors at a relatively low cost. Basement finishing means taking a space that currently is not livable and transforming it into a space you can use and enjoy. In an unfinished space, there may be nothing but a concrete floor, exposed pipes and electrical, and no walls or only the barest of wall framework in place. On average, the cost to refinish will fall anywhere between $6,500 to $18,500, or more for larger spaces.

Hardwood, laminate and tile flooring significantly increase the cost to finish a basement. Sebring, who calls carpet “the king of basement flooring,” says many people are scared about the consequences if a carpeted basement floods. But even top-of-the-line vinyl and tile has to be pulled up if there’s serious water damage, he says, and you can replace carpet multiple times for the same cost of installing hard flooring once.

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.
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.

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.
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.
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.


Finished basement on high end house. I designed all of it and spent some time managing the process. Already had lots of windows (walk-out). Used high end materials and design features ( plank laminate flooring with some granite/marble, rope lighting, recessed panels,heavy finish trim molding, recessed lighting, rope lighting, central audio/speakers, full kitchen, full bath,fireplace, zoned HVAC, etc). Took almost 9 months to complete fully. Great finished product.
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.
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.
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.
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.
Hardwood, laminate and tile flooring significantly increase the cost to finish a basement. Sebring, who calls carpet “the king of basement flooring,” says many people are scared about the consequences if a carpeted basement floods. But even top-of-the-line vinyl and tile has to be pulled up if there’s serious water damage, he says, and you can replace carpet multiple times for the same cost of installing hard flooring once.
Search the pro’s contractor’s license to verify they are in good standing with the state board. As an example, in California, search the California State Contractors Board to learn if the license is up to date, if they have any legal action against them and if the contractor is in good standing. Some states only require contractors licenses for residential projects based on price, so research your region to be safe. For more information on smart hiring, check out our safety tips.
All big appliances or home equipment are better to store in the basement. They can be a huge eyesore if you place them in places where they can be seen regularly. The basement is perfect for the heating and cooling system because most pipes and ducts pass through the basement at one point or the other. Water heaters are usually found in basements and you should definitely pencil it in when you are making a basement plan. Most basements are extra space that a homeowner might have in their house. So the basement usually serves a purpose of fun. A lot of basement plans include an area to have fun or to relax. You could follow suit.
After deciding on your basement paint you can start brainstorming basement decorating ideas. Looking at basement designs pictures will help you design your basement and make it feel homier. When finishing basement there are a few important things to consider such as basement insulation, waterproofing, and framing. Waterproofing a basement is extremely important to prevent your basement from flooding; nobody wants to come home to a wet basement. To ensure maximum protection against flooding it is important to do both interior basement waterproofing as well as exterior basement waterproofing. There are many different basement waterproofing products on the market so it is important to do some research to find the best one.
The average cost of basement remodeling varies based on the square footage of the basement space, if structural changes are needed, and if you are adding in elements such as electrical work for a kitchenette or plumbing for a half bath. Other factors in cost include whether you have design plans already and what work you want done on the finishes such as trim and flooring. Here’s a breakdown of the various cost factors.
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