Installing all of the necessary plumbing and electrical work while walls and floors are unfinished will result in savings.Starting from scratch doesn't require demolition, which can save you around $2,000. Framing may be necessary to define rooms and spaces. System upgrades usually call for minor expansions to the HVAC and electrical systems, but not adding plumbing. The bulk of the cost, however, is in flooring and finishing. After wrapping things up with carpeting, drywall, and ceiling material, you can expect to pay anywhere from $6,500 to $15,500.
A finished basement has the potential to add value to a home, especially when it comes time for resale. The average basement remodel project can have up to a 70% return on investment. Home buyers typically prefer a house with a finished basement and may even increase their offer if that living space recently has been updated or remodeled. The finished basement also adds value by creating more living space in the home without having to spend thousands on an addition.
You've finally decided to do something with that empty basement space. That's half the battle right there. So what do you consider first? The number one thing to start planning your basement is what will it be used for? Do you just want a large finished space to add square footage, do you need more bedrooms, or do you want that great "play" space with a bar and pool table? Addressing what function you want the basement to provide is the foundation for how you will proceed. Some of the considerations which may affect what you do with your space are: Budget - Do this first, figure out the most you can afford to spend, then create a design that includes everything you want. After you get bids, and material costs, you can add or subtract things to meet your budget.
A basement can serve many purposes in the home. Finished basements can add extra rooms to your home, whether it’s a TV room for your family to enjoy movies or an extra bedroom. Both unfinished and finished basements can work as extra storage spaces for your home or even serve as a home gym. Regardless of your basement finishing, there are a number of basement design ideas that can help you with your remodeling. A little research is the first step in basement remodeling. It is also a great way to find finished basement ideas.
If the water is coming from an external source such as poor landscape drainage or basement walls that are not properly constructed, that can require extensive preliminary work. In that case you’ll likely need a contractor and a professional evaluation of the problem, plus someone qualified and trained to eliminate the problem. You should address this problem as soon as possible to prevent further damage like rotting wood or flooding, and then return to your basement refinishing project once that issue is cured.
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.
So if you’re thinking about remodeling your basement we put this post together to give you attainable inspiration. This basement remodel before and after article is a collection of 10 basement remodeling projects that are sure to impress. If you’re looking for fresh ideas for your upcoming project, check out the pictures below to see the possibilities.