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.
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.
This online basement remodeling cost calculator is here to give you a basic estimate for finishing your basement. Finishing your basement includes many different variables, so it’s a good idea to get a good idea of the cost as early as possible. Circumstances, materials, and the like can change over time, but a good “ballpark” estimate will give you a basic idea of where you’re starting from. We provide you with this calculator so you can get a better understanding of roughly what finishing your basement will cost.

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.
The cost of a basement remodel can be significant, but your potential return on investment is just as considerable. In addition to adding to your living space, the average basement remodeling project also increases your home's resale value. The National Association of Realtors considers basement remodels to be among the most valuable home renovations.

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.
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.
If you decide to go with a pony wall, you may be able to handle the project yourself (saving money). However, if you’re going to expand your house and need to install weight-bearing walls, you’re better off leaving it to the pros. Additionally, you or your pro will need to investigate building codes and local requirements to ensure you comply with structural guidelines.
Finishing the ceiling of a basement can be a tricky proposition. In most basements, important pipes, wires, and ducts already crisscross this area, often lowering the total ceiling height. If you were to install a drywall 5 or standard ceiling, you would be encapsulating these items, making them difficult to find and access in the event of an issue. Therefore, most basement ceilings are finished with some type of drop or suspended ceiling, sometimes known as an acoustical ceiling 9 or a grid ceiling.
"We love that the basement now has a cozy feel yet is very on-trend and modern. It has doubled our square footage with very usable space and given us an additional bedroom and full bathroom. We used a beautiful door from the 1800s to line the wall behind the urinal in the bathroom, and we burned the cabinets in the dry bar and the bathroom countertop with a blowtorch to achieve a unique look. We lightly etched the concrete floors and then used a urethane, making a mirror-like finish that reflects light."

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.
Determine your budget and costs to finish a basement will help get bids before you make a final decision. For example, you may find a cheaper drywaller than you expected, and can use that extra money to add a bedroom. Or you may find that carpet was more expensive than planned, and you will have to make a dry bar with no sink instead of a wet bar. The budget is a guideline for what goes into your basement, and is really the major factor in determining what your space will be. The costs of labor and material will begin to shape your basement within your budget. One final note on your budget. Unless you plan to spend a long time in the home, you will want your budget to be lower than the value it will add to your home. You can determine the general value added by talking to realtors or appraisers and using comparable sales in your area. This is very important because you don't want to spend $25,000 on your basement and only add $15,000 to the value of your home.
Old homes may suffer from sagging foundation beams as a result of shifting ground or decay and deterioration of the original building materials. Foundation beams can be raised and shored up successfully, but the right tools, like a pneumatic jack, are essential. Depending on how much the foundation beam must be raised, this job may require several days of incremental steps to complete - which means increased labor costs. Hiring professionals is the best option for this job. Expect costs to run about $10,000 for repairs like a shifted foundation.
You can fit a full bathroom with tub/shower combination in a room that measures 40-square feet. However, on average, a smaller bath (with just a stand-up shower) or a half-bath usually needs to be about 30-square feet for comfort and functionality. Depending on the basement space and layout, you may be able to go with a larger 60-square feet or more bathroom space. Creating bathroom with a separate water closet may require 100-square feet or more.
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.
Be your own general contractor and save 20% right away. It does take a lot of time, but it was worth the savings for me. I recommend that you...1. Read this book to learn the basics of each task 2. Find reputable contractors by using angie's list (craigslist contractors are usually cheaper but I would avoid). Use promo code SAVE25 to save 25% at angie's list.
This before and after photoset is of a raised ranch basement. In the before picture you can see the outdated and unappealing wood paneling on the walls. The room also looks dark because the window is not allowing natural light to flow in. In the after picture you’ll see that our crew turned this dark and outdated basement into a bright, naturally-lit functional space.
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