When it comes to basement renovation, the national average price for a finished basement ranges between $5,000-$70,000. That said, unless you're adding in an elaborate home theater or building in separate rooms with high-end finishes, most Thumbtack customers report paying, on average, between $5,100-$7,150 for their remodeled basement. A finished basement provides you additional living space, increases your home’s value, and offers great return on investment when it comes to home improvement projects.
If the hundreds of photos and stories submitted to this year's annual Search for America's Best Remodel Contest prove one thing, it's that you love flipping the idea of what a basement can be. With a little work, these once dark, desolate spaces can become bonus rooms for entertaining family and friends or getting some work done. Here, the editors of This Old House pick the best basement remodels.
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A remodeled basement gives you additional living space without changing the footprint 1 of your home. Basements can be remodeled to become in home theaters, children’s playrooms, entertainment areas, and family game rooms. Because the steps to finish the basement are similar for most of these purposes, you can gain a lot of additional space and use from your home simply by finishing this area.
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.

Pure design genius animated this basement remodel from lifestyle blogger Landeelu. For one, she decided to paint her doors a dark color, giving them a custom look that stands out from the cooler gray walls. Next, she added pops of interest with unique items, like the aged gold ceiling light fixture from Joss & Main. The fireplace not only adds warmth to the room for guests, but provides a welcome focal point. The result is an adorable space that can now rightfully be called an integrated part of the home.
For homeowners who are seeking fully remodel a basement, then they will be aiming to spend anywhere from $30,000 to $65,000. The varied range depends on the extent of the renovations that are made to the space. The addition of bedrooms, bathrooms, exterior insulation, electrical wiring, plumbing, flooring, furniture, light fixtures and the help of a contractor will all cause an increase in the price. Of course, the cost to remodel a basement will also depend on the square footage of the space.
Any project involving electrical, plumbing, or turning the basement into a livable space, requires permits. Plumbing must be done to code for proper drainage to avoid health issues. It also has to ensure flushing certain waste back into the sewer. Electrical issues can cause short-circuits, blown breakers, and fires. The chance of something happening increases if installation is not done properly from the start, including acquiring the proper permits. If creating a bedroom or other regular living space, permits are required. Emergency escape avenues (for fire and other emergencies) need to be in place as well.
But the brilliant trick she employed to disguise the too-low ceiling was to paint the walls and ceiling the same color (Farrow & Ball, Elephant's Breath). Painting the ceiling white and the walls a different color would have created a horizontal line. The eye would use this line to establish the height of the ceiling. Instead, walls and ceiling blur together, making the ceiling look higher than it really is.
Local planning departments usually have specific regulations on ceiling height, access doors, radon ventilation, waterproofing and other details of the basement remodeling process. Many building codes now require upgrades such as residential fire sprinklers for new construction or major remodeling projects. Ask about local requirements and get all required permits (or make sure the contractor does this). Depending on the location, permit costs can be next to nothing or extremely expensive; find out exactly what they are and include them in the project's budget.
Support beams are common and necessary in most basements. Connecticut Basement Systems provides a bright, attractive, detailed column wrap to transform these unattractive poles into a sophisticated design choice-- SmartPost Column Wrap. Crown molding along the top and bottom makes these especially beautiful. They are made of durable, long-lasting materials, and have the ability to transform your basement into an attractive living space!
Plumbing - Check locally for required permits and any zoning law regulations about adding in plumbing, or whenever working with septic and sewer lines. Planning your basement bathroom directly below or close to the pipes of an existing bathroom may help reduce the overall labor and costs. Remember that all drainage lines require a downhill slope to sluice away waste water. If this isn't possible, a sewage injection pump must be installed. An approximate cost of these pumps ranges from $150-$3,000.
There are several types of basement remodeling depending on the outcomes you want. Whether you have nothing but damp concrete walls and floors or you have a finished basement with painted walls, a pool table and a wet bar will determine the scope of work for your basement remodel and the cost. Here are some common basement remodeling projects that homeowners take on and their related costs.
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.
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