The cost of a small basement remodel—changing flooring and moving one wall—can cost a few thousand, whereas a major remodel of adding another bathroom and bedroom or an entire downstairs apartment can cost tens of thousands. You might have to move walls and plumbing, pull up flooring, tear down ceilings; and upgrade the sump pump, HVAC, and electrical amperage.
Putting down a floor in your basement offers a host of different options that will depend on your wants and needs more than anything else. Carpeting in the basement can easily be installed by any professional. Any type of carpeting can be installed in the basement and is often the most economical option. Another popular solution to flooring in the basement is the use of tile. Although tile is a more expensive option considering both material and labor costs, tile can be very visually appealing in your newly remodeled basement.
Cork is an eco-friendly flooring material that can be installed over an existing floor or concrete. Cork is derived from the bark of the cork tree, meaning trees are not cut down during harvesting. Cork flooring is durable and has good insulating qualities, but if you choose cork flooring for your basement, make sure you choose a type that is recommended for a basement environment as not all cork flooring is appropriate for basements.
Your basement will likely need to be fitted with additional wires to support more lights and electronics. You will need to hire a licensed electrician if you plan to install additional overhead light fixtures, outlets and other components that require additional wiring. The cost of electrical installations depends on the exact project, but licensed electricians tend to charge between $50 and $100 per hour.
Homeowners in search of a warm, professional look for their basements often turn to drywall. Drywall ceilings help the basement look as good as upstairs living areas. Drywall can be treated with a variety of textures that are applied by roller or spray applicator. One difficulty associated with drywall ceilings is the necessity of framing in duct work.

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 average basement ceiling installation cost is $3.50 to $4.30 per square foot when installing ceiling joists and adding R-11 insulation batts plus ceiling drywall. While the price of the drywall is the same, installing ceiling drywall is more complicated and usually requires additional equipment for the best working access. For example, ½” drywall on walls costs $1.13/SF, while ½” drywall on ceilings runs $1.35/SF.
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.
Since this basement is not entirely underground - it includes a walk-out entrance on one side -- new egress windows bring natural light into the basement. A simple Roman shade in fun fabric softens the space and brings all the colors of the room together. Egress windows provide an emergency exit; most building codes require one in every bedroom and in habitable basements. Adding one will likely increase the value of a home, as it provides safety, natural light, and increased airflow.

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.
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.
Also don’t forget: home gyms, wine cellars, theaters and craft rooms. The ideas are endless. Your goal should be to get as much value from the space as possible. If your basement is small, use it to fill a void such as an extra bedroom or additional organized storage space. If it is big, find several fun ways you can utilize the space and add value.

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.
Do it yourself (DIY) basement finishing costs mostly depend on the cost of materials used. Materials for a 1,200 sqft basement with a small kitchen and bathroom will cost about $19,000 for an open-plan and about $27,000 for one with rooms. DIY basement finishing can save at least 30% of your finishing cost, but you’ll still have to pay for plumbing and electrical work.
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.
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.
The average cost to install an HVAC system in the basement is $4,000 to $6,400 with new ductwork costing an additional $1,500 to $3,000. You might not have to install a separate HVAC system for the basement if the existing unit upstairs can handle the extra workload. If it can’t, then either upgrade your existing unit or install a second unit downstairs. You’ll have to install new ductwork and ventilation either way, unless you install a mini-split system.

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.
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