How fast the job needs to be completed has a significant impact on the final price. A professional team can take a basement from framing to complete in about 45 days. A DIYer typically needs more time. If things need to be inspected, inspectors work on their own schedule, and if concrete needs to be poured, time must be allotted for it to properly set.
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.
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.
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.
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.
Get estimates from several companies; request and check references. Understand exactly what is (and isn't) included in each estimate, and whether the contractor will do the paperwork for required building permits. Ask about the contractor's length and type of experience, especially if there's anything unusual about your project. Be sure a company is properly bonded and insured and licensed in your state . See if there are any complaints with the Better Business Bureau .
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.
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.
"I have found many of my ideas reading your magazine. I cut out pages and put them in a folder. When I first moved in, I didn't even have a TV, so I would just sit, read, and picture the house and basement finished. It now looks just as I pictured it. I saved by using recycled material: The rusty tin was from an old building that was being demolished; barn boards were from an old barn near my parents' farm. The barn door came off another old barn of a friend who said it was from an old boxcar they cut up in the 1940s. My grandfather built the house in 1927 and hand-dug the basement with my grandmother. Now my kids will have great memories of the house—and my grandparents, I know, would be happy."