In addition to floors and walls, upgrading your basement ceiling is another option to consider. Finishing your basement creates a new room in your home and a part of any room is the ceiling. While it’s cheaper to leave the ceiling the way it is, many basements have exposed wiring and duct work that service the home above. In certain cases, leaving all this exposed may be the better option, but for others, upgrading the ceiling could be the right choice. Understand that any addition to the room will up the overall price, so be sure to make the right choice for the space and your wallet.
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.

Stucco can be applied directly to cinderblocks, and the process is fairly easy. Since masonry walls are strong, a support system is not required. All that is needed is application of a concrete bonding agent. Traditional application requires a scratch coat, brown coat and finish coat. Advantages of stucco include the unique patterns and textures that can be created to add interest to the basement space. The material is durable and able to accept numerous colors.
Increasing numbers of homeowners decide to enhance the existing concrete in their basement instead of covering it up. Stained and painted concrete floors offer many benefits, including their suitability for people with allergies. Skilled contractors can reproduce the look of slate, tile and marble, or they can apply dyes, paints and stencils in a variety of designs.
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.
The cost to refinish a basement will range between $22,000 to $46,000 for a 1,200-square-foot home or around $38 per square foot for most homeowners. Basement refinishing can be easier for significant changes because no demolition is required and the framing is open, so all electrical and plumbing work can be done first without any need to drill into or cut open drywall.
Bedrooms – A common strategy is to set up a couple of extra bedrooms in the basement for guests. This is especially beneficial for families that love to entertain on a regular basis. You can easily have guests stay over without disrupting the family space above. Basement bedrooms can also come in handy if you have older kids that cannot share bedrooms any more. Plus, you could also add a small kitchenette and bathroom for convenience.
Maybe it’s just great extra space, a blank palette—there are so many awesome ways you can use the basement. A movie room, game room, family room or kitchenette can provide a special place for the family to bond and have fun. Man caves and/or woman caves have become trendy and there are plenty of modern basement cave ideas available to inspire your own private space.
Simply finishing the floors, walls, and ceilings of the basement can help increase the value of your home. But putting extra thought into what you want to use the space for now, will save you on fees later. For example, if you intend to use this as a children’s playroom, then building shelves into the walls, adding egress windows, and putting down carpeting can all be done at the time of the remodel, rather than added later.
All basements must have at least two exits, one being the stairs. Any work done without permits could delay the project or cause it to come to a halt. Some basement refinishing work has had to be completely demolished and redone according to code because of the lack of permits. Different building departments and cities will have different ways to calculate your permit fees, and below are two different examples of permit fees calculations using a formula based on the total construction cost:
According to real estate agents and appraisers, a bedroom must have a door, window and closet. Adding a closet to your basement bedroom is crucial to adding value to your basement addition. There are a few components that will affect the cost, the size of the closet being the biggest. The average cost to install a closet is $1,779, with most homeowners spending between $1,272 and $1,917. More than likely, your closet cost will be lower seeing that the size of the closet won’t be nearly as large as your master bedroom or other main bedrooms.
When it comes to decorating ideas, the industrial look is in, which lends itself well to dressing up the subterranean infrastructure of a an unfinished basement. So, consider those exposed beams, pipes and wires an asset and play them up. If you need a few more sockets to make the space functional, don’t be afraid to run electrical conduit right on top of a brick wall or over wood joists. Then, focus on warming the space up and injecting personality into it by adding items like rugs, fabrics and curtains. These will also help to divide the space in the absence of actual walls. Employ a few of these creative ideas—all of them low cost and low effort—to transform your unfinished basement into a comfortable retreat everyone will be drawn to.
The basement depicted here had unused space underneath the stairs. Why not transform this area into a storage or display area instead? These homeowners found some usable square footage in their home by remodeling their basement into a space-conscious hangout, an inventive and creative strategy that shows you don’t have to substitute style for function. 

Most cities and towns will require a permit for basement remodels. In addition, there are several codes that dictate what can be done in this area. For example, a basement must have a ceiling height of a minimum of 7-feet. If your basement has a ceiling height lower than this, it may not pass code if remodeled. In addition, plan the cost of the building permits, around $430 on average, into your budget.
Pipes will have to be brought down, and a sewage pump and backwater valve might have to be installed to ensure proper drainage of effluent and bath/shower water if gravity doesn’t work in your favor. Take care to ensure moisture prevention with a dehumidifier and vented fan system. Many building codes have minimum dimensions regarding how close each fixture can be to the next.
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