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.
Add to this any custom work that you may want to have done to turn the basement into the type of room you have in mind, and the labor could continue to mount. Most people also find that they need a painter ($20-$35 per hour), and in older homes, asbestos 10 testing and removal ($1,500) is also recommended before the work can begin. For these reasons, many homeowners often choose to use a basement finishing system, which often has one set price for materials and labor (around $50,000 per basement) and decorate later as they choose.

Nationwide, basement remodeling costs average $52,931-$74,974 for a project which includes a 20x30-foot entertaining area with wet bar, a 5-x-8-foot full bath, 24 feet of partition to enclose a mechanical area, painted walls, ceilings and trim throughout, exterior insulation, doors and electrical wiring, according to the annual cost vs. value report by Hanley Wood[2] .

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.
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.
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.
Drywall must be applied to any framed basement walls you have and must be applied to any additional walls used to create your basement bedroom. A standard 8’ by 4’ panel will cost between $10 and $20, depending on the thickness. The cost to install these panels varies, but most homeowners report spending around $1.50/sf. The total cost of your project will range between $1,152 and $1,982, with an average cost of $1,915 to install a wall.
When putting a wall over a recently constructed frame, sheetrock is the industry standard for a durable option, that can be painted easily. It can help insulate the room due to its density and generally lasts a long time when maintained. If you’re trying to significantly drive down costs, using paneling for the walls is an effective option. It’s very light, inexpensive and pre-finished in a variety of different sizes and types. Labor costs may also decrease because paneling is easier to transport and work with.
Planning is the first stage with any basement bathroom installation. For a basement that's designed as a recreation room, work space, or kids' play area, a half-bath (stool and sink, but no shower or tub) is adequate. A basement with bedroom or en suite needs a full bathroom. Knowing how you plan to use the basement living space typically dictates the functional purpose of its bathroom.
Installing all of the necessary plumbing and electrical work while walls and floors are unfinished will result in savings.Starting from scratch doesn't require demolition, which can save you around $2,000. Framing may be necessary to define rooms and spaces. System upgrades usually call for minor expansions to the HVAC and electrical systems, but not adding plumbing. The bulk of the cost, however, is in flooring and finishing. After wrapping things up with carpeting, drywall, and ceiling material, you can expect to pay anywhere from $6,500 to $15,500.
×