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.
Finishing a basement ceiling can be a challenge as more than likely, you will need to work around duct, plumbing and electrical work, all while trying to maintain a comfortable room height. A qualified contractor may be able to reroute some of this hardware, but you will more likely lose some headroom to accommodate these fixtures in your finished basement.
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.

Partitioning your basement into separate rooms transforms it from a storage and utility area to an inviting, warm living space. Framing the basement walls and ceilings makes a tremendous difference in the basement’s appeal. Installing interior walls in a large basement helps to hide expanses of empty space, instantly providing a feeling of coziness. Rooms that can be used for a media room, home office or bedroom will result in extra square footage, increasing the value of the home.
Because basements are usually below ground level, water seepage and moisture issues have to be resolved before construction can start. Prior to creating a project bid, most contractors will inspect the area to check the interior floor and walls for dampness and make sure the exterior of the foundation is in good shape. Depending on how watertight the basement and foundation are, it may be necessary to protect the basement from future water damage after it’s finished, often through the installation of sump pumps. This work can cost anywhere from $700-$3,000, depending on what needs to be done. Learn more about basement waterproofing. To help prevent moisture problems, homeowners can clear downspouts and gutters of debris to ensure that they help keep moisture away from the foundation.
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.
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.

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.
Basement waterproofing costs about $1,480 for simple crack filling with an average of $2,000 to $6,000 for drainage improvements. Costs range from a minimum of $250 up to $20,000. Most homeowners waterproof after they discover water in the basement from poor drainage around the foundation and walls. Waterproofing will be a lower cost if it's included in a larger basement finishing project.
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.
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.
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.
Homeowners wishing to enclose basement appliances should take note of air-supply requirements for both the furnace and water heater, which are powered by electricity or natural gas, oil or propane. Fuel-burning appliances use room air for combustion and require an unrestricted air supply. Any enclosure requires installation of a louvered door between living areas and the furnace room to ensure an adequate air supply and ventilation in your basement. Without sufficient air, a house may fill with dangerous gases, including carbon monoxide or radon.
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.
This before and after photoset is of a raised ranch basement. In the before picture you can see the outdated and unappealing wood paneling on the walls. The room also looks dark because the window is not allowing natural light to flow in. In the after picture you’ll see that our crew turned this dark and outdated basement into a bright, naturally-lit functional space.

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.
If a homeowner is seeking to make basic changes in order to renovate a basement, then it can cost as little as $1,000 - $6,000. This means the walls and floor will be waterproofed, then carpet, wall panels, upgraded flooring or improved lighting might be added to make a basement feel like a living space. The cost will depend on the initial shape of a basement, how many upgrades are made and whether or not a contractor is hired to make certain installations.
Finishing a basement ceiling can be a challenge as more than likely, you will need to work around duct, plumbing and electrical work, all while trying to maintain a comfortable room height. A qualified contractor may be able to reroute some of this hardware, but you will more likely lose some headroom to accommodate these fixtures in your finished basement.
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.
Take care of some initial insulation in the basement by adding slip foam insulation on your cold-water pipes to prevent condensation from building up and then dripping inside your drywall or ceiling. Put slip foam on the hot-water pipes to prevent the loss of any heat. This should be done before boxing in any of the pipes in the basement. Tube pipe foam insulation costs approx. $1.50 – $3.70 per six-foot piece, which can range from ½” – 1” in thickness.
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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