The average cost of finishing a basement is $20,000, but the overall cost can range anywhere from a few thousand dollars to $80,000, depending on the size and style of the room. While clearing cobwebs and laying concrete may appear to be straightforward DIY undertakings, generating usable, appreciable square footage necessitates the assistance of licensed professionals. The rate of return on your basement investment is affected by waterproofing, egress windows, and even ceiling height.
NOTE: As a result of the COVID-19 epidemic, there was an exceptional labor shortage in the first half of 2021. As a result, the need for materials and construction employment has risen dramatically. As a result, material prices may be higher than those indicated in this article, and labor and material lead times may be longer than typical.
The average price of completing a basement is roughly $18,000 per square foot.
Basement Build Prices Breakdown
The cost of your house renovation project is determined by the quality of the plot and existing structure, as it is with most other home improvement projects. Look at this list of basements finishing costs before you start planning your budget.
Permissions Finishing a basement necessitates electricity and potentially plumbing work, and adding a bathroom or bar normally necessitates permits. Your basement will almost certainly have to pass a safety check as well. For the essential permits and inspections, set aside about $1,600.
Unless you want to do it yourself, labor will account for roughly 40% or more of your basement remodeling costs. You’ll almost certainly need to employ a general contractor to handle the project. Always compare prices and services to obtain the greatest deal.
Other contractors you’ll most likely need to finish your basement include:
- Framing and drywall installers
- Insulation installers
- Flooring installers
- Window specialists
- Foundation repair specialists
|Type of Work||Cost|
|Waterproofing||$1,900 – $6,500|
|Sump pump||$600 – $1,600|
|Egress window||$1,000 – $7,000|
|Framing||$700 – $1,400|
|Stairs and railings||$2,000 – $7,000|
|Electrical, lighting fixtures and outlets||$3,000 – $12,000|
|Plumbing and fixtures||$2,500 – $15,000|
|Insulation||$1,500 – $4,000|
|Drywall||$1,000 – $3,000|
|Paint||$1,250 – $3,500|
|Flooring||$2,000 – $12,000|
|Furniture||$1,000 – $30,000|
Cost of Basement Waterproofing
Waterproofing your basement is one of the most expensive parts of this job, costing roughly $4,500. After a flood or storm, pumping water out of your basement might cost up to $10,000. Waterproofing the space will also help to protect it from mold and mildew cleanup, which can be dangerous and expensive.
How much does it cost to put a ceiling in a basement?
Ceilings made of drywall start at around $1,600, or $2 per square foot. Acoustic ceiling tiles, which cost around $4 per square foot, are a good investment for basement bands or music aficionados. The typical cost of a drop ceiling is $3.50 to $4.30 per square foot. This makes it simple to get to the HVAC and electrical systems.
Costs of Basement Drywall
The cost of hanging drywall in your basement is around $2,000, and it changes it from a chilly, concrete block to a cozy living environment. The cost of installation is usually included in the about $15 per-panel price. Waterproofing and insulation should be installed beneath the walls for a comfortable, dry basement.
Costs of Basement Flooring Installation
Installing floors when finishing a basement cost roughly $3,000 on average, but it varies depending on the material, style, and quantity of your job. To keep humidity and moisture out of the basement, the flooring must be moisture-resistant or waterproof. Find out which types of flooring are ideal for basements, and which are best for your budget by reading more about them.
Epoxy has grown in popularity as a water-resistant flooring option for basements and garages. It costs $3 to $7 per square foot to pour and cure, and it takes one to three days. The finished result might be a brilliant unique hue or marble-like.
How much does it cost to finish a basement bathroom?
It will cost you between $10,000 and $30,000 to add a bathroom to your finished basement designs. Variable expenses such as the number of linear feet of plumbing pipes required, plumber’s labor fees, the highly customizable cost of toilets, showers, and tubs, as well as moisture-wicking ventilation and waterproofing, all contribute to the wide price variations.
It’s also beneficial to understand about the average cost of a bathroom makeover.
How much does it cost to finish a basement bedroom?
The expense of finishing a basement bedroom is typically substantially less than that of a bathroom. A basement bedroom is only as expensive as the separating walls, storage, flooring, lighting, paint, and furniture you pick once you’ve built an egress window. Ask basement contractor Houston for more information.