How To Pay For Basement Remodeling In Texas
While finishing a basement costs approximately $20,000, the total cost can range between a few thousand dollars and $80,000, depending on the size and style of the space. While clearing cobwebs and concealing concrete may appear to be straightforward do-it-yourself projects, creating livable, appraiseable square footage requires the assistance of licensed professionals. Waterproofing, egress windows, and even ceiling height all contribute to your basement’s rate of return.
Costs of Basement Finishing
As is the case with most home remodeling projects, the cost is determined by the plot’s quality and the existing structure. Before you begin developing your budget, review this breakdown of basement finishing costs.
Finishing a basement requires electrical and possibly plumbing work, and permits are typically required if you plan to add a bathroom or bar. Additionally, your basement will almost certainly need to pass a safety inspection. Allow about $1,600 for permits and inspections.
Unless you intend to do it yourself, labor will account for approximately 40% or more of the cost of basement remodeling. You’ll almost certainly want to hire a general contractor to assist with the job’s supervision. Always compare quotes to ensure you are receiving the best deal and service.
Other types of contractors you’re likely to need to finish your basement include the following:
- Framing contractors and drywall installers
- Installers of insulation
- Installers of flooring
- Specialists in windows
- Specialists in foundation repair
Cost of Work by Type
Between $1,900 and $6,500
Pump for sump
Between $600 and $1,600
Between $1,000 and $7,000
Between $700 and $1,400
Stairs and handrails
2,000 – 7,000 dollars
Electrical wiring, luminaires, and outlets
3,000 – 12,000 dollars
Fixtures and plumbing
2,500 – 15,000 dollars
Between $1,500 and $4,000
Between $1,000 and $3,000
Between $1,250 and $3,500
2,000 – 12,000 dollars
Between $1,000 and $30,000
Cost of Basement Waterproofing
One of the most expensive components of this project is waterproofing your basement, which costs approximately $4,500. Water removal from a basement following a flood or storm can cost up to $10,000. Additionally, waterproofing the space will protect it from hazardous and costly mold and mildew remediation. How to pay for basement remodeling in Texas.
Cost of Constructing a Basement Ceiling
Ceilings made of drywall begin at around $1,600, or $2 per square foot. Basement bands and music enthusiasts should consider investing in acoustic ceiling tiles, which cost approximately $4 per square foot. Drop ceilings typically cost between $3.50 and $4.30 per square foot. This makes access to the HVAC and electrical systems simple.
Costs of Basement Drywall
Installing drywall in your basement costs approximately $2,000 and transforms it from a cold concrete block into a comfortable living space. Typically, contractors include installation costs of roughly $15 per-panel price. To ensure a warm, dry basement, waterproofing and insulation beneath the drywall should be installed.
Costs of Basement Flooring Installation
The average cost of installing floors when finishing a basement is around $3,000, but this figure varies depending on the material, style, and quantity used in your project. Basement flooring must be moisture-resistant or waterproof to prevent the accumulation of humidity and moisture. Continue reading to learn which types of flooring are best for basements and which are most cost-effective.
Epoxy has grown in popularity as a waterproof flooring material for basements and garages. It costs approximately $3 to $7 per square foot and cures in one to three days. The finished product can be a vibrant custom color or a marble imitation. Southern Belt Construction offers the best basement remodeling near me.
How Much Does it Cost to Finish a Basement Bathroom?
It will cost between $10,000 and $30,000 to add a bathroom to your finished basement plans. The wide price ranges are due to variable costs such as the number of linear feet of plumbing pipes required, the cost of plumber labor, the highly customizable cost of toilets, showers, and tubs, as well as moisture-wicking ventilation and waterproofing. It’s also beneficial to learn about the average cost of bathroom remodeling.
How Much Does It Cost to Finish a Basement Bedroom?
The cost of finishing a basement bedroom is typically much less than that of a bathroom. Once an egress window is installed, the cost of a basement bedroom is limited only by the dividing walls, storage, flooring, lighting, paint, and furniture you choose.
Basement Remodeling vs. Finishing
Contrary to popular belief, finishing a basement is not the same as remodeling it. Understanding the difference between the two can save time and money. A basement finishing project involves upgrading an uninhabitable basement with drywall, insulation, plumbing, and finished flooring. That is, it is undeveloped.
A basement remodeling project, on the other hand, typically involves renovating an area that is already finished and livable. Obviously, this can be quite extensive: This type of project usually involves structural changes to the space, such as moving walls or rearranging furniture. It may even entail total gutting.
There is usually a price difference between remodeling and finishing a basement. The average cost to remodel a finished basement is $20,200. Finishing a basement costs between $2,800 and $34,500, with the average job costing around $18,400, though it can cost more if you’re starting from scratch. With a $30-$100 per square foot estimate, that could be $37,50 with foundation work.