Table of Contents
How to Renovate Your Basement: The Ultimate Guide Step 1: Decide How You Want to Use the Space. Step 2: Set a Budget. Step 3: Clean Out Your Space. Step 4: Conduct a Moisture Test. Step 5: Research Local Codes and Requirements. Step 6: Insulate Your Basement. Step 7: Take Care of Electrical and Plumbing.
What is the cheapest way to remodel a basement?
Here are nine project ideas that will make your basement livable on a budget: Focus on the ceiling, floor and walls. Improve part of the basement. Paint the ceiling and walls. Make room for storage. Light up the space. Create a space for crafts and activities. Add easy-to-install flooring. Paint or stain the floor.
What is the most expensive part of finishing a basement?
Framing an unfinished basement can be very expensive due to both the labor and lumber costs. Surprising to many, the cost of lumber can actually end up being the most expensive part of the project. One way to offset those costs is by using metal studs.
Do I need a permit to finish my basement?
In most instances, you will need a permit to finish a basement. Many municipalities require permits for finishing a basement if you install a new wall. The definition of a wall includes installing drywall over a previously existing framed wall. Any type of plumbing, electrical, or HVAC work will also require a permit.
Is it worth finishing a basement?
A finished basement can increase your property’s value by 70%. While a basement does not add to the overall square footage of the house, that fact is usually beside the point for homeowners. Finished basements often function as an informal living room/family room, office, home classroom space, and guest rooms.
How can I save money to remodel my basement?
7 ways to save on your basement remodel Opt for an inexpensive, prefabricated egress window and well. Test exterior walls for moisture before finishing. Cut out some studs. Install drop ceilings. Skip the carpet and install luxury vinyl tile instead. Add a bathroom (or at least a half bath) near existing plumbing.
How much does it cost to put up walls in a basement?
The national average materials cost to frame basement walls is $0.96 per square foot, with a range between $0.90 to $1.02. The total price for labor and materials per square foot is $3.67, coming in between $2.52 to $4.82. A typical 300 square foot project costs $1,100.19, with a range of $755.37 to $1,445.01.
How much should I budget to finish basement?
Average Cost to Finish a Basement Type of Cost Cost Average Cost $18,400 Highest Cost $80,000 Lowest Cost $3,000.
How much does it cost to drywall a 1000 sq ft basement?
Finishing a basement typically costs between $7 and $23 per square foot with an average of $25 per square foot.Average Cost Per Square Foot to Finish a Basement. Size (Square Feet) Average Price 800 $12,000 1,000 $15,000 1,200 $18,000 1,500 $21,350.
How much does a basement remodel cost?
Basement Remodel Costs Basement remodels cost $21,505 on average and typically between $12,250 and $33,123. Expect to pay anywhere from $30 to $75 per square foot. These upgrades increase your home’s value by about 70% of your investment.
How much does it cost to frame and drywall a basement?
Framing: You should expect to spend about $1 per square foot to frame your basement. Drywall: It costs around $1.50 per square foot to hang drywall in your basement. Ceiling: Basic ceiling installation can cost as little as $1-2 per square foot. But, if the project is complex, it can cost around $6 per square foot.
How do appraisers value finished basements?
Appraisers will generally value finished basement space at 50 to 60 of the value of the above grade square footage. This is why market experts recommend keeping the basement budget below 10 of the existing home’s value. Moving above this percentage doesn’t help with the appraisal, it’s like over improving the basement.
Does finishing a basement add value to a home?
While finishing the basement certainly adds to the value of a home, it’s not always as significant as you might think. According to Remodeling Magazine, the national average for recouping basement finish or remodeling cost is 79%. Resale Value done by Remodeler Magazine.
Can you finish a basement yourself?
If a finished basement is on your home wish list, take some time to learn about what goes into the project and find out if a DIY finished basement is right for you.The Tools You’ll Need: Caulk gun Circular saw Masonry drill bit set Sawhorses Stepladder Tape measure Utility knife Framing Nailer or Nail Gun Drywall jack.
How can I cover my basement walls cheaply?
Fortunately, you can cover basement foundation walls quickly and inexpensively. Attach wood furring strips, Z-shape channels, or 2×4 studs to flat, dry masonry walls, then add insulation and cover the strips or studs with drywall.
How much does it cost to finish a 1200 sq ft basement?
A 1,200 square foot basement remodel costs $30,230 on average, or $25 per square foot for materials and installation with most homeowners spending between $19,100 and $36,000. Ultimately your basement remodeling can cost about 30% less than a refinish.
What studs to use in basement?
Metal wall studs, which are typically composed of steel, are usually intended for use in basement walls. They can also help design DIY partition walls or other parts of simple metal structures. Metal framing studs are used to support a non-load-bearing wall.
Do basements need windows?
In most cases, the answer is yes. A finished basement project must incorporate an Egress window if any portion of the space will be used as a bedroom, or if you are creating another habitable space (a family room, for example) that does not already have an Egress window or a door.
What kind of flooring is good for a basement?
What basement flooring options and materials are the best? The best type of flooring for basements is vinyl. Vinyl flooring can come in the form of vinyl plank and vinyl tile, giving it the ability to look nearly identical to hardwood and stone products with the added benefit of being waterproof.
