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The average cost to finish a basement is generally between $25 and $50 per square foot, but costs can go as high as $90 per square foot depending on how extensive the renovations are and the materials and labor you choose. For most basements, the average cost works out to around $30,000.
What is the most expensive part of finishing a basement?
Breaking down the cost to finish a basement Flooring and wall coverings like paneling are the biggest expenses, making up approximately 15% of the total cost to finish a 1,200 square-foot basement, Sebring says.
How much does it cost to frame a 1000 sq ft basement?
Cost to Frame a Basement Square Feet Materials Cost Framed and Drywall Installed 1,000 $1,000 $3,050 1,200 $1,200 $3,660 1,500 $1,500 $4,575 1,800 $1,800 $5,490.
Is it worth the money to finish a basement?
Finishing Your Basement Adds Value to Your Home According to NerdWallet, a finished basement with an entertainment area and basement bath raises a home’s value at an average of $50,000. Also, according to Zillow, homeowners see an average of 70 percent return on investment with a basement remodel.
What is the cheapest way to finish an unfinished basement?
You can save on the cost to finish a basement by doing things not bound by codes: installing trim or doors, painting walls and woodwork, and installing flooring, says Buckeye Basements’ Jon Smith. Beyond that, count on using some pros.
How do people afford to finish a basement?
What’s The Best Way To Finance Finishing A Basement? A RenoFi Loan. Home Equity Loan Or Line Of Credit (HELOC) Cash-Out Refinance. Construction Loan. FHA 203k Or Fannie Mae HomeStyle Loan. Personal Loan / Home Improvement Loan.
How can I save money to finish 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.
Can I finish my basement myself?
The basic steps to finish your basement include insulating walls, choosing flooring and adding a ceiling to transform your lower level into an additional living area.
How much does it cost to put up drywall in basement?
Cost to Drywall a Basement Installing drywall costs an average of $1,850 or about $2 per square foot. Finishing basement walls in a 400 square foot space may run you $800, while 1,500 square feet is closer to $3,000.
How much does it cost to put a wall 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.
Does a finished basement Add to square footage?
As a general rule of thumb, listing agents and appraisers don’t count a finished basement toward the overall square footage, especially if the basement is completely below grade—a term that means below ground level. Whether an appraiser includes basement living space ultimately depends on which state you live in.
Why are finished basements not included in square footage?
Basements and usable square footage It’s not usable, so don’t include it in square footage. To be considered “living area,” a home’s rooms must meet certain criteria — including the basement. Height clearances, whether it’s heated, and the presence of windows: all of these make a space livable.
Can a basement be added to a house?
Adding a basement to a house is a perfect way to create a workspace, entertainment area, or simply to have more room for a growing family. But while you can add a basement to a house, it doesn’t mean it’s always worth it.5 days ago.
What is considered partially finished basement?
A partially finished basement has finished and unfinished areas. For instance, many people will have a fully finished living area and maybe a bedroom or half bathroom in their basement. These areas will have fully finished walls, floors, and ceilings with all utilities done correctly.
How long does it take to finish a basement yourself?
How Long Does Finishing a Basement Take? The standard time it takes to finish a basement is 4-8 weeks. Keep in mind that this can vary by the project size, so give yourself as much time as you need.5 days ago.
How can I cover my basement walls cheap?
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 do I renovate my basement on a budget?
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.
Is it hard to frame a basement?
Framing basement walls is the first phase of learning how to finish a basement. I do love the smell of lumber dust on a cool fall morning. Don’t worry, it’s not as hard as it looks, but it’s one of the steeper learning curves. Once you get the basic concepts down it’s just rinse and repeat.
Which flooring is best for 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.
What can I use for basement walls instead of drywall?
Finishing Basement Walls Without Drywall: Options and Paint. Basement Panels. Wood Fiberboard. Fabric. Vinyl and Wallpaper. Stone Veneer. Pargeting. Exposed Brick.
How can I make my basement liveable?
How to Make A Basement Livable Seal the Walls. Basements often feel damp and chilly and sometimes contain an unpleasant smell. Improve the Floor. Brighten Things Up. Put in Furniture.
What is a Yankee basement?
They call it a “Yankee basement” or, well, sometimes a “root cellar,” where basically you take the interior perimeter of the foundation wall, move in about 2½, 3 feet and then dig down there. So you leave this sort of berm of soil to support the foundation that’s under the footing.
What do you put in a finished basement?
16 of the Most Popular Uses for a Basement Home Bar. From sophisticated wine cellar to neighborhood pub to eclectic cocktail lounge–whatever you’re serving can be fun and festive in your own home bar. Game Room. Den or Informal Living Room. Wine Cellar. Theater / Media Room. Library. Extra Storage. Workout Room / Home Gym.
How do you cover basement concrete walls?
The most common way to cover concrete walls in a basement is drywall, a.k.a. sheetrock. Drywall comes in panels panels made from calcium sulfate dihydrate or “gypsum.” Panels come in different thicknesses and sizes, the most common being 4′ x 8′ x 1/2″ thick.
