Pricing Estimate For Basement Finishing Cost

basement-refinishingHaving a finished basement adds to the resale value of your house and provides you with additional living space, but depending on how you go about your project, your basement finishing cost can be quite high.

Doing some research, buying your own materials and preparing for a diy project are some ways to lower the expense, but it takes forethought and organization to still boast a comfortable area despite the amateur job.

Find out how you can remodel your basement and what the cost to finish a basement generally is so you can plan ahead.

Using a Contractor

How much does it cost to finish a basement is a very general question and relies on many variables. If you are not handy or comfortable taking on the job, a contractor is essential, but research is necessary to not pay more than is necessary. To have a good estimate before you start calling around, measure the square footage of your basement.

On average, according to what I see homes for sale in Montrose basement finishing cost can vary between $29-32 per square foot for basic renovations to make your basement livable, but for elaborate remodeling, you could be looking at about $50 per square foot.

You also have to factor in the type of work you need done; if your contractor will simply do the wiring and dry walling or if you have additional issues like water leakage or placing in ceilings and floors.

Basement Finishing Cost

It is cost effective to get a professional to do the very technical, difficult work and then simply paint, put in basement flooring and furnish on your own. Make sure you call numerous contractors to get free quotes on the job you want done, but of course before you can discuss pricing, you should decide on a specific plan for the necessary work. If you are unprepared, a contractor can easily talk you into grand ideas that will increase the cost.


A diy project is certainly more cost effective, but if you are very unskilled or uncertain, you could run into costly problems that could also detain the end time by about 6 months. It is best to spend time learning the things you can do yourself and deciding what is best done by someone else.

Doing it this way can save you about 70% on the diy portion, since you will only pay for materials and not the labor. Deciding to install a suspended ceiling or floating floors can greatly save you money on supplies, are easy to install yourself and are flexible in what you can do with them. Painting the walls with a waterproof, mildew resistant paint before dry walling is also a good idea and can save you money on expensive wall treatments.

You can even save money on second hand furniture to further reduce the budget once you’re complete. Knowing the extent of your abilities to complete some portions yourself and budgeting for a professional to handle the tougher procedures is the best way to combine a cost effective project with quality work.

With careful planning and consideration, the basement finishing cost doesn’t have to be overwhelming.

How to Remodel Your Basement

basement remodelUse these great tips on how to remodel your basement, and turn it into a fun and useful space for your family.

If you have been living in your home for some time, it is likely that the basement has become the repository for boxes of stuff that you have cleaned out of your living quarters.

Perhaps it is time to look at your basement differently and consider all the possible uses for that space that would enhance the life of your family.

Begin by throwing out what you don’t need and getting a storage locker for what you want to retain.

Getting Started

Take a hard look at the space and image the possibilities.

Do you want to create a family gathering place?

Or perhaps it can become a workshop for the many projects that you have wanted to do around the house. Maybe it can be a game room or a place for parties and events.

You can add a wet bar or even a full second kitchen there.

It can become a private space for older children who are not quite ready to leave home.

It may be well suited to be a media center with a large screen television and top of the line audio equipment.

Or maybe you want to create a spa or workout room with a hot tub or sauna and steam room.

For the wine connoisseur, it can become a wine cellar for your treasured bottles.

All of these uses and more are possibilities for your remodeling project.

Examine the Fundamentals of the Space

Once you have cleaned out your basement, the first thing to do is to give it a thorough examination.

Make sure there is no water seeping in anywhere and if there is, locate the source and repair it.

Since you are about to convert your basement into some kind of living or working space, make sure that you have sufficient electrical outlets or plumbing for your application.

If more are needed, hire an electrician to install them to your specifications.

Think about the climate down there and consider whether you need to install windows or to route heat and air conditioning to the basement.

Contact the appropriate contractors and get at least three estimates for each task.

Create a Budget

Now you can put together a budget for your remodeling and make a determination if it is financially feasible.

If it is, then go ahead and bring in the contractors to get the work done.

“Make sure to get any building department approvals that may be required for this work,” states Sugar Land property management.

Have all work properly inspected when it is completed.


Starting from the bottom up, you need to consider what to do about flooring.

Most basements have concrete flooring, and if you are converting it to a work space then that should still work.

But for a family living space you should consider carpeting or wood.

Carpeting or carpet tiles are simple and add warmth and comfort to the floor.

Wood flooring is beautiful, but you should put down an underlay to soften the surface and to prevent it from feeling too cold on your feet.

In either case, make sure the floor is clean and flat.

Patch any holes or flaws before laying the flooring that you choose.


Moving upward, you must consider walls.

It is easiest to keep the space open but if you want to put up partition walls, make sure that they are properly reinforced as the weight of the house will be on them.

You can use rebar reinforcement.

They must also be properly waterproofed for the basement environment.

For the structural walls which are most likely concrete, you can either paint them colors appropriate for your use or you can panel them with wood.

For paneling, select hard woods that are treated for water resistance.


One of the most inexpensive ways to manage your basement remodeling project is to install a dropped ceiling.

This will create a drop space for wiring, plumbing or ductwork for applications that require them, such as a kitchen, wet bar or work space.

It will also create interesting lighting choices as well.

And it will make any new applications that you decide on down the road easier to install.

For a more durable finish you can dry wall the ceiling.

If your basement has limited head room, this might be the best option.

It will give the room a more finished look as well.

Finally, if you are going to create a media room, you will want to install acoustical tile. This is easy and inexpensive.

Follow these easy tips and get professional help when needed.

You will create a wonderful new living or working space and, at the same time, add value to your home.