Basement Remodel Cost – Basement remodeling is an effective way to gain additional space in your home. Finishing or remodeling a basement adds value to almost 90 percent recovery in some states. Prepare to spend more than $ 50,000 to remodel your basement professionally. This figure assumes the remodeling will cover at least 600 square feet and include the creation of an entertainment room with a bar, a bathroom, and a storage room.
If you are skilled at doing work yourself and simply want to add basic touches such as paneled walls, carpeting, and even a false ceiling, you can reduce your basement remodel cost by around $ 5,000. The cost of the basement remodeling is closely linked to the original condition of the basement itself. If extensive work is needed in the addition of insulation or negotiation with moisture control before the construction work begins, a significant difference in cost could be made.
If a basement is ready to finish, estimate between $ 20 to $ 25 per square foot to basement remodel cost. If a lot of preparation work has to be done, they make the estimate closer to $ 90 per square foot. Think about how you will use the expanded living space in your basement before you start creating your budget. That will help you determine the degree of experience you need to complete the project. For example, to build storage space, you may simply need knowledge of carpentry.