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A finished basement improves the value of your home and gives you additional space at the same time. But getting your basement finished can be rather expensive.
Even if you decide on the do-it-yourself approach, you will still need to buy the basement products and you can’t leave out moisture control, sealants and insulation. If you want to finish your basement, no matter what method you choose, you should think about spending a few thousand dollars to get it into a comfortable livable space.
This is not intended to discourage you from finishing your basement. On the contrary, when you know the cost implication, it becomes easier to plan. Also you might discover that it is not as expensive as you had anticipated.
There are factors that will affect the basement finishing cost breakdown and it is important to know what they are and work through them.
The size of the room
The size of your basement will affect the cost of finishing. While a small basement might cost a couple thousands of dollars, a larger one will naturally cost more to finish.
For a larger basement, you need to also decide if you are going to add extra
features such as a bathroom. Some basements have wet bars and other additional features. Any of these extra features will tilt the cost of finishing your basement.
The type of finishing
If you are hiring a basement contractor, whether you are remodeling, renovating or finishing, is going to affect the cost. Although you might see it all as finishing’, it does make a difference to the contractor.
Basement Products
The products you use will probably take the bulk of your budget. There are several basement products you will need for your finishing and this also covers the interior. Some of the products are:
-Wall and floor coverings: these will take up the bulk of your expenses
so you should plan for that.
-Plumbing:
-Electricity: no matter what your plans are for your basement, you will need
electricity.
-Carpentry: there are several areas that will need carpentry in the basement. A good example are railings.
-Dry wall insulation: this is an important part of your basement
finishing, and when it is well done can save you money especially in the cold
winter months. Before installing insulation, it is good to check that the
basement does not have moisture problems.
-Interior: these are basic things like cabinets, counter tops and any other work that is required to turn your basement into the type of living space you want.
-Cleanup: You might require a cleanup crew to get your finished basement
habitable. The contractor might also provide this service. Be sure to discuss
details before the work begins.
Making a basement finishing plan that works for you
The first step to doing that is to decide if you are going to hire a contractor or go DIY on this. While doing it yourself might appear cheaper, you may end up spending more on basement products because contractors buy in bulk, which makes it possible for them to get the products at a cheaper price. A contractor might also have some tools that make it possible to finish the work faster.
Once you have decided on the road you want to go, the next step is to plan your budget. Once you make up your mind on what features you want in your new basement, you should find it easier to plan your budget.
This next step is only if you are going with a contractor, in which case you need to make sure you are hiring someone who is professional and has experience in basement finishing. You can ask around, get recommendations from friends and ask for references.
This basement finishing cost breakdown will help you plan your basement finishing project so that you know exactly what to expect.
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