How Much Should Be Spent On Basement Remodeling?

How Much Should Be Spent On Basement Remodeling?

Basement remodeling is a project that homeowners don’t often consider for their houses. When anyone talks about the basement of their house, it is usually thought of as a dark space that is used just as an extra storage room.

However, things have changed a lot in recent years! The basement of a house is not just the basement anymore – it is seen as an additional bedroom, additional bathroom, and even an additional kitchen!

Basement remodeling is a smart decision in regard to added space to the house but also adding value which can be fruitful in the future.

There are a number of benefits that basement remodeling provides to the homeowners. But these benefits are often overlooked as people are usually concerned about the cost of basement remodels.

The cost for basement remodeling may vary based on the factors like the location of the house, extent of the project, features required to be added, area covered, etc.

The prices may also vary for different experts delivering services. So, a homeowner can only get an exact estimate when he or she carries out a research or talks to the experts near them.

Average Cost

On average, the cost of basement remodel starts from $10,000. This is the starting or base cost for such services. Based on the additional features, type of remodel, and area to be covered, this base cost can increase.

The cost is also decided on the basis of area covered. Thus, the prices are estimated on per square foot of the basement. Prices for per square foot for basement remodeling also vary. They may range from $10-$50 per square foot.

Aside from the cost charged by the basement remodelers, the additional features also decide the final cost of basement remodel. Some of these features include:

  • Type of flooring (additional charges with special flooring like hardwood)
  • Kitchen installations
  • Bathroom fittings
  • Window installations
  • Furnace or heating pump installations

As you can see a basement remodeling project helps with both adding an extra space to your household or increasing the value of a house in case the homeowner decides to sell in the future.