HOW MUCH WILL IT COST TO FINISH MY BASEMENT?
Since basements come in all different sizes and shapes this estimation of costs will be based on a basement size of five hundred square feet. Also assume that no additional work such as upgrading the electrical or plumbing to code, adding an electrical sub-panel or the repair of cracked flooring or walls will be included. Most importantly is determining if there is adequate headroom and if there are any moisture problems. All this work would be required prior to starting the basement build out.
The simplest of basement build outs would be to frame the exterior walls, add electrical to code, insulate, drywall, add drywall or a suspended ceiling with can lights, add flooring (wood flooring is not recommended if the basement floor is a concrete slab), and paint. This basement would also have a stair well with a door at the top. There would be no plumbing. A good estimate for this scenario is $30.00 to $40.00 per square foot.
If you want to add a bedroom the additional cost would be about $3,000.00.
Add a three-quarter bath with shower at a cost of $8,000.00 to $10,000. The range in cost will be determined by available plumbing and the quality of amenities.
Add a wet bar or kitchenette at an additional cost of $10,000.00 to $12,000.00.
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