Finishing a basement costs roughly $20,000, but the total price can range from a few thousand dollars to as much as $80,000 depending on the size and style of the space.

How much does it cost to finish a 1000 sq ft basement?

Expect to pay $7,000 to $23,000, or $15,000 on average, to finish a 1,000 square foot basement.

How much does it cost to finish a 2000 sq ft basement?

Finishing a 2,000-square-foot basement costs approximately $70,000 to finish. Find the best basement finishing contractor in your neighborhood.

What is the cheapest way to finish a basement?

You can save on the cost to finish a basement by doing things not bound by codes: installing trim or doors, painting walls and woodwork, and installing flooring, says Buckeye Basements’ Jon Smith.

What is the most expensive part of finishing a basement?

Framing an unfinished basement can be very expensive due to both the labor and lumber costs. Surprising to many, the cost of lumber can actually end up being the most expensive part of the project. One way to offset those costs is by using metal studs.

How much should it cost to finish a basement per square foot?

The average cost to finish a basement is generally between $25 and $50 per square foot, but costs can go as high as $90 per square foot depending on how extensive the renovations are and the materials and labor you choose. For most basements, the average cost works out to around $30,000.

How do I estimate the cost to finish my basement?

Cost to Finish a Basement Per Square Foot The average cost to finish a basement is $32 to $47 per square foot or about $39 per square foot on average. A small, open-plan, 500-square-foot basement will cost about $20,000 while a 1,500-square-foot basement with three rooms and a bathroom costs around $57,000 to finish.

Is finishing basement a good investment?

Finishing a basement can be a good investment. According to cost versus value surveys conducted annually by Remodeling magazine, the average return on investment for a basement project nationally is currently around 75 cents on the dollar.

Do I need a permit to finish my basement?

In most instances, you will need a permit to finish a basement. Many municipalities require permits for finishing a basement if you install a new wall. The definition of a wall includes installing drywall over a previously existing framed wall. Any type of plumbing, electrical, or HVAC work will also require a permit.

How much will my taxes increase if I finish my basement?

Yes, it will, since the overall value of your property also increases when you finish your basement. The value can increase by up to 70 percent of your remodeling costs which makes up for a significant increase overall.

Does renovating the basement add value?

In the United States, on average, finishing a basement will give you a return of 70 to 75% of your investment. For example, if you spent $1,000 on improvements, it would increase the value of the property by about $700. If you spent $10,000 on improvements, it would increase the value of the property by about $7,000.

What adds the most value to a home?

What Home Improvements Add the Most Value?

• Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start.
• Bathrooms Improvements. Updated bathrooms are key for adding value to your home.
• Lighting Improvements.
• Energy Efficiency Improvements.
• Curb Appeal Improvements.

How can I finish my basement without finishing it?

SHARE Transform your basement into a living area, laundry, bathroom or workspace you can use now — without a full renovation.

1. Keep the ceiling exposed.
2. Ditch the drywall.
3. Capture the power of white.
4. Establish a focal point.
5. Get creative with paint and decor.
6. Install cabinetry.
7. Just do the basics.
8. Dress up with shine.

How can I cover my basement walls cheaply?

Fortunately, you can cover basement foundation walls quickly and inexpensively. Attach wood furring strips, Z-shape channels, or 2×4 studs to flat, dry masonry walls, then add insulation and cover the strips or studs with drywall.

How can I cover my basement walls without drywall?

Drywall Alternatives for your wall

1. Wood Planks.
2. Plastic Panels.
3. Plywood.
4. Veneer Plaster.
5. Pegboard.
6. Lath and Plaster.
7. Wahoo Walls.
8. Textured Wall Panels.