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How to start planning a basement renovation
Whether your basement renovation goal is a work-from-home office or a spare bedroom, realizing your vision will take time, money, and expertise. It’s tempting to take the DIY route for your basement renovation. But in the end, enlisting professional help decreases headaches and increases the quality of your finished product. A good contractor coordinates the skilled professionals involved in the basement renovation process while ensuring that the work gets done within your timeline and on your terms.
How much does it cost to
finish a basement?
The average cost of finishing a basement economically can range from $38,000 to $98,000. This is dependent on your location, preferred materials, and desired improvements. These three components of your renovation will shape the final product, taking your basement from a little-used storage room to a movie night gathering space. Using your basement to its full potential will expand your home and increase its resale value. When you use Smart Reno’s free online tools to plan and budget for your basement renovation, you also get up to three free quotes from contractors in your area. Find the services that are right for your home improvement plans.
|Type of renovation||Predictable budget|
|Economic||$23,000 to $31,000|
|Standard||$29,000 to $39,000|
|High end||$39,000 to $53,000|
Basement renovation of 700 sf, without a kitchen or secondary entry
What’s typically included in a finished basement?
A finished basement will, at a minimum, offer you a heated underground room after weeks to months of wall demolition, framing, electrical work, and insulation. Use this as a blank canvas for an in-law suite, an artists’ studio, or a rental property. Add a bathroom, a kitchen, or even a sauna—a finished basement offers you endless possibilities.
Tips and tricks
How to choose the best materials for your basement renovation
The materials you choose for your basement remodeling should fit within your renovation budget. When economizing, ensure that you take the humidity level of your basement into account—carpeting may seem like a cheaper option than hardwood, but when both require a subfloor, you may want to opt for a different basement finishing option. With a small basement and a limited budget, covering concrete walls in cloth draping and painting over a concrete floor can add colour and personality without the risk of mould growth.
Tools & Calculators
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