Basement Remodel Cost
Understandably, one of the biggest concerns among homeowners renovating their basements is the basement remodel cost.
The truth is that there are a number of different factors that influence the price you pay for basement remodeling, and while it would be impossible for us to give you the exact amount you can expect your basement renovations to cost, we can provide an overview of these influencing factors.
How Much Is a Basement Remodel, and Is It Worth It?
A basement remodel can boost the value of your home and extend your living space. However, there are a number of factors that influence the basement finishing cost, which include the following:
How Big Your Basement Is
Size and layout play an important role in determining the price. The cost to finish a basement that is 1,500 feet will undoubtedly cost more than a 500-square-foot small basement remodel.
The Basement Contractors You Choose
Not all basement contractors are the same. When conducting your research, you will likely encounter service providers of all skill levels. To lower the overall basement renovation cost, make sure you are working with an affordable basement remodeler.
However, be wary of cheap basement makeovers, as some basement remodeling companies will provide low bids because they are utilizing low-quality materials and sub-standard labor to complete the basement renovation. This can actually cost you more in the long term, as you’ll have to repair or replace your walls, floors, ceilings, etc.
Make sure you choose a basement reno expert that offers the perfect mix of quality service and affordability. Moreover, ensure that you are spending enough time vetting basement renovation contractors before taking your pick.
The Materials You Choose
Your finished basement cost will also depend on the type of material you select. Going for fire-resistant drywall, as opposed to regular plasterboard, will raise the overall cost, so if you want to finish your basement for under $10,000, then make sure you are going for affordable materials that are of good quality.
Additions
Suppose you decide to add rooms to your basement. In that case, you can expect to pay more for basement refinishing. Including bathrooms in your design will also raise the overall remodel price per square foot, as you will need to add plumbing.
Moreover, if your basement needs to be pre-treated for mold or must have asbestos removed, this will ultimately raise the overall cost.
Waterproofing
Basements are often prone to water damage, and to ensure that this area of the home remains free of such issues, you will need to invest in waterproofing. However, this will increase the price you pay.
How to Learn More About the Cost of Remodeling a Basement
While an assessment of these factors can help you arrive at an average basement remodel cost, you will need to use a basement finishing cost calculator or request basement remodeling estimates from contractors for a more accurate picture of the amount you’re looking at.
If you want to complete a basement remodel on a budget, make sure you are talking to your service provider, who will help you come up with ways to save on the cost of a basement remodel.
They will help you plan an inexpensive basement remodeling project and work with you every step of the way to ensure that the transformation goes as planned, avoiding unnecessary costs.
The Difference Between a Basement Remodel vs. Basement Renovation
Many use the words “remodel” and “renovation” interchangeably. However, a basement remodel generally involves more extensive work, such as changes to the layout of the space, while basement renovations generally involve minor upgrades.
The basement renovation cost will undoubtedly be lower than that of a remodel because of the amount of work and materials required, provided you work with a team of basement renovation contractors who know what they are doing.
If your basement has exposed concrete, unfinished walls and ceilings, and no utilities, the chances are that you will need to invest in a remodel rather than a basement reno. However, if you have an existing structure with walls and floors, you probably won’t need to spend as much on your basement
Work with Arvada’s Leading Basement Remodeling Contractors!
When it comes to basement remodeling and renovation, many homeowners wonder what they can expect to pay. However, it’s important to remember that basement remodeling costs offer an excellent return.
Because these finished spaces increase the living square footage of your home and make the place more attractive to potential buyers.
If you would like to get started with your remodel or renovation, don’t waste your time with other basement remodeling companies. We have been in the business for many years and can ensure that the job is done right the first time.
To learn more about our services, contact State Drywall Arvada today!