Average Cost To Finish Basement With Bathroom – Imagine your unfinished basement, a cold, dark, uninviting space that you’ve been wanting to finish for years. An unfinished basement is the perfect blank slate for designing a space to meet your needs. You can create an extra bedroom, an ideal entertainment space or even a private yoga studio. A finished basement can be a great asset when it comes time to sell and can increase the overall floor space of your home. But how much does it cost to finish a basement? Let’s take a closer look.
The cost of finishing a basement will vary greatly depending on your location, the current condition of the basement, the type of materials, and additional amenities such as bathrooms, bedrooms, movie rooms and more. On average, homeowners spend $22 to $50 per square foot to finish their basement. If you plan to finish your basement, you will need to spend between $20,000 and $45,000.
Average Cost To Finish Basement With Bathroom
Please note that these are just average costs. If you want to add more custom rooms, buy high-end flooring and fixtures, or have a very large basement, you could spend $100,000 or more. How much it costs to finish a basement can vary greatly, so you may be wondering how you can afford it and stay within your budget. Here you will find an overview of the basic costs and other additional costs you can expect.
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Hiring a reliable, quality basement contractor will likely be one of your biggest expenses. You can spend between $25 and $100 per hour on the job. Contractor prices depend on your location and the size of the project. For example, a quote from a contractor in New York, NY will likely differ significantly from one in Omaha, NE.
A general rule of thumb is to spend 20 to 35 percent of the budget on labor costs. For an accurate estimate, it is best to contact a contractor and receive a personal quote. Make sure you check how they charge; some include their labor costs in the project, while others charge by the hour.
When hiring a basement contractor, Go Pro Construction advises people to “research and interview your general contractor. They should treat you as a partner throughout the process and discuss options with you, in addition to providing you with a comprehensive budget up front. Open communication at all stages of the project ensures that the project remains on time and on budget, reducing stress levels and creating a project that you will enjoy.”
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Lumber prices have skyrocketed recently, making basement framing more expensive than ever. The estimated cost of building a basement is approximately $7 to $16 per linear foot. This includes the cost of lumber and other small materials, nails and studs. This number will increase if you plan to make the basement walls with steel instead of wood or if you make a load-bearing wall.
After framing, finish by installing drywall and insulation in the basement walls and applying a coat of paint. Drywall in a basement costs an average of $2 per square foot and insulation costs about $0.80 to $2 per square foot. Paint prices vary, but expect to spend between $2 and $4 per square foot. Keep in mind that the ceiling square footage should be included in the total square footage of your basement renovation project.
If you start the renovation with a concrete floor, the basement must be waterproof and flood-proof to keep moisture out. Waterproofing “helps prevent future flooding and protect your investment. Contact a professional waterproofing contractor who can give you an accurate estimate of how to prevent flooding in the basement of your home.” – 20,000 lost
Before the floor is laid, the contractor must first lay the subfloor. Flooring materials cost $2 to $7 per square foot and help insulate the basement. The price of a floor depends on the type of floor you want. Some homeowners choose carpet because basement floors can be quite cold, while others opt for water-resistant floors such as tile or engineered hardwood. Depending on the flooring you choose, you can spend as little as $1 per square foot on vinyl or ceramic tile, or $25 or more for high-quality hardwood floors.
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Whatever flooring you choose, it is important to keep the basement dry. EquipSupply reminds homeowners that it is a good idea to have a dehumidifier to prevent condensation in the basement. This will help prevent mold and preserve your repair. This is especially important if you have carpet in the basement.”
Some unfinished basements have lighting or electrical wiring installed. However, usually there are only a few light bulbs or sockets. It is best to have a contractor or electrician install adequate lighting in the finished basement. Adding lighting and outlets can cost between $500 and $3,000, depending on the current wiring and size of the basement.
The final step in finishing the basement is adding decorations and furniture. Furniture and decorating costs can add up quickly, so make sure you budget for them so you can start enjoying your basement once construction is complete.
Some homeowners may want to add a bathroom or bedroom when finishing the basement. Here is a price breakdown of some common features that can be included in your basement renovation.
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Adding a room will increase the cost of the basement renovation because you will have to pay for additional framing, drywall, insulation, paint, etc. Keep in mind that if you add a bedroom, you will only have to pay to build that room . To comply with safety regulations, you must pay for electrical outlets, cabinets, additional doors, furniture and windows. In short, the more rooms you add, the higher the basement renovation costs.
Chris Campbell advises homeowners: “If you have a bedroom in your finished basement, it is important to be aware of the specific code requirements that apply to the bedroom. For example, the International Occupancy Code requires that basement bedrooms have at least one fire exit In addition, many states and local governments have their own emergency escape requirements, so check the appropriate building and housing codes for your area.” – Building Code Blog
Although optional, the pump is something that can save you thousands of dollars down the road. If the basement is flooded, pump out the water that collects on the basement floor. A pump installation costs between $600 and $1,500 and should be installed at the lowest point in the basement. Installing a sump pump is especially important for homeowners who live in areas with a high risk of flooding. Many insurance companies require that a sump pump be installed before flood insurance coverage is available.
There are many ways to incorporate a basement pump into your basement finishing plan without spending a lot of money. Talk to your contractor about ways to thoughtfully add a sump pump to your basement renovation.
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To keep the basement comfortable year-round, the space must be properly heated and cooled. Have the contractor verify that the existing HVAC system is large enough to meet the heating and cooling needs of the newly finished basement. If it’s too small or outdated, you’ll have to buy a new HVAC system and pay for new ductwork to handle the extra square footage.
You can expect to spend between $4,000 and $10,000 on the new system and ductwork needed to heat and cool your basement. Also keep in mind that adding new space to your HVAC system will increase your monthly energy bills.
Finishing a basement is a major renovation. In order to proceed with the basement renovation, a building permit is required. In most cases, your basement contractor will obtain a building permit because they are responsible for ensuring the project is up to code. Permits can cost between $50 and $2,000, depending on the size of the project and the state.
If you’re on a budget, you may want to take your basement to the next level by adding a bathroom or special room. The cost of adding a bathroom to your basement can range from $7,000 to $20,000, depending on whether your basement is plumbed or not, and the size of the bathroom. A small 5×7 bathroom will be much cheaper than a large bathroom.
How Much Does It Cost To Finish A Basement?
Creating a special room, such as a gym, wine cellar or cinema, is a great way to add a personal touch to your home.
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