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Confidential Address-Based

As a leading real estate data company, Kukun has detailed data on virtually every home in America. We use this data about your home’s size, bedrooms, bathrooms, location, value, and more, to create a highly accurate cost estimate of the renovations you want to do.

Plus, we show you the ROI on your renovation and options for saving money or making more luxurious selections.

Confidential Address-Based

Basement Remodel Cost Estimator

What is your plan for this Basement?

Remodeling an existing space Expanding an existing room Adding new square footage to the house
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Estimate the cost to remodel a basement

Want to remodel your basement, or convert it into a usable room? You could turn this otherwise underutilized storage space into a guest bedroom, a home office, or a fully finished entertainment space. The first part of your planning is getting an estimate for the basement remodel cost. Once you have that figured out, the home improvement project will have a better chance of running smoothly without a glitch.

Basement conversion or remodeling, if done right, can make your house more marketable – apart from adding more living space to your floor plan. An extra bedroom, an exercise area, or a furnished media room will not only appeal to potential home buyers but will also make your life more convenient. Keep in mind that an unfinished basement may rightly come across as wasted space.

A finished basement, on the other hand, increases your home’s value, offering a great return on investment (ROI). All you have to do is decide what kind of space will complement your family’s lifestyle, and if it will fit into your remodeling budget.

Experts believe that remodeling a basement increases your home’s value by almost 70% of the investment you put into it. Having said that, it’s important to keep the quality of your basement consistent with the rest of your home for the best ROI. That is to say, you don’t want to use a high-end granite countertop in your basement and have a laminate countertop upstairs.

Our basement remodel cost estimator is a free tool that helps you calculate the cost of finishing a basement and turning it into a standard room. Simply enter your specifications to get an estimate of your total renovation cost, instantly! Armed with a realistic budget for your project, you’ll have a definite advantage before the construction work begins.

The basement cost calculator tool is easy to use. It uses relevant data such as the type of renovation you want, your zip code, and the project size to arrive at an estimate.

You can get your basement remodel cost estimate in minutes by following the steps below!

  • 1. Select basement remodel cost calculator on the home renovation cost estimator page
  • 2. Choose the type of basement remodeling you plan to make
  • 3. Enter the size of your basement
  • 4. Provide your exact address with house details and zip code
    (Your location helps us give you a better cost estimate as we can keep a track of the labor and material prices, permit history, and similar renovations in your neighborhood.)
  • 5. Enter your email address
  • 6. Get your personalized project cost estimate

A finished basement improves the look, value, and comfort level of your home. What’s more, if and when you decide to sell your house to potential buyers, they’ll love your creative basement remodel ideas.

Getting a cost estimate for your basement conversion will give you a fair idea of how much of an investment you’ll require for this type of home renovation. It will help you organize your home improvement project better – effectively managing all the milestones and your budget.

A free cost estimate is also the best way to ensure that there aren’t any unpleasant surprises and unplanned expenses during the execution of your home project.

There are technical differences between basement remodeling, basement renovation, and finishing a basement. While remodeling changes the look or function (or both) of a space, renovating is more like restoring it to its best version by keeping the structural elements intact. Finishing a basement refers to taking it from bare concrete to walls, ceilings, and floors

The average basement remodel cost runs to about $21,578 – with homeowners spending anywhere between $12,230 and $150,000. The reason for such a huge price range is that your basement remodel cost will vary depending on the scope of work, the size of your space, the total material cost, labor cost, and what you want to transform your basement into.

For instance, remodeling a 1,000 square feet basement complete with a wet bar and a full bathroom can cost you $70,000. Larger basements with high-end finishes and conversion options can cost you about $150,000. Smaller basements (anything under 700 square feet) cost between $9,000 and $50,000. That translates to about $50 per square foot. The reason is that you can only add minimalist design additions such as a family den, a half bath, a basement kitchen, or a guest room when you’re finishing a basement.

The average per square foot cost comes to approximately $30 to $75 per square foot for a standard size home. You can expect to pay $150 per square foot if you’re looking for high-end finishes and upgrades.

The total cost varies with the type of room you want. For example, a basement bathroom may cost $125 per square foot while adding a living room to your basement may cost you $30 per square foot.

If you want to turn your basement into a full-fledged apartment, you’ll have to shell out anywhere between $50,000 to $100,000.

The average cost of basement renovation varies depending on a number of factors:

  • The basement's square footage and design plan
  • Whether or not you’re making structural alterations
  • If you're adding utilities, such as electrical work or plumbing work
  • The type and grade of finishes you desire
  • Material as well as local labor cost
  • Any unique conditions regarding the project

The type of basement conversion or renovation you want will determine its final pricing. Here are a few inclusions that you may require:

  • Basement bathroom remodel ($6,600 to $16,500)
  • Master bedroom suite ($25,000)
  • Bedroom remodeling ($3,500 to $10,500) – including flooring, paint, a closet and an egress window
  • Home theater ($11,500 to $29,500)
  • Wet bar installation ($6,000 to $22,500)
  • Sauna installation ($2,000 to $6,000)
  • Home gym ($300 to $15,000)
  • Fireplace installation ($900 to $3,800)
  • Permits ($100 to $2,000) – including home inspection
  • Basement walkout doors ($2,500 to $10,000)
  • Waterproofing basement ($2,250 to $7,100)
  • Rewiring the basement ($500 to $2,500)
  • Basement insulation ($500 to $1,500) with fiberglass batting
  • Basement framing ($5 per square foot)
  • Drywall installation ($1,000 to $2,900)
  • Interior wall painting ($500 to $4,500)
  • Basement flooring installation ($1,500 to $4,500)

Whether to make your basement renovation a DIY project or not depends on your skill and experience level. Keep in mind that you’ll need the right tools and equipment too. Hiring a pro is a good idea for larger projects such as a bathroom renovation or any remodel that involves plumbing or electrical work.

A licensed plumber will generally charge you $80 to $130 per hour while an electrician will charge $50 to $100 per hour.

Hiring an interior designer will cost you between $2,000 to $13,000. They’ll help you with the basement layout and practical design plans. What’s more, they’ll guide you with materials and upgrades to fit your budget, lifestyle, and home design.

You must plan your basement remodeling project well in advance. Its success depends on having a plan and sticking to it.

Here are a few tips to make the process easier for you:

  • Keep a practical basement design plan ready with all the inclusions you want.
  • Make sure the layout is in accordance with the local building codes.
  • Set a realistic budget with some leeway for surprise costs. Experts advise adding an extra 20% to your existing budget.
  • Be prepared for potential price fluctuations in the material cost and longer delivery time during the pandemic.
  • Work with expert and licensed basement contractors. A well-put-together basement is an important consideration for potential home buyers. A professional finish will help you get the best house price.
  • Get the required building permits and inspections done.
  • Be sure to get a warranty or guarantee from your remodeling contractor.
  • Get a written contract stating the complete schedule, deadlines for milestones, and payment details of your basement project.

What’s the cheapest way to remodel a basement?

According to experts, you can expect a 50% to 70% return on your investment for most remodels.

What’s the cheapest way to remodel a basement?

To save money, you can complete a few projects such as demolition, cleanup, and painting yourself instead of hiring professionals. Also, if you have a tight budget, you can opt for low-cost materials and finishes.

Which flooring is best for basements?

For the best type of basement flooring, you can choose vinyl flooring (both vinyl plank and vinyl tile). This flooring material can be made to mimic hardwood floors with the added advantage of being waterproof.

How much does it cost to gut and renovate a basement?

The average cost to finish a basement ranges from $6,500 to $18,500 while basement remodeling cost ranges from $10,000 to $30,000 depending on the size, type, and installation costs.

What’s the first step for finishing a basement?

You can begin finishing a basement by installing insulation, followed by framing the walls, adding the utilities, mounting the drywall, and completing the paint job.

Is adding a bathroom in the basement a good idea?

A bathroom in the basement adds to your convenience – making the space more livable. It increases your home’s overall market value as it can be a good selling point for potential home buyers.

We answer every question you may have. This feature equips you with everything you need to know about home renovations

Now you are ready to start your home renovation project

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