Basement renovations are often the most cost-effective way to add more casual living space for your family because you can use the existing foundation and structure, and the overall cost per square foot will be less and choosing to opt for a home addition. They tend to cost between $35 and $70 per square foot, but can vary depending on your requirements. In this article, you’ll see where that money goes. The lowest floor in a home – the basement – tends to be the most neglected part of the house. However, the basement has a huge potential and you can realize that by simply finishing your basement. Make your home more versatile, expand the usable square footage, and improve the value of your property by transforming your basement into a playroom for the kids, workshop, or a second living room. There’s just so much you can do with a finished basement in Whitby. But first, you will need to eliminate flooding once and for all to allow for carpeting and furniture fittings. You will also need to replace the moist concrete walls with smooth panelling or drywall. It sounds like an enormous undertaking, but it comes with a lot of benefits. You can do some of the work yourself if you have the skills but it’s just easier to get a basement contractor to help you with the project. So, let’s see how much it cost to finish a basement. ESTIMATING THE COSTS Transforming your home basement from cobweb-filled concrete wall to a comfy hangout can cost a substantial amount, but it’s totally worth it. Finishing a basement gives you the opportunity to design a room from the ground up and a chance to add the probably much-needed living space in your home. The total costs will depend on a lot of factors, including how elaborate you want the remodelling to be. In this primer, we’ve outlined a few guidelines on how to estimate the cost to finish a basement. Before we get into the process of the estimating how much it will cost to renovate a basement in Whitby, let’s take a look at what the term ‘finished’ means in the context of renovating a basement. For the basement to qualify as “finished,” the room has to be habitable, meaning that any issues relating to water leakage or dampness must be resolved. The walls must be insulated and then trimmed or painted. Make sure that you’ve enclosed electrical wiring and plumbing behind the finished walls and install adequate ventilation. Make the rooms at least 70 square feet and add an emergency exit. Install accessible plumbing shutoffs and electrical panel boards. This is just a general guideline, so you need to do some research as local codes vary – and that’s where a professional basement remodelling company will help you out. As you can see, you’ll need a lot of materials and it’s important that you take note of everything you need before you start creating a budget for your basement-finishing project. Forgetting one crucial piece can ruin the budget. BREAKING DOWN THE COSTS When planning on going through with a basement renovation, your first step is to think about what you want to do with the space. Your basement has so much potential, so it can easily be a really interesting project. Once you’ve figured out what you want to get done, determine whether or not some walls will need to be put up or not. They’ll allow you to separate the space and create multiple rooms. On average, we’ve noticed that putting up a wall costs about $2,000/wall, for which it’s recommended to use gypsum. It helps soundproof the space, is fairly resistant and will allow your basement contractor to sand and paint it the way you’d like. Quotes will differ from one contractor to another, as will the services they’re qualified to provide. Plan your budget based on your desired outcome. Depending on your location, here are the average prices you can expect to pay: A basement improvement project can be in the form of renovating, remodelling, or finishing. Regardless of what you call it, finishing a basement generally means readying the basement for habitation by adding a floor, walls, lighting, power outlets, and plumbing. Wall coverings and the flooring are the biggest expense followed by electrical work and plumbing. Trimming, railing, and other carpentry works also account for a substantial amount of the total basement finishing cost. Things like clean-up, painting, cabinets, countertops, as well as insulation and drywall fittings, account for the remaining costs. The choice of materials and the total square footage are some of the key factors affecting the cost of your basement remodelling. Working under the assumption that your unfinished basement is in a good condition, the exact cost of the project will depend on how fast you want the project completed and whether extra features such as a wet bar or a bathroom are included.
BATHROOM Before finishing your basement, conduct an inspection for drainage and foundation problems to avoid structural problems in the future. Foundation repair and basement waterproofing may be necessary if the inspection reveals the risk of water seepage or water damage. Repairing the existing foundation will likely add a substantial amount to the total cost of the project. Understanding how different factors affect the cost to renovate a basement in Whitby will help you keep the expenses under control.
ADDING A BATHROOM IN THE BASEMENT If you’ve opted to get a bathroom installed in your basement, chances are your contractor will need to demolish part of your concrete slab (foundation) to get some pipes through to the basement. Depending on the way your home is built, the entire process can be lengthy and quite costly. It might cost you an additional $3,500 to your basement reno. However, if you already had a bathroom in your basement and you just want to remodel it, the original piping should work just fine. Of course, what you choose to put in your bathroom will dictate the overall cost of the renovation. Are you looking to add a custom-made bathroom? Maybe a clawfoot tub? Or custom cabinetry made of a particular material? Possibilities are endless when it comes to renovating a bathroom. On average, adding a small-sized bathroom to your basement will cost an additional $8,000 to $15,000 (depending on factors like materials, furnishing, etc.) to your overall basement renovation. Conversely, a bathroom on the main floor will cost anywhere between $10,000 and $23,000.
PAINTING Painting always goes according to the space’s square footage. It’s calculated by labour hours and the quantity of paint used. We’re used to seeing basements being painted for anywhere between $1,000 and $4,600.
CEILING When it comes to closing up the ceiling, there are 3 options available to you:
- Gypsum ceiling at $2 to $3/sq.ft.
- Suspended ceiling: $5/sq.ft.
- Architectural ceiling: $7+/sq.ft.
You can also take a look at soundproofing your ceiling before closing it up.
FLOORING The floor is a very important element in any basement remodel. Depending on the material you choose, it’ll give a specific look and feel to your basement. Most people tend toward getting hardwood flooring as it gives a nice, sophisticated look. It is, however, on the more costly side going for about $10+/sq.ft. Before putting a hardwood floor, you’ll need to be sure there is no water infiltration, nor any humidity issues. You can also get floating flooring installed to ensure your floor doesn’t buckle. Although not so popular, some will opt for getting carpeting installed. Carpet would work well if you plan on putting in a children’s playroom, to muffle sound and keep them comfortable while they play. However, like with hardwood, be mindful of the risk of humidity or water infiltration issues. Carpet fibers are more likely to retain humidity, which would lead to mold or other humidity-based issues.
DO YOU NEED A CONTRACTOR? When it comes to finishing a basement, some homeowners try DIYs, but you’ll need professional help when it comes to certain tasks. That’s where a basement contractor comes in. Basement finishing is a little different from some of the home remodelling projects you may have dealt with before. You will be starting the project from scratch, so don’t make the mistake of underestimating the construction technicalities. A little help can go a long way towards ensuring that your project is a success. Framing the existing ductwork, shoring up any foundation, and waterproofing are some of the tasks that are best left to the professionals — unless you have a solid background in construction. Finished basement ideas can be hard to come up with if you don’t have a lot of experience in basement finishing. At BCRBasements, we will help you come up with basement renovation ideas and create a space that’s really up to par with your needs, standards, and requirements.
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