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Breaking Down Basement Remodeling Costs
Prices will vary from region to region, and from contractor to contractor, but we put together some general estimates to help you plan your basement remodel.
Permits, Building, Plumbing, Electrical may cost you anywhere between $1000 and $2500 for basement remodeling.
Depending on what flooring you choose, you can spend as little as $5000 or as much as $20,000. Vinyl flooring isn’t so expensive, costing an average of $8,000 to $20,000 for an average-sized basement. Contractors’ grade carpet will come in around $5,000 -$10,000. Tiles can run you $15,000-$30,000 or even more depends on your choices.
If you are concerned about water damage, you may end up paying around $4,000 – $8,000 to seal your foundation and basement against moisture, while a sump pump with a french drain will cost around $10,000-$15,000.
Drywall costs approximately $1.50-$3.00 per square foot to install and finish.
If your home’s foundation needs significant work, it will cost around $10,000.
Depending on what work needs to be done, ceilings will cost between $1 and $6 per square foot. If you only need to have your ceilings covered with wallboard and finished, it will cost significantly less than if you need to maneuver around ductwork or lower the ceiling.
If you want to add a bathroom to your basement, your cost can shoot up by as much as $20,000 to $35,000.
If you want to use the area as a bedroom, it must have an egress window to act as an emergency exit. Each egress window installed will cost you approximately $8,500-$15,000.
Adding a wet bar or kitchenette will add between $20,000 and $40,000 to your bill.
A closet will cost $2,500 to install.
