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What is the average cost for finishing a basement?

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Posted by: from Brooklyn
5/29/2012 at 4:52:06 PM

My husband and I are trying to plan and budget for a basement renovation that is around 1000 sq ft and will include framing, drywall, flooring (laminate or carpet...not sure yet) and a two piece bathroom.

Is there a basic rule or guide we can use to calculate the potential cost of finishing our basement? I understand that the materials will play a big part but is there a cost per square foot average that we can use?

I appreciate your time and look forward to your responses.

REPLIES (13)
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Date/Time5/29/2012 at 5:16:49 PM

There is not a set price for this kind of work but to get decent materials and the labor will around $16000

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Katrina from TDS Services in Houston
Date/Time5/29/2012 at 5:25:06 PM

It will depend on what type of material you want to be installed in this basement, the lay out etc.

Any experienced contractor usually will give you 2-3 budget options to choose from.

Labor will also depend based on the work you want the contractors to put in.

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M.C.'s Home Improvements in Mount Laurel
Date/Time5/29/2012 at 5:36:01 PM

i'm finishing a 1200 sq ft basement now and with the materials the client has picked out with labor its at $28.00 sq ft.....no wet bar, 30 recessed lights, finished crawl space, entertainment system, gym, 1/2 bath with ejector system, 2 vinyl windows, stairs opened to install banister with spindles(both sides).

Every option comes with a price, so the more basic you keep it the better the pricing should be.

And don't let contractors tell you there is not a sq ft price (there is).

God Bless and good luck.

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Vincent from Carpenter Solution in Somerville
Date/Time5/29/2012 at 5:41:21 PM

As for the cost of finishing a basement a simple finish should run around $25 to $30 per sq. ft.

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Date/Time5/29/2012 at 5:43:03 PM

You could easily have $25.00 a square foot on materials, all according to what level/quality of finish you want. You need to know what you need to do to install a bathroom. rough plumbing is the big one. Heat and AC are another big one. Some people think you won't need to do that, the basement is always warm in winter, cool in summer. Not so when finished.

Labor can vary a lot all according to where you live. A second egress will need to be installed. per code and that is with no bedrooms. If you want a room to be a bedroom, it needs it's own egress. If you hire a good, licensed, insured, GC it should be $25-35.00 per square foot, again, according to the level of finish and codes.

Is the basement dry? What's needed to fix it if it has water?

Hope this helps.

David Hagen

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Date/Time5/29/2012 at 5:51:48 PM

Cost do vary depending opinion number of rooms size of bath etc.

Framing cost run any where from 10 to 20 per foot includes labor.

Insulation from 1 to 2 per foot. Baths any where from 5000. To 10000.

Hope you have sewer set already or it may cost some to put in to get waste back up stairs.

Drywall any where between 1.5 to 3 per square foot of wall.

Paint carries and flooring anywhere from 4 per foot installed for laminate. Higher grade could run up to 6 to 8 per foot installed.

Then doors and trim depends from 140 per door installed. To unlimited. Base board etc.

Hope this help good luck with your project.

Scott Blevins

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Robert in Kansas City
Date/Time5/29/2012 at 9:41:14 PM

Based on my 50 years experience in the bussiness, $35/ft is a good starting point. the bath about $5000 for a simple average bath.

Really there too many variables to lock in a per sq ft price. Of course the price can vary greatly depending on the location.

Its really better to get some exact prices from some well qualified contractors & ultimately chose the one that gives you the best value for your money. He is usually not the lowest price..

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Henry from Classe Designs in Saint Louis
Date/Time5/30/2012 at 10:25:09 AM

Good Morning Marci,

In the St. Louis, Missouri area $35/sqft is a good budget figure including HVAC, electrical, bath/plumbing, drywall/stud walls/ceiling, carpet.

Adjust to suit your area.

Also, Barnes & Noble and on line bookstores have construction estimating manuals for

your reference.

Good Luck

Henry

Classe Designs

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Date/Time5/30/2012 at 10:38:47 AM

15,000.00 to 20,000.00 depending on materials used.

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Marcy in Brooklyn
Date/Time5/30/2012 at 11:17:32 AM

Wow...you guys are fantastic. I never expected so many responses in such a short time.

Is there anything specific that we should not be overlooked or skipped when renovating a basement? I want it to look good but I also want to make sure it's going to be functional for years down the road.

Thank you so much for your time! I will definitely be coming back here to find a contractor when we're ready to proceed with our basement!

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Date/Time5/30/2012 at 3:39:07 PM

Depending on the materials i would say around 14,000.

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MJ Salese Construction in Bangor
Date/Time7/8/2012 at 10:35:39 PM

Expect to pay around $20.00 - $25.00 per sq. ft. in Brooklyn.

Make sure the contractor has access to the job site for offloading materials, also make sure they have parking. You don't want to pay extra for things that may hold them up.

When doing a Basement renovation any were in the 5 boroughs, you need to test the humidity in the basement first and make sure it's dry also verify there is no water coming in to the building...This is the most important part of the job. If there is an indication of high humidity or water seeping through foundation...Get that corrected first.

Next would be your layout, take a chalk box and snap some lines making sure your room size(s) are adequate. Will you be putting in a Bathroom, or Kitchen, you need to figure this cost in addition to the building and refinishing.

Floating floors are better then carpeting when renovating a basement when under lament is applied correctly. Carpeting holds moisture and feels damp without proper circulation.You can always use throw rugs. If you are building a kitchen or bath, use ceramic tile for floor. Finishing your ceiling with acoustical ceiling tiles will cost between $3 and $5 per sq. ft. Lighting add aprox. $50.00 per fixture labor only, outlets add switches add between $40-$50 per unit. Laminate floors range from $6-$8 per sq. ft. labor only materials cost between $1 and $3 plus under lament at $50.00 per roll.

I also recommend steel studs rather than conventional wood framing and also fire rated X 5/8 GWB, so to sum up I have estimated the following based on 1,000 sq. ft. ...Framing L&M= $3,500, Drywall L&M=1,800, Painting L&M = $1,200, ACT L&M=$5,000, (4) Lighting fixtures=$200.,(6) Outlets & switches= $300 .,(2) Int. Doors Labor only= $75 ea., Floating floor based on $2.00 sq. ft. mat. and $6.00sq. ft. labor= $8,000 and trim work for base trim and doors L&M $1,500 with just these items your looking at a rough estimate of about $22,000.00 without waterproofing, kitchen or bathroom. You should expect to spend between $20.00 to $25.00 per sq. ft. for a basic minimum job.

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Eric in Fairfax
Date/Time1/17/2014 at 2:04:34 AM

When someone is talking about 25-35$ a sq. ft., are you talking about the sq. footage of the floor area or the amount of sq. ft. of wall space? Sorry if that is something that has been answered already, I am new.

Thank you!

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