1. Evaluate the space. Be sure to consider potential obstacles to your basement remodel like low ceilings, excessive moisture or ventilation concerns. Determine if your basement needs to be professionally waterproofed before spending tens of thousands of dollars to renovate it as neglecting  to address moisture issues will simply result in expensive damage repairs.

Even if it's currently cold concrete and crammed with boxes of off-season duds, the lowest floor of your home probably has loads of potential. Treat it just as you would any of the rooms aboveground, and it might just become the most popular spot in the house—for a lot less cash than adding on. Here's our bottom-line advice for turning this underutilized space into a place you'll be eager to spend time in.
Accounting for variables such as square footage, materials, electrical and plumbing, the average basement remodel ranges from $11,034 and $29,226. Some cost as little as $5,000, with top of the line remodels costing over $40,000. The average cost to homeowners is $20,126. Expect to spend between $10 and $35 per square foot depending on the changes made.
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