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.
Basement remodeling adds value to your home, increases your useable living space, can protect your foundation from moisture damage, and looks great. Many people remodel a basement to create space for an aging parent or to make room for more children. Another reason for basement remodeling is to create a rentable space that is separate from the rest of your home for a long-term renter or for short-term renting.
Create a restful retreat with a cottage inspired basement with a built-in wood bench and a cozy bed nook. Cool neutral color scheme of tan, pale blue, cream and white combined with minimal furnishings gives this area a warm and welcoming ambiance. For small finished bedroom ideas a built in bench that can be converted in to a bed with under cabinet storage is a great space saver and can increase the home’s value.