A basement can still shine without a major renovation. To give this basement a finished look without breaking the bank, the homeowner installed wood wainscoting and trim to hide the radiator piping, electrical wiring, and ductwork. Reproduction furniture, oak fireplace surround and light fixtures reinforce a Craftsman theme seen throughout the space.
Old homes may suffer from sagging foundation beams as a result of shifting ground or decay and deterioration of the original building materials. Foundation beams can be raised and shored up successfully, but the right tools, like a pneumatic jack, are essential. Depending on how much the foundation beam must be raised, this job may require several days of incremental steps to complete - which means increased labor costs. Hiring professionals is the best option for this job. Expect costs to run about $10,000 for repairs like a shifted foundation.
When it comes to basement remodels, the most costly way is to start with bare bones. If all you have is concrete walls and floors, you need to add framing, electrical, plumbing, flooring and trim. Basement finishing in a newer home that already has plumbing and electrical roughed in, a watertight foundation and some insulation installed—but no final finishes (like drywall or paint or carpet)—usually costs less than remodeling an already finished basement. This is because when you already have a finished basement, the pros will need to do demolition at the beginning of the project, which can add $500–$1,500 to overall costs.
A boring basement can be transformed into the heart of a home. This family room borrows period details, such as the beaded-board wainscoting and chair-rail moldings, from other parts of the home creating a seamless transition between the upper and lower level. A grid of ceiling beams adds texture, conceals plumbing, and draws the eye toward the brick hearth. A built-in entertainment center stretches across one-wall, hiding a structural post that wasn't removed.
Across from the sitting area, a home office was constructed using inexpensive IKEA pieces and a painted wood countertop. A 4-inch concrete slab was poured over the existing floor and a stained finish was used to match the wood floors on the main level. A gas fireplace replaces an old woodstove and the existing brick was made light and bright after being covered with plaster and white paint.
A sophisticated media room featuring an open plan layout design scheme features a kitchenette and bar for entertaining, a light one wood cabinetry is designed for extra storage space and at the same time doubles as an entertainment area and a working/study corner. The fireplace serves as a focal piece and makes this room warm and cozy together with the cool neutral shades of brown and tan.
Basements can be daunting spaces for remodeling. Cluttered, dark, and chilly, basements often convince homeowners to turn their attention to other projects in the home. But basements don't have to stay that way. They can be remodeled and finished so that they not only integrate with the rest of the home, but become a beautiful and valuable asset to the property.
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.
Sourcing supplies, clearing debris, and doing prep work can all help you save on basement costs. Consider what skills you have and talk with your contractor about what will shave money in each area. You may have the tools and strength to demo walls, which can save you several hundred dollars. Sourcing the materials for the pro takes this task off their labor time and saves you money. Doing prep work and finish work is also a way to cut down on total cost. Painting the walls yourself at the end of the project could save you hundreds of dollars. Negotiate all these aspects before signing your contract.
The average cost of basement remodeling varies based on the square footage of the basement space, if structural changes are needed, and if you are adding in elements such as electrical work for a kitchenette or plumbing for a half bath. Other factors in cost include whether you have design plans already and what work you want done on the finishes such as trim and flooring. Here’s a breakdown of the various cost factors.
Boys will be boys. This small man-cave basement is fully equipped with the essentials a man would need in his hideaway retreat – a wall dartboard, a bar and a liquor cabinet. Texture painted ceiling in two tone colors and neutral color painted walls are balanced by the medium tone wood stain finish of the cabinetry, doors and bar stools. Wall to wall carpet adds a warmth and welcoming feel to the room.
This luxury basement with a wet bar offers extra convenience and accessible utility to this lower level living space. Wall to wall cabinetry with open glass shelving provides a display storage for wines and other liquors. Raised panel base cabinets give lots of additional storage space. The stone fireplace keeps this basement warm and cozy; perfect for entertaining and a great focal point for the area. The stone flooring and matching stone accents on walls and island bar are crafted to create the right balance for this design scheme.
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