How to Save Money on a Basement Remodel
- Make a Budget. You can't stick to a budget if you don't make one.
- DIY Where You Can.
- Get Multiple Bids From Contractors.
- Choose Basic Materials.
- Save on Walls.
- Opt for Inexpensive Flooring.
- Leave the Ceiling Open.
- Plan Bathrooms Around Existing Plumbing.
How to finish a basement for really cheap?
Here are 11 project ideas that will make your basement livable on a budget:
- Improve part of the basement.
- Paint the ceiling and walls.
- Incorporate an accent wall or ceiling.
- Add new lighting.
- Include storage options.
- Customize your staircase.
- Get creative with flooring.
- Break up open areas with furniture or dividers.
What is the most expensive part of finishing a basement?
Overall the most expensive parts of finishing your basement are plumbing, flooring, waterproofing and egress window installation.
What is the cheapest cost to finish a basement?
Cost by Basement Size
Basement Size (in Sq. Ft.) | Cost Range |
---|---|
400 | $2,800–$9,200 |
500 | $3,500–$11,500 |
700 | $4,900–$16,100 |
800 | $5,600–$18,400 |
Is a basement remodel a good investment?
In the US, finishing a basement will give you a return of 70 to 75% of your investment. That means if you spend $10,000 on improvements, the value of your property will increase by about $7,000. Although you may not recoup 100 percent of your expenses, that's a good return on investment for most home sellers.
What adds the most value when finishing a basement?
Increased square footage
Adding square footage to your home via a basement remodel or finish is one of the best ways to increase its value, but in addition to adding extra space, you can also solve a few problems. You can add a bathroom, a guest bedroom, or give your teenager some space.