The Average Cost of Finishing a Basement

Nov 24th

Cost of finishing a basement – A finished basement can add long-term value to your home and significantly increase the living space for your family. However, finishing a basement can be a costly endeavor. The average cost of finishing a basement depends on a number of factors, such as size, the scale of the project and the area of ​​the country. Before starting the project, it is important to decide how the basement will be used and calculate your budget.

Remodeling Costs Basic Finished
Remodeling Costs Basic Finished

Average cost of finishing a basement, the average cost nationwide remodeling a basement is 64519 dollars. However, this includes a bathroom and a bar, both of which is expensive and adds thousands of dollars to the total cost. Costs also vary greatly by region. A frequently used method is to estimate the costs per square foot. The average range varies from $ 20 per square foot for basic renovations to more than $ 50 for higher-end renovations. A medium price range is $ 25 to $ 35 per square foot.

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Factors influencing cost of finishing a basement, there are many factors that influence the cost. One factor is the size of the basement. A small basement requires less material, fewer workers and less time to complete the work. Another factor is the scale of the project. If you are doing a basic remodeling, which may include staining cement floors, adding drywall and ceiling finish, the cost will be much less per square foot. However, if you choose to include a bath, use high-end accessories or add new floors and carpets, the cost will increase. If you need to add plumbing or electrical outlets, which will increase the cost even more.

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