7 Key Ways to Save on the Average Cost of a Basement Remodel
To whittle down the average cost of a basement remodel, leave some unfinished space for storage, use drop ceilings, and keep your flooring affordable.
Time for a basement facelift! Maybe you hope to turn your dank, dark storage space into a home office, add a bedroom, or revamp your fully finished entertainment space. Goodbye wood paneling and shag carpeting — you won’t be missed. Now, it’s just a matter of nailing down the average cost of basement remodel so your wallet’s ready for the big makeover.
The average cost of a basement remodel ranges from $12,027 to $34,531. The exact expenses will vary depending on the amount of work your basement needs, the size of your space, and your vision for transforming it. When done right, this project will make your house more marketable.
Check Your Home Value Before You Remodel
A backyard remodel can be a large expense, so it’s helpful to have an idea of how much your home is worth before embarking on this project. Enter your address and answer a few questions about your home, and we’ll provide a preliminary estimate in under two minutes.
“A properly finished basement definitely adds value,” advises Christine Marchesiello, a top-selling real estate agent located in the Albany, NY area. “When done legally, it’s an affordable way to add value to your home because it increases the square footage without all the work required to put an addition on the home. The space is already there, you just have to install sheetrock, add flooring, paint, and a little décor and design.”
With this guide to basement remodel costs, we’ll break down the elements your space needs to be considered legal and help you identify key opportunities to save money so that you can maximize your investment.