Remodeling a foundation is a great way to add square footage to your home without having to move to a larger home. It’s also a fantastic way to increase the value of your property and recoup your investment when it’s time to sell. Homeowners have a lot of questions related to basement remodels because it’s hard to look at an unfinished basement and gauge how much needs to be done, how much it will all cost, and where to start. In this article, we will address these questions and more. Read on to learn approximate values for a home basement remodel, what to expect, and tips for getting started.
Base remodeling
Homeowners look forward to refinishing their foundation so they can turn unused space in their home into something extraordinary. Popular options include a “man cave”, sports hall, theater room, children’s playroom, additional bedrooms, a bar, entertainment area, a second living room and much more. There really are endless options for basement remodeling, so it’s solely up to the homeowner to decide what their family’s or home’s needs are.
Although the options are endless, no one wants to go ahead with a basement remodel until they have an idea of how much it will cost. In fact, the total cost of a basement renovation job greatly influences the type of space conversion a person chooses. If a family has their hearts set on a new home theater, but also wants to have a fun game room for the kids, the cheapest option may end up being the winner. When something is out of budget, there are always other options.
Here are some factors that determine or influence the cost of remodeling a foundation:
- Size and square footage
- window requirements (i.e. exit windows, new windows, window replacement, number of windows, etc..)
- gate requirements (i.e. patio doors, glass doors, panel doors, number of doors, etc.)
- Appliances and Installation (i.e. sinks, refrigerators, stoves, full kitchens, etc.)
- Scope of electrical work
- floor (ie custom rugs, hardwood floors, laminate, dance floor, stage, etc.)
- Baseboards and moldings
- chart
- Water Damage/Water Leak Repair
- support pillars
- And more
Some of these factors are based on decisions based on personal preference, while others are critical parts of every basement remodeling project. It is vital to repair and control water damage and leaks before any work on a foundation can proceed. The rest is simply interior design and customization. This is where a person can really control the budget.
Once major renovations and repairs are calculated, a homeowner can determine which services are most important and desirable, narrowing down what they can afford and what they might think about doing later when they have more disposable income. Sure, those custom French patio doors are nice, but if you choose cheaper standard glass patio doors, you may have room in your budget to get that nicer TV you’ve been looking for.
These types of decisions are up to the owner and depend on their budget. The most important part of basement remodeling is hiring a reputable general contractor for the job.
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