It’s a sign of the times! Your family is growing and your house is getting small, but with the economy the way it is, there is no way you can get a different house. If this is happening to you, you are not alone in your problem. People all over the world are looking for ways to continue living comfortably in the home they already have. Maybe you have room to expand and can afford the cost of an addition. However, perhaps you don’t have room for expansion and would like to find a less expensive way to get the space you need. It might be a good idea to research the cost of finishing your basement.
Basement finishing isn’t for everyone, but in many homes, you can open up a lot of additional living space by doing so. The cost of your remodel will vary depending on the amount of work that needs to be done. Some older houses have dirt floors on their foundations or cracked concrete. These conditions will require much more work on the floors than for those with cement floors. Other things that will make a difference in the cost of basement finishing include the condition of the walls, whether or not a bath has already been roughed, and whether the ductwork has been recessed between the floor joists or hangs below.
If your basement is damp, you’ll want to spend the extra money to paint the walls with a waterproofing product. This process will cost you around $500 if you do the work yourself. However, if you need to hire someone to add ventilation, egress windows, wiring, and plumbing, you can expect the bill to be in the $5,000 range. sophisticated family room where you can entertain. The more luxuries you add to the project, the higher the cost of finishing the basement will be.
Someone who wants a living space with all the amenities, including a wet bar, bathroom, finished ceilings, and the conveniences of main floor living, needs to calculate costs that are more in the region of $50,000 to $70,000. The cost of refinishing your basement is not going to be cheap, but you can gain a lot of square footage in your home and increase your home’s value by doing so.
