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How much does basement renovation cost

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How much for a basement renovation

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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.

Is finishing a basement worth the money?

A finished basement can add value to your home — between 70%-75% of the initial cost. You'll essentially be adding living space to your house, which will be a clear advantage when it comes to selling your home. As potential buyers come to look at your home, they'll be impressed with the new look of your basement.

How to fix up a basement on a budget?

Here are 11 project ideas that will make your basement livable on a budget:
  1. Improve part of the basement.
  2. Paint the ceiling and walls.
  3. Incorporate an accent wall or ceiling.
  4. Add new lighting.
  5. Include storage options.
  6. Customize your staircase.
  7. Get creative with flooring.
  8. Break up open areas with furniture or dividers.

How much does it cost to renovate a basement in Chicago?

On average installing an unfinished basement will generally cost from $10 to $25 per square foot while a finished basement construction cost will be between $30 and $100 per square foot.

How much does basement renovation cost

Nov 9, 2022 — A partial remodel for a basement that's less than 700 square feet could cost anywhere between $9,000 and $52,000. A complete remodel for a space 

Frequently Asked Questions

What are the risks of basement remodeling?

The risks of basement remodeling include flooding risks, drainage risks, water risks, foundation risks, and above all, contractor risks! Hiring the right basement remodeling contractor is a prerequisite in this home improvement project.

How can I save money on my basement renovation?

10 Ways to Save on the Average Cost of a Basement Remodel
  1. Decide how you will use the basement space.
  2. Convert an unfinished basement into a livable space.
  3. Add windows and skylights to basement remodels.
  4. Use salvaged materials for your basement remodel.
  5. Incorporate a small kitchen or wet bar into the basement space.

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

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