The basement is often a sorely underused area of your home. Depending on what type of project you’re attempting, a basement remodel can give you a whole new area of your home to enjoy. There is, as always, the cost of remodeling.
The cost of a basement remodel in 2023 can vary depending on the scope of the project. On average, a basic basement remodel can cost anywhere from $10,000 to $30,000. This includes the cost of materials, labor, and permits.
If you are looking for a more extensive remodel, the cost can go up significantly. For example, a basement remodel that includes adding a bathroom, kitchen, or bedroom can cost upwards of $50,000.
There are a number of factors that can affect the cost of a basement remodel, including:
- The size of the basement
- The scope of the project
- The materials used
- The labor costs
- The cost of permits
If you are considering a basement remodel, it is important to get multiple estimates from different contractors. This will help you to get an accurate idea of the cost of the project.
Although areas of a basement remodel can be undertaken by a savvy homeowner, many projects, especially if they have to do with pipes or wires, should only be handled by a professional. If you need help with a basement remodel, contact At Home Pros for the best experts in your area.
What to Know Beforehand
Before you set foot in your basement with the intention of remodeling it, you need to go over a preliminary checklist to assess whether your basement is a good candidate for a remodel. Checking moisture levels, your foundation, and any codes that might apply are all great ideas for the first step of the project.
Here are some of the areas of assessment:
Foundation – You should have a professional come in and check your foundation before you do any in-depth remodeling. Cracks or holes should be taken care of well before you start any renovations.
Code Violations – You’ll need a pro for this step as well. Ask an expert to assess your property and plan to make sure you don’t break any local residential building codes. It’s much easier to check this now than to have it ruin your future plans.
Permitting – Every community is different, so you will need to know whether permits are required for what you have in mind.
Moisture – A tell-tale sign of an unsound foundation is moisture, and it should be dealt with immediately before it fosters mold and bacteria growth. You can’t just clean up a puddle or leak however; you have to follow it to its source and stop it there.
Insulation – If your new basement will be a living space including a bedroom, you should check the insulation to make sure it remains cozy when your house is at its coldest.
Planning out your remodel beforehand, digitally or on paper. Once you’ve started the model, try not to stray from the plan to reduce unexpected costs. In the meantime, here are some tips for saving money on a basement remodel:
Do Some of the Work Yourself
If you are handy, you can save money by doing some of the work yourself. Many homeowners eagerly attack some of these tasks. However, it is important to be realistic about your abilities and to only attempt tasks with which you’re comfortable.
Choose Less Expensive Materials
There are a variety of materials that can be used in a basement remodel. Some materials are more expensive than others. If you are on a budget, you may want to choose less expensive materials.
A good rule of thumb is to remain consistent in what types of material you choose. If you only have laminate on your countertops upstairs, don’t get solid marble for the wet bartop in your new basement as it disrupts the aesthetic symmetry of your home.
Get Multiple Estimates
As mentioned above, it is important to get multiple estimates from different contractors. At Home Pros is a great tool to give you multiple service providers in your area, and a few estimates will give you an accurate idea of the real cost of the project.
Be Flexible With Your Timeline
If you are flexible with your timeline, you may be able to get a better price on materials and labor. If you’re in a rush, you are sure to overspend on unforeseen obstacles.
Consider Doing the Project in Phases
If you are on a tight budget, you may want to consider doing the project in phases. This will allow you to spread out the cost of the project over time.
Basement remodels can be a great way to add value to your home. However, it is important to be aware of the costs involved before you start the project. By following the tips above, you can save money on your basement remodel and get the most out of your investment. To contact the best professional in your area, reach out to At Home Pros first.