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How Much Does a Basement Remodel Cost on Average?

Are you looking to turn your basement into an in-law suite? Perhaps your basement is in dire need of an upgrade.

Regardless, the average basement remodels cost is around $20,000 nationally. On the low end, basement renovations can cost $4,000.

On the high end, you could pay as much as $45,000. The cost may be higher if you want a finished basement with all the fixings (i.e. basements, plumbing, electricity, etc.).

Also, the price could be higher depending on how many rooms you want to add, or if you want to add a kitchen.

image - How Much Does a Basement Remodel Cost on Average
How Much Does a Basement Remodel Cost on Average

The average range is between $11,000 and $29,000. With that, the cost also depends on which part of the basement you’re renovating, including the types of materials you’re using.

This article will provide an in-depth guide into average basement remodels. Let’s explore.

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The Plumbing

To add plumbing, a plumber must connect the basement to water lines and sewer lines.

If you intend to add a full bathroom, the average cost (including parts and materials) is between $10,000 and $15,000. The cost will be less if you intend to add a half bath.

When it comes to bathroom renovations, the largest costs break down as follows:

  • Labor: $1,200 to $5,500
  • Bathtub Installation: $1,000 to $5,000
  • Tub Installation: $200 to $2,000
  • Fan Installation: $250 to $500

Other expenses (i.e. faucets, doors, and shower parts) usually hover around $200 each.

The Wiring

The wiring cost depends on the square footage of the basement.

  • Example: If your basement is 1,000 square feet, the cost could run you between $800 and $1,500.

Other factors, such as light and wall fixtures, will factor into the overall price. The cost will be lower if the basement has a wider space. If the basement has separate rooms, however, the cost will be higher.

The Frame

Framing a basement means contractors will add wood framing to create rooms. Framing also paves the way for additional work, such as insulation, plumbing, and wiring.

With framing and drywall installation, a 1,000 square foot basement can cost around $3,000. With that, the national average for drywall and framing is $1,100. For a basement that’s 1,800 feet, you could pay $5,500.

Overall, the cost to frame the basement is $1 for each square foot. Painting and installation are separate factors, costing $2.70 to $3.39 per square foot.

Insulation could be more expensive, with a price range of $700 to $4,000. The insulation cost range applies to spray-based insulation foam.

Moreover, experts recommend foam installation due to its non-permeable nature, preventing condensation accumulation.

Framing can be a heavy undertaking, and costs can spin out of control easily. To keep costs affordable, use a basement remodel cost calculator. Visit Carosyl Home Additions Inc. to learn more about basement remodels.

Basement Remodel Cost: What is the Best Way to Stay Within Budget?

To learn more about the basement remodel cost, talk to a reputable contractor. A contractor should be certified, and you should read online reviews about the contractor.

Overall, a basement renovation can cost up to $45,000.

Plumbing is one of the biggest expenses, which can cost you around $10,000. If you want a full remodel, consider a basement frame that supports plumbing and wiring infrastructure.

Interested in reading more? Read more on our blog to learn about other creative designs.