Factors That Influence the Cost of Basement Remodels
Remodeling a basement is a great way to add square footage to your home without having to move to a larger house. It is also a fantastic way to increase the value of your property, and make back on your investment when it’s time to sell. Homeowners have several questions pertaining to basement remodels because it is difficult to look at an unfinished basement and assess just how much needs to be done, how much it will all cost, and where to even begin. In this article, we will address these questions and more. Continue reading and learn the approximate values for home basement remodeling, what to expect, and tips for getting started.
Homeowners look forward to refinishing their basements so they can convert an unused space in their home into something extraordinary. Popular choices include a “man cave”, sports room, theater room, children’s play room, extra bedrooms, a bar, entertainment area, a second living area, and much more. Really, there are endless options for basement remodels, so it is solely up to the homeowner to decide what their family’s needs are, or the needs of their home.
Even though the options are endless, no one wants to move forward with a basement remodel until they have an idea of how much it’s going to cost. In fact, the total cost of a basement refinishing job largely influences what type of space conversion a person chooses. If a family has their hearts set on a new home theater, but also wish they had a fun play room for the kids, the cheaper 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 a basement remodel:
- Size and Square-Footage
- Window Requirements (i.e. egress windows, new windows, window replacement, number of windows, etc.)
- Door Requirements (i.e. patio doors, glass doors, paneled doors, number of doors, etc.)
- Appliances and Installation (i.e. sinks, refrigerators, cooktops, full kitchens, etc.)
- Extent of Electrical Work
- Flooring (i.e. custom carpets, hardwood floors, laminate, dance floor, stage, etc.)
- Baseboards and Trim
- Water Damage/Water Leak Repair
- Support Pillars
- And More
A few of these factors are decision-based by personal preference, while others are critical parts of every basement remodeling project. It is vital to have water damages and leaks repaired and under-control before any work on a basement can move forward. The rest is simply interior design and customization. This is where a person can really control the budget.
Once the major renovations and repairs are calculated, a homeowner can determine which amenities are most important and desirable, and weed out what they can afford and what they might think about doing later on when they have more disposable income. Sure, those custom patio French doors are nice, but if you go with cheaper, standard patio glass doors, you might have room in the budget to get that nicer television set you’ve had your eye on.
These kinds of decisions are up to the homeowner and depends on their budget. The most important part about basement remodeling is to hire a reputable general contractor for the job.
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