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:
- Improve part of the basement.
- Paint the ceiling and walls.
- Incorporate an accent wall or ceiling.
- Add new lighting.
- Include storage options.
- Customize your staircase.
- Get creative with flooring.
- Break up open areas with furniture or dividers.
How can I save money on my basement renovation?
10 Ways to Save on the Average Cost of a Basement Remodel
- Decide how you will use the basement space.
- Convert an unfinished basement into a livable space.
- Add windows and skylights to basement remodels.
- Use salvaged materials for your basement remodel.
- Incorporate a small kitchen or wet bar into the basement space.
What are the cons of a finished basement?
Con: A Basement Refinishing Project Will Be Disruptive
Noise and temporary electrical or plumbing outages are common during basement remodeling. Although your contractor will do his best to contain dust, you'll probably need to clean more often than usual.
How do you renovate a small basement?
Paint the walls with pale colors and add mirrors to help maximize the amount of light that can be reflected—this will help create a more open and airy feel, especially if your basement is a small area.