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Framing a basement takes three to five days, on average, when completed by a professional, though it may take longer for a larger space. Keep in mind this doesn’t include the time to complete the design, obtain permits, and install the drywall on the framing. On average, fully finishing a basement takes an average of 45 days.
Although homeowners often use the terms basement remodeling and basement finishing interchangeably, they are quite different terms.
Finishing a basement is the process of taking a basement space that is not habitable and adding elements to make it usable. This includes adding plumbing, flooring, and insulation.
Remodeling a basement means taking an already existing finished basement and changing it, often by adding or removing walls, adding plumbing, or changing the existing flooring.
The average cost to remodel a basement is between $12,100 and $33,400. Depending on the project's complexity, the price can be as low as $3,500 or exceed $50,200. For a simple project like adding a home office, you might spend between $500 and $3,000. However, a more extensive project, such as adding a bathroom, can range from $6,600 to $16,500. The final cost is influenced by factors like the basement's size and condition, the type of remodel, material choices, your location, and accessibility. For an accurate price, it's best to consult with a basement remodeling team.
When considering finishing your basement, take into account a few pros and cons:
Pros
Can increase the value of your home
Separate space from the rest of the house
Customize and personalize the basement to suit your needs and style
Increase the amount of living space in your home
Cons
May not regain enough value to cover the cost of finishing
Lack of natural light if it’s below ground level
Moisture or flooding can cause costly damage
Installing plumbing and electrical can be messy and costly
Yes, it is possible to turn a regular basement into a walkout basement. Doing so involves excavating the land around at least one side of your basement foundation, installing retaining walls to create a permanent below-grade area outside your home, and then cutting into the foundation to install an exterior door that leads out to the new space. This is an expensive and time-consuming project, but it can add a lot of value and utility to your home.
The Houck, AZ homeowners’ guide to basement remodels
From average costs to expert advice, get all the answers you need to get your job done.
Hiring a bad basement remodeler can wreak havoc on the look and longevity of your unfinished space. Here are red flags to look for as you vet basement contractors.