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The cost to finish a basement is $18,400 for the average homeowner. However, this cost could be as little as $2,800 or as much as $34,500, depending on the basement size and the materials needed. If your basement is already outfitted with electrical and plumbing, expect the cost to fall on the lower end. 

For example, the drywall cost for this project averages around $1,750, but other features, like hiring a plumber, cost between $45 and $200 per hour.

The cost to remodel a basement is between $12,100 and $33,400 for the average homeowner. The price you pay can be as little as $3,500 or as much as $50,200, depending on the size and condition of your basement and the type of remodel you're doing. 

If you're doing a simple project like adding a home office to your basement, you can expect to pay anywhere from $500 to $3,000. However, if you're adding a bathroom, which is an extensive project, you can expect to pay between $6,600 to $16,500.

Damp proofing and waterproofing are both methods to help keep your basement dry. Damp proofing keeps soil moisture from entering your basement, which is helpful since your basement is underground. Waterproofing, however, keeps both soil moisture and liquid water out of the basement, which is essential, especially if you live in a wet environment. Because it’s more protective, waterproofing typically costs more than damp proofing.

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 cost of basement waterproofing is $4,950 for the average homeowner. However, you could end up paying between $600 and $14,000, depending on factors like basement size, waterproofing method, and the region you live in. 

If you live in an area with heavy rainfall, you might be paying more for waterproofing than if you lived somewhere drier since waterproofing contractors would be in high demand. Likewise, a 500-foot basement costs between $2,500 and $5,000 to waterproof, but that price rises significantly for a larger basement.

The Pike Creek, DE homeowners’ guide to basement leak repair services
From average costs to expert advice, get all the answers you need to get your job done.
A living room with a desk and a fireplace in the basement
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A basement remodel can often cost as much as adding another room. However, homeowners should consider the usefulness and ROI of a remodel.
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Need to fix basement water problems or safeguard your home from damage in the future? Use this basement waterproofing cost guide to budget appropriately.
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The cost of installing a wine cellar varies based on square footage, the type of wine cellar or wine cave, materials used, where it is located in the property, and where you live. Use this guide to find how much your wine cellar will cost.
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Your sump pump is designed to remove water and prevent flooding. Find out which common causes may be responsible if your sump pump is constantly running.
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A finished basement adds valuable living space to your home. Learn how much value a finished basement adds to your home and what affects your return on investment.
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Jan 2, 2024
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Want to learn how to add a bathroom to a basement? Get a step-by-step guide on how to tackle a project of this size here.
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