Get matched with top basement remodelers in Bude, MS

Adding an extension or addition to your home costs more than a loft conversion in all but the rarest cases where the home's structural integrity is lacking. Because a home addition requires a new foundation section or significant structural upgrades to handle a cantilevered portion, the cost compared to almost any loft conversion is significantly greater for the same square footage.

It’s less expensive to finish your basement than it is to build an addition to your home. The average cost to refinish a basement is $32,000 (between $7 and $23 per square foot) while building an addition to your home costs $50,325 ($80 to $210 per square foot). Depending on the size of your basement and other factors, like moving plumbing and electrical, refinishing a basement is a more cost-effective option in most cases.

Making a window in a basement larger costs an average of $4,200. You’ll need to pay an average of $550 to have a structural engineer plan the project, $500 to $1,500 for the installation labor, and an average of $2,200 for the excavation and window well installation. The remainder will go toward pulling permits, installing trim, and repairing drywall on the interior.

Permits may be required for major repairs, structural work, or electrical and plumbing restoration after a flood. Check with your local building department to determine permit requirements and associated fees for your flooded basement cleanup project. Obtaining the correct permits helps ensure work is done safely and up to code.