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It may not come as a surprise that the kitchen is the most expensive room in the house to renovate. This is due to the expensive appliances like the range, hood, and fridge, but also because the bones of the room—like electrical and plumbing—are expensive to move or replace. While there are ways to renovate a kitchen on a budget, it will always carry a hefty price tag, even if you cut some corners.

Common mistakes when finishing basement walls include neglecting proper insulation, insufficient moisture management, and poor ventilation. Not addressing these issues can lead to mold growth, water damage, and discomfort. Additionally, inadequate planning, improper framing, and rushing the project can result in subpar outcomes. 

It's essential to follow best practices, seek professional guidance if needed, and prioritize thoroughness and attention to detail.

Although it’s not required, air ventilation in a finished basement can help improve the air quality, prevent moisture and mold issues, keep musty odors away, and also maintain the air quality throughout the rest of your home. Proper ventilation will help maintain the value of your investment in finishing your basement. Try basement ventilation methods like installing vents or a dehumidifier for best results.

It costs an average of $32,000 to finish a basement, and most projects total between $15,000 and $75,000. If you just want to make the space look a bit nicer and don’t need to convert the basement to legal living space, you could spend as little as $3,000 to install drywall and flooring. On the other end of the spectrum, your costs could rise to $100,000 if you want to make structural changes to the space, repair existing structural damage, waterproof your basement, or install a kitchen and bathroom along with living space.