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Anything having to do with the structure of your home, such as raising the ceiling, is usually the most expensive part of finishing a basement. Another project component that could be a surprisingly high expense is adding an exterior entrance. 

The cost of a walkout basement can be anywhere from $5,000 to $35,000.

Unless you have extensive experience in construction work, remodeling a basement is best left to a professional. There are several tasks associated with this project that require exact precision, including:

• Replacing insulation 

• Replacing carpet or other flooring 

• Adding heating and cooling

• Adjusting or adding walls and doors

• Altering or adding plumbing elements

If any of these elements is done incorrectly, it could severely impact the quality of your basement remodel and be dangerous. Changing a basement often comes with code safety requirements, like egress windows and proper ventilation. Therefore, leaving it up to a professional is often the best decision.

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.

You technically can paint wires in a basement ceiling, but there are several important safety and code considerations. It's safe to paint non-metallic sheathed cable as long as the labeling remains visible. You can also paint low-voltage wires and conduit and junction boxes to help them blend into your basement. 

However, you should not paint damaged or deteriorated wiring is a fire hazard because it poses a fire hazard. The same goes for painting over high-heat wires that connect to heat-generating appliances or systems. Be sure to avoid painting multiple coats onto any wires, as that traps heat and poses fire risks.