What Will Your New Basement Remodel Cost?

Cost To Remodel a Basement

So how much is your basement remodeling project going to cost you?

For many homeowners, remodeling or finishing their basement is an excellent way to get more space in the home without taking up more space on your property.  As professional contractors one of the questions we are often asked is to give ballpark or “rough” estimates on the cost to complete a project.  In this case, were going to discuss the costs of basement finishing and what you can expect to pay.

Basement Remodeling Costs Are Based on Square Footage

If you’ve done a little bit of research before hand you may have found that other homeowners are paying anywhere from $30 – $100 or more per square foot of their newly remodeled basement.

So let’s use our imagination to come up with some measurements… Let’s say you have a 975 square foot basement.  If you’re paying in the mid-range of $50 per finished square foot you’re basement is going to cost you roughly $48,750.  That might seem like a large number to most homeowners, but remember this is a rough estimate and for a mid-range quality materials.

The price will go up as the scope of the project increases and the material choices get more luxurious. Like any other remodeling project the little details and materials will greatly affect the final project cost.

So for example your 975 square foot basement could easily cost you $87,750+ (based on $90 per sq ft estimate) if you are looking at lots of custom construction work and high-end material choices that will raise your price considerably. This is why sticking with a rigid budget, or allowing for a small cost overrun is an important part of your basement remodeling project.

Considering the cost to remodel or finish a basement is usually half what it costs for new construction or an addition, it’s a very attractive choice for most homeowners.

Remodeling My Basement Seems Expensive?

You may be already thinking the numbers quoted above sound very expensive? Maybe you’ve heard of someone else doing it for less, or another “professional” contractor offering to do it for much less. The pricing examples above (and they are only examples) would reflect having a true, licensed, insured professional remodeling contractor complete your project.

Everybody “knows a guy” that can probably do it for much less but is the quality going to be the same? Do you get a warranty? Do you get the knowledge of certified tradesman? Are you getting the materials you’ve specified? There are so many unknowns and this is why it’s best to choose a professional remodeling contractor.

Basements are not DIY projects and definitely not for someone who isn’t knowledgeable about basements (think about mold!).  We understand a good contractor usually costs more than what most homeowners are prepared to spend, most things worth having normally do. So lets look at this another way. Would you hire a life-saving doctor based off the lowest price? We wouldn’t either.

Your basement is a sensitive structural area of your home. One wrong move like removing a column, cutting a beam or chopping out a footing could cause the upper level of the home to collapse or become a code violation and you’re in for a very expensive repair bill.

Who Offers Basement Remodeling?

When you hire Mike’s Remodeling and Handyman for your basement finishing project you are hiring a general contractor as well as an experienced carpenter. We are on the job everyday and finish many basements in Massachusetts every year.

Basement remodeling can involve a lot of different trades- carpenters, plumbers, electricians, HVAC, drywall finishers and painters.

All of this needs to be organized by someone who understands the finer details of construction to keep the project on time and under budget. We’ll answer the phone when you call, provide you with the best quality available, and offer you the professionalism you deserve. Call or Email Mike’s Remodeling and Handyman today. Call: 781-983-4636

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