The average cost of basement renovations $35-$55, and this is per square foot. This means if your basement is 1000 square feet then it would cost you around $35,000-$55,000. This would depend on the upgrades and materials you choose for your basement renovation. In many homes, the basement is the area that offers great potential.
Next to kitchen and bathrooms, basements are ranked as one of the most valuable home renovations. The average basement remodel cost is $17,459, with most homeowners spending between $12,064 and $19,922. The cost of your basement finishing or remodeling job will depend on the size of your basement and the extent of your basement remodel.
Mike Holmes is one of HGTV Canada's go-to contractors and the host of Holmes and Holmes, Holmes: Buy it Right and Home to Win. A basement renovation is one of the most popular projects that homeowners undertake. Done properly, a basement reno can add value to your home as well as add extra
Expect cost of finishing basement to be $50-$100 per sqft (by contracting it out. No DIY) Recommendations typically say investment cost should be paid off in ~2 years to be worth it. Our space is roughly 900 sqft. To simplify the argument, let's take lowest cost: $50 per sqft, it'd cost us $45k.
For homeowners who are seeking fully remodel a basement, then they will be aiming to spend anywhere from $30,000 to $65,000. The varied range depends on the extent of the renovations that are made to the space.
Accounting for variables such as square footage, materials, electrical and plumbing, the average basement remodel ranges from $10,802 and $27,848. Some cost as little as $5,000, with top of the line remodels costing over $40,000. The average cost to homeowners is $19,223.