How Much Does it Cost to Remodel a Basement? | Bedford Hills Real Estate

Average reported cost:
$23,073
based on 233 cost profiles
Most homeowners spent between:
           $19,605 –            $26,541
Minimum cost:
$9,200
Maximum cost:
$44,640
We are still gathering data for this location.
Average reported costs:
Most homeowners spent between:
National
              $19,972               based on 2,672 cost profiles
          $16,979 –           $22,965           based on 2,672 cost profiles
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New York
              $19,947               based on 156 cost profiles
          $16,836 –           $23,058           based on 156 cost profiles
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Tell us your location to find local project cost data
New York, NY
              $23,073               based on 233 cost profiles
          $19,605 –           $26,541           based on 233 cost profiles
We are still gathering data for this location.           Try changing location above or choose another project
Tell us your location to find local project cost data
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Remodeling your basement is a big job potentially involving many different parts: moving or adding walls, installing floors and window coverings, and furnishing. While it is difficult to predict the exact cost, there are general factors to consider before starting the project.
Square footage

The size of your basement is a large factor. Some homeowners only remodel part of their basements to curb total remodeling costs. Any project with a large square footage will be more expensive as it means more materials and longer construction time.  Continue Reading

Materials

For a basement remodel, you’ll have to consider walls, ceilings, flooring, lighting, and insulation. If you’re adding a bathroom, then you’ll deal with installing countertops, cabinets, a toilet and even a shower or bathtub. All of these options mean various price ranges, depending on the types of materials selected. It’s important to figure out your budget and then choose the most important aspects to focus on for the remodel.

Electrical

Your basement will likely need to be fitted with additional wires to support more lights and electronics. You will need to hire a licensed electrician if you plan to install additional overhead light fixtures, outlets and other components that require additional wiring.

Plumbing

If you’re adding a bathroom, then you’ll need to hire a licensed plumber to install the necessary elements. The more you decide to install in your bathroom, the higher the bathroom remodeling costs will be. Adding a shower or bathtub might be necessary if you plan to use the basement as a guest suite. Otherwise a half bath may be perfect if the basement is used as a living or family room space.

Resale Value

Adding a bedroom or another living space to your home might cost you a lot by the end, but you will see a return on your investment when you go to resell your home. Having another room adds value to the house, which means someone will pay more for your home when it comes time to put it on the market.

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