A finished basement is not a commodity. Making a decision about who will finish your basement solely on price is a mistake. To help you better understand this, keep in mind that all legitimate basement contractors have very similar, if not identical, cost structures. What one company pays for flooring, granite, carpenter labor, etc. is very similar to what other companies pay. And what a customer pays for a finished basement is the sum of all labor and materials plus the builder’s margin. Market forces keep all of these costs in check, so it makes sense that comparable “bids” (scope/design/price) should be very comparably priced. Our experience and customer feedback over the last ten years has proven this to be true over and over. While we understand that cost is very important, quality results, a pleasant project experience, and predictable costs are what is most important to most customers.
Our approach offers a traditional consult/design/build approach to developing a design/scope of work and associated price for your project. With this approach, the cost of your remodeling project will depend on your specific requirements and the resultant design. However, because we focus on value, utilize our creative design skills, and work hard to meet a customer’s budget, our projects are typically priced less than the local averages for comparable projects. Local industry average project pricing is provided here for your reference.
According to Remodeling Magazine’s “2014 Cost vs. Value Report” the average cost in the Atlanta area to finish a basement is $62,640 which includes:
Finish the lower level of a house to create a 20-by-30-foot entertaining area with wet bar and a 5-by-8-foot full bathroom; construct 24 linear feet of finished partition to enclose mechanical area. Walls and ceilings are painted drywall throughout; exterior walls are insulated; painted trim throughout. Include five six-panel factory-painted hardboard doors with passage locksets. Electrical wiring to code.
Include 10 linear feet of raised-panel oak cabinets with laminate countertops, stainless steel bar sink, single-lever bar faucet, undercounter refrigerator, and vinyl floor tile.
Include 15 recessed ceiling light fixtures and three surface-mounted light fixtures, and a snap-together laminate flooring system.
Include standard white toilet, vanity with cultured marble top, resilient vinyl flooring, two-piece fiberglass shower unit, a light/fan combination, vanity light fixture, recessed medicine cabinet, towel and paper-holder hardware.
Keep in mind that the majority of our basement projects include a higher end finish than what is described above (e.g. porcelain tile in bar and bath vs. vinyl floor, granite tops in the bar, etc.). However, our typical project costs are less than this average for the north Atlanta market.
A typical R&S basement project includes over 1,000 finished square feet (as opposed to just 600 described above) a site built tiled shower in the full bath, a bar or kitchen, a mixture of can and fixture lighting, a nice trim package including crown molding, cased openings, etc., a dedicated Trane™ HVAC system, and high quality/low maintenance floors throughout. While our projects are always priced per the specific design and scope of work, the typical R&S basement project ranges from $50,000 to $55,000, thousands less than local industry averages!