How Much Should I Expect to Spend on a Basement Remodel?

How Much Should I Expect to Spend on a Basement Remodel?

If you’re thinking about remodeling your basement, the first question to ask is: How much does it cost to remodel a basement? The average cost of a basement remodel in Georgia runs between $6,500 and $30,000.

That’s a massive range! And we understand if those numbers are more confusing than clarifying. So, let’s dig a little deeper into how much a basement remodel costs.

Basement Finishing vs. Remodeling

Let’s start here because these are terms that confuse a lot of people.

Basement finishing is the process of taking a bare-bones basement and turning it into a more functional, or even livable, space. You start with concrete floors and walls, and usually no ceiling in place. In some cases, there is minimal electrical work and plumbing. Then, you pull in all the items needed to reach your goals: waterproofing, framing the walls and ceiling, adding insulation, finishing the floors, installing plumbing and electricity, creating rooms, adding light fixtures—you get the idea.

With basement remodeling, you start with a finished basement. This might be a fully livable space already, or it might have only been finished to the point that the outer walls, floor, and ceiling were taken care of. However, the goal is to transform the space, changing it into something better. Despite starting with more than you have with a finishing project, basement remodeling costs tend to be higher since they often require demolition, removal, and the creation of more intricate spaces.

The Cost of Basement Remodeling

There is no set basement remodel cost you can expect to pay. To find out the exact cost, you need to contact companies or contractors to come to take a look at your basement and discuss your goals. Some general guidelines for pricing are as follows:

  • The basement remodeling cost increases with your square footage.
  • The more rooms you want to create in your basement, the more you pay.
  • Major changes, like adding an exit, windows, or plumbing, will significantly increase the cost.
  • Your choices in finishes can raise or lower your bill.
  • Every contractor or company will set its own costs for labor with basement finishing in Cumming.

Ultimately, the cost of remodeling basements has a lot of variables, making the price dynamic. Don’t be afraid to get multiple quotes before you settle on a specific company or contractor.

We all have a vision in our head of what we want for the basement. That’s why it can be so hard to figure out how much you should spend on your remodel! It depends on whether you are looking for an entertainment space, office, or guest suite. To help with this dilemma, let us know what kind of remodeling project you envision and we will draw up a detailed estimate. Contact us today!