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.
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.