With a finished basement you can get an extra floor of space within your home that is perfectly placed for a spacious kitchen-diner that opens out onto your garden. Whether you convert an entire floor of living space or just some area dedicated to the way you like to cook, relax and enjoy a meal with family and friends, open it up to the garden with floor-to-ceiling glass doors to be filled with natural light and summer breeze on warm days.
Finished basements can command the same square footage price as other floors in a property, as they have become far more accepted over the last few years thanks to modern engineering and design. Keep in mind that having a kitchen or a bathroom in the basement may be contrary to the approved usage of the basement, so it is better to consult an architect on that.
How much will it cost to finish a basement? It depends on so many factors – size, finishes, plumbing, electrical. Before planning your project, get a free estimated from a local pro.
Most of these costs are dependent on the basement-finishing job and its needs. Take into consideration some unique challenges, such as groundwater and rain, moisture from the underground air and wrong ventilation system, leakage of radon.
Start with the local building departments for any necessary permits. The planning regime is likely to require planning permission, especially if it alters the external appearance of the house – like adding a light well, and involves major works.
Building regulations such as fire escape routes, electrical wiring, ceiling height, ventilation, damp proofing and water supplies are also required.
The cost to finish basement range from $30 to $75 per square foot. Keep in mind to add up the square footage of your basement and do a quick calculation to figure out the range. Prices can vary due to a number of factors, including your location, products used and your contractor’s experience. Both labour and material costs must be put together in an accurate budget. Besides, to minimize your expenses make sure of the following common costs: demolition works (up to $2,000), repair of existing foundations (up to $10,000), special permits (approximately $50), waterproofing(up to $7,000), services of contractors (from $15 to $150 per hour). On average, the cost to finish basement vary between $6,500 to $18,500 or even more for larger spaces.