Basement projects are similar to refinishing a car. It can be done as a DIY project which will cost you more time and money, or have the professionals do it for you for about what you would have spent anyway. In a recent article I will show you how basement remodeling is more affordable than you think and 5 tips that will help you save time, money and worry.
Building a basement can be very rewarding and give your home a nice finished look. However, most basements require some sort of foundation to support the walls and the overall structure. This is an exciting step of the building process since this is where you improve your current foundation’s strength and durability.
The average cost to build a basement is $95,000. This includes all costs, from foundation work to the framing and insulation. The average cost for the labor is about $75,000 and materials are about $20,000.
The cost of building a basement depends on many factors, including what you want it to be used for, how much space you need and whether you want it to match the style of your house or not.
If you’re looking at building a basement bar or rec room, expect to pay an average of $20 per square foot for labor and materials. This figure can be higher if there are any special features required or if your project requires custom work. If you just want a basic basement with no frills, then expect to pay closer to $12 per square foot.
The average cost to build a basement is $6,000 to $20,000 in 2018. Cost will vary depending on the size of your basement and the quality of materials you choose.
Average Cost to Build A Basement
The average cost to build a basement depends on several factors. The first thing that affects the final price tag is the size and shape of your project. If you’re building a large addition with multiple rooms, expect to spend more than if you’re simply adding a small walk-out room or finishing off an existing space.
The second factor is whether or not you plan to finish your basement with drywall, insulation and other interior finishes or if you intend to leave it unfinished for storage purposes only. If you want to live in your finished basement, it will be necessary to add electrical wiring, plumbing fixtures, flooring and other finishing touches before moving in.
Finally, there’s also the issue of hiring professionals versus doing it yourself (DIY). While there are plenty of do-it-yourselfers out there who can save money by installing their own drywall and laying down tile floors themselves, most people don’t have the time or expertise required for these types of projects. For most homeowners looking for a complete basement remodel package
The average cost to build a basement is around $30,000, according to Remodeling magazine. That price includes all the materials and labor. You may be able to spend less or more depending on the size of your basement, how much work you want done and whether you’re doing it yourself or hiring a contractor.
The cost will also depend on whether you’re building a new home or remodeling an existing one. For example, if you’re building a new house with one-story basements that are part of the living area, expect to pay less than someone who is adding a finished basement with two stories and a separate entrance from the exterior of the home.
Basement remodels can range from simple projects like finishing off unfinished space by adding insulation and drywall or installing new cabinets and flooring up to major projects like installing complete utilities including plumbing and wiring in addition to all the finishing touches mentioned above.
If you’re looking for ideas on how to transform your unfinished basement into an attractive living space consider these options:
Finish off an unfinished space by adding insulation and drywall along with other finishing touches like flooring, lighting fixtures and ceiling treatments;
Install complete utilities including plumbing
The average cost to build a basement can range from $30-$50 per square foot. This is an approximation, however, because the amount of work required to dig the foundation and pour the concrete will vary based on how much dirt you need to move, how much rock you encounter, and whether you’re building a basement from scratch or are converting an existing structure into a basement.
The following factors can affect the cost of your project:
Dirt removal: If you’re converting an existing structure into a basement, then some of this work may already be done for you. If not, then expect to spend about $1-$3 per square foot for soil removal if it’s done by hand or about $5-$10 per square foot if it’s done using heavy machinery such as tractors with augers or backhoes.
Excavation: This is what it costs to dig out the hole where your foundation will go — whether it’s going below ground level or above ground level depends on how far down into the earth you want your house’s footprint to extend (see below). Excavation costs range from $15-$20 per cubic yard for digging out dirt by hand or $20-$30 per cubic yard for excavating with heavy machinery
The cost to build a basement in your home depends on several factors. It’s easy to look at the size of the basement and how much you’re willing to spend, but this is just a starting point for your budget.
The cost of building a basement depends on:
Size of the basement. The larger the area, the more expensive it will be to build.
Location of the basement. If it’s located on an upper floor, it will be more difficult and expensive to access than one that’s on ground level.
Type of foundation. There are several options for building foundations, each with its own set of pros and cons. If you’re planning on building a freestanding structure, like a garage or office space, you’ll need to choose an appropriate type of foundation system for that purpose.