Categories: Bedford HillsWestchester NY

How Much Does it Cost to Remodel a Basement? | Bedford Hills Real Estate

Average reported cost:

$23,073

based on 233 cost profiles

Most homeowners spent between:

$19,605 – $26,541

Minimum cost:

$9,200

Maximum cost:

$44,640

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Remodeling your basement is a big job potentially involving many different parts: moving or adding walls, installing floors and window coverings, and furnishing. While it is difficult to predict the exact cost, there are general factors to consider before starting the project.

Square footage

The size of your basement is a large factor. Some homeowners only remodel part of their basements to curb total remodeling costs. Any project with a large square footage will be more expensive as it means more materials and longer construction time. Continue Reading

Materials

For a basement remodel, you’ll have to consider walls, ceilings, flooring, lighting, and insulation. If you’re adding a bathroom, then you’ll deal with installing countertops, cabinets, a toilet and even a shower or bathtub. All of these options mean various price ranges, depending on the types of materials selected. It’s important to figure out your budget and then choose the most important aspects to focus on for the remodel.

Electrical

Your basement will likely need to be fitted with additional wires to support more lights and electronics. You will need to hire a licensed electrician if you plan to install additional overhead light fixtures, outlets and other components that require additional wiring.

Plumbing

If you’re adding a bathroom, then you’ll need to hire a licensed plumber to install the necessary elements. The more you decide to install in your bathroom, the higher the bathroom remodeling costs will be. Adding a shower or bathtub might be necessary if you plan to use the basement as a guest suite. Otherwise a half bath may be perfect if the basement is used as a living or family room space.

Resale Value

Adding a bedroom or another living space to your home might cost you a lot by the end, but you will see a return on your investment when you go to resell your home. Having another room adds value to the house, which means someone will pay more for your home when it comes time to put it on the market.

http://www.homeadvisor.com/cost/basements/remodel-a-basement/?m=homesense&entry_point_id=26817140

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Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.