The average basement remodel cost is roughly around $6,000 to nearly $20,000, the return on investment is nearly always more than double that of a comparable house. So having a finished basement isn’t only good for entertaining guests, it is also very profitable to you because it makes a house feature that buyers desire. If you want to know how to do a basement remodel yourself, there are many good sources online or in your local area. You’ll want to make sure you get a contractor licensed and insured, and of course, follow some good construction guidelines.
For a basement remodel, you will mostly be making changes to the walls and floors, although I don’t recommend putting carpet down in the place where water will be present, it will rot and become very unhealthy. Another great option is using wood flooring, it can be painted and finished in a wide variety of colors and it is a fairly inexpensive option. Drywall is another option and is surprisingly durable and easy to install, there’s no need to replace it after years of use, a drywall remodel on your kitchen or living room floor is a great way to give your house a fresh new look. Other options for a remodeling project are doing hardwood flooring yourself or hiring a reputable contractor to do it.
One thing I will warn you about with basement remodel is doing a major upgrade to your plumbing, heating, electricity and septic systems, this kind of major overhaul usually requires a permit and will involve tearing up your basement floor. If you have crawlspaces, which I assume most of us do, then I would seriously stay away from doing a full remodel unless you’re an experienced basement builder. Basement remodels are great for those of us looking for that perfect personal retreat, and there are plenty of reasons why you should consider one, it can increase the value of your home and make it much more comfortable. Don’t underestimate the value of your home, many people will pay double the price for a smaller home because of the basement. Just remember that if you do choose to take on a basement remodel yourself, make sure you have all the necessary permits and know what you’re doing, if you mess it up, you’re going to be sorry.