Average Cost for Basement

Many homes have a basement as part of their foundation. This below-grade area was typically used for storage or housing of HVAC systems and laundry machines. But they have grown in popularity as a way to expand the living space as well. Basements can now be finished bedrooms, theater rooms, playrooms, or home offices. They can include bathrooms or wet bars and be completely finished or partially finished to leave some room for storage.

With all those variables also comes a multitude of ways to finish a basement. Basement finishing systems are one method that can complete a space quickly, while custom basement refinishing can personalize the space.

Completing any basement project can have varying degrees of complexity and difficulty depending on size, location, and the final project goals. For a full basement remodel, expect labor costs to fluctuate substantially, with most professionals charging by the hour. You will likely need to pay for a plumber ($45 - $100/hr), carpenter ($70/hr), electrician ($65 - $85/hr), and flooring installer ($5 - $10/sq.ft.), with more complex jobs taking longer and costing more than simple projects.

$27,000 - $81,000
$1,100 - $3,200
$3,000 - $7,000
$800 - $3,500
$3,500 - $25,000
$10,000 - $50,000
$15,000 - $60,000