Basement Remodeling Costs | HGTV

Basement Remodeling Costs | HGTV

Renovating a basement often comes with a hefty price tag. Learn more about the average basement remodeling costs, and how to determine the features that matter most to your home.

By: Caroline Shannon-Karasik

When you're planning a basement remodel, two large factors in the cost are how you plan to use the space and the extent of the renovations. A remodeled basement can be used for everything from storage to an office space to a place to entertain guests, making it the price range a varied one.

If a homeowner is seeking to make basic changes in order to renovate a basement, then it can cost as little as $1,000 - $6,000. This means the walls and floor will be waterproofed, then carpet, wall panels, upgraded flooring or improved lighting might be added to make a basement feel like a living space. The cost will depend on the initial shape of a basement, how many upgrades are made and whether or not a contractor is hired to make certain installations.

For homeowners who are seeking fully remodel a basement, then they will be aiming to spend anywhere from $30,000 to $65,000. The varied range depends on the extent of the renovations that are made to the space. The addition of bedrooms, bathrooms, exterior insulation, electrical wiring, plumbing, flooring, furniture, light fixtures and the help of a contractor will all cause an increase in the price. Of course, the cost to remodel a basement will also depend on the square footage of the space.

Amy explains how demolition of a wall opens up a space to views and light.

Amy suggests that renovation designs center on your personal passions.

Amy suggests architectural details be added for interest when renovating.

Amy explains that the biggest key to renovation success is in the planning.

Amy says to 'think color' when it comes to updating or renovating rooms.

Amy explains that a reface saves time and money over a total renovation.

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Basement Remodeling Costs | HGTV