Hi there. I am one of those first-time homebuyers in the Bowmanville area, my sister and I bought a linked house together. We were thinking of asking the builder if they can finish the basement. I don't know if it's a good idea, I have yet to read more articles about it but I am really drawn to having our basement finished for the reason that we only have three rooms in the second floor. I have three kids so we need an extra room in the basement. Can you please tell me what to expect if I push though with my plan on finishing my basement during construction. And also, how much would a finished basement with one bedroom and three-piece bathroom cost me?
Thank you so much.
You should be waiting for the house to settle if is a new building before you finish the basement, that being said i can't tell you how much exactly will cost in Toronto am from Edmonton, but here is about from $40/sqf material and labor hiring a good experienced reliable contractor.
Now here are some tips
Ask for references
Pictures and if possible a walk through of current or recent jobs
Ask for licence and insurance
NO DOWN PAYMENTS
Try to work on a payment schedule base on completed stages
This will save you a lot of troubles and risks of getting rip
Ask for warranty on Craftmanship.
Get at least 3 quotes from different companies
The home builder has more knolage o your home and it's a good ised to have them do it , however the cost will be most likely higher then hiring private .... the builder will charge premium rates as a private company will bit rate your project. The cost depending on permits for electrical and plumbing will very on the contractor .. hiring private doesn't garentee your job will be done correctly or by code.
Cost of an available basement 1200-1800 sqft with 8' ceilings should run you between $15,000 - $25,000 again depending on your wants for flooring, framing etc.
It is hard to give you a solid estimate with out knowing square footage and preferred specifications...
You can expect framing for dry wall and wiring for light fixtures/outlets.. Also some plastic under lay for flooring + flooring it self. Trim it all up and it's done..
it most definitely make your home more comfortable and also worth more..
As for cost get me square footage ando I'll do what I can for you.
It will be worth the cost to finish your basement. Firstly and most important If your basement floor is not poured yet, do the rough plumbing for your bathroom. This should run you between $ 1,800 and $ 3K. If you have to break up your floor for the plumbing you're probably looking at between $3K & $5K.All depended on your sq. footage , where you want your bathroom & various finishes you may want. You could be looking at between $25K to $40K depending on many factors. Get at LEAST 3 detailed Estimates. Go either through " TrustPros" or The Better Business Bureau or Chamber of Commerce in your area. Get and check references. Only pay Max.10% deposit ( unless it's for windows & Cabinets ) Progressive payments are the best solution for all. Look at Insurance & be sure it's a Licensed Plumber & Electrician . You can save if you buy a lot of the material yourself, the only drawback however is you may not get the full warranty if any on that item Expl: (Toilet, Lights) Only Labor. Word of mouth is good.
Do your homework....good luck!
As much as mows the time, I would recommend working with a private contractor for your basement. At least get some prices. I would fear that your builder may price it as an inconvenience that interferes with their volume production schedule. I could be wrong, so getting comparative quotes is always a good idea. Then you at least have something to weight it against when evaluating your options. I wouldn't be surprised when the bill hits 40k - but it largely depends on size and finishing selections.
If you have any further questions do not hesitate to ask
Some of the professionals said that let the house settle. If your house has New home warranty then it says that structural cracks are for 7 years. You can ONLY see it if its not covered.
Now if you cover it and there is a crack and leak you land up opening up all the work done and builder will NOT cover that cost.
Its up to you what is more important and how badly you need that space.
The cost would be starting from 30K depending on several factors and finishes.
Hope that helps.
Call me on 647-866-7869 if you have any further question.
Finishing your your basement and utilizing the space is always a smart idea. Although going through the builder as some of the other pros have stated, you will pay top dollar.
If hiring the right contractor to do the right job to code, you can save thousands. In regards to waiting for the house to settle, from our past experience a major factor has been what the house was built on. Example, some of houses are built on sand, some on rock, and stone and back fill. Thus not seeing any cracks in the floor or foundation right away or even up to 2 years later.
You would be looking in the price range of $18,000 to $30,000 in cost depending on the sqft, & finishings.
You can ask the builder however most of the time will say no. At the same time you can invite 3 contractors to show them the place even if its not yet completed and get a price. Choose whatever contractor you think is good for you and get him ready to start as soon as the builder is done to get it done soon.
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