How much to finish basement?

1/26/2014 at 7:13:32 PM

Basements have alot of variables to take into consideration when pricing a renovation. More than most other areas of the home. With basic finishes and a very basic bathroom provided the plumbing drains are already in the proper location, look to spend anywhere from 15 to 25 thousand dollars. I am looking at it as if there is nothing but a bare space with no framing and no electrical.

If there is an existing room and it just needs drywall and trim and paint then you are looking at 5 to 15 thousand dollars.

Jeff hayes contracting

1/26/2014 at 7:36:38 PM

Hi John,

As another contractor has mentioned, there are a lot of variables that can effect the price for what you are looking for. Breaking up the concrete and changing locations for the shower, and sinks drain. Location and drainage for the toilet. Proximity to the stack.

Your bathroom can run from 4,000.00 to 6,000.00. (Less the fixtures you supply)

The room with the closet can run from 8,415.00 to 12,120.00.

If you have a laminate floor, you should add Dri-core sub floor or a similar product. Add another 250.00 for that.

No one can give you an accurate price without coming out and discussing the details, look at the site and then work out the numbers.

Hope this helps.

James Fram

1/26/2014 at 7:45:37 PM

Electrical can range from $2000-$4500 to meet bare minimum requirements and permits applied for with inspections and a fully licensed electrical contractor which is mandatory for any new or renovated electrical work done in Ontario.

Do you homework on the electrical contractor and ask for their ESA number www.esasafe.com to check their status.

Do not get an electrical permit for another person, if they cannot get the permit, they are not licensed and insured. Even a journeyman electrician is not allowed to work without permits and they cannot get permits without working for a licensed contractor.

This will ensure you have 1; a master electrician, 2; WSIB, 3; $2Million liability, 4; warranty, 5; a pre-authorized professional contractor who will not put your home at risk to fire and electrical hazards.

Build safe, hire licensed people for their respective trade.

Gas, plumbing, HVAC and structure support must be done by professionally trained people. (Anyone can buy a role of wire and copper plumbing pipes, certified people will proudly show their licenses and related papers to you with a contract stating what you get).

Good luck.

Robert McKinnon (Master Electrician/Owner)

Electrilight Ltd.

1/26/2014 at 7:50:47 PM

Your looking at $10-12K without hiccups. Read the other posts ???

But would need to see basement layout first !!!

Regards,

Walter

360 Contracting

1/26/2014 at 8:07:58 PM

Hi John,

We could say $6000 for the room and $5000 for the washroom.

Prices would be confirmed after the site visit.

Regards,

Mike

1/26/2014 at 8:57:13 PM

To put it simply, with out seeing the basement and asuming its just a basic basement with one room and a bath room a conservative price would be 15 - 25 thousand.

But there are many things to consider when looking to finish a basement that may bring you above that estimate. First you would have to evaluate the condition of existing foundation to make sure no moisture would be penetrating the area, how you will insulate the basement, if you will be needing a subfloor system installed, how much lighting you will require and the location of lights also if you will be using resesed or not, also the finishes you would like in the basement such as trim and so on along with custom additions such as built ins, speaker system, bars etc.

Your safest bet is to have at least 3 reputable contractors have a look at the basement taking into account all the requirements you would like in the basement and have them provide you with a detailed quote.

Abel Demetriou

1/27/2014 at 5:06:57 AM

We generally allow $25-40 per square foot to finish a basement, however as everyone has mentioned there are a lot of variables that need to be considered and the only way to get an accurate price is to do a site survey and verify all the details with the client. The numbers provided are for budget purposes only.

Mark.

1/27/2014 at 8:07:00 AM

John,

I do not quote blindly. There are many factors involved in renovations. You have permits, plans, insurance and design.

So my answer to your question is set up an appointment with a contractor to start the process.

Regards,

Thatcarpenter