Basement Finishing Plans
Basement Finishing Plans

I have a 1600 square foot basement I'm planning on finishing this summer. I'm curious how much it would cost.
My husband plans to do most of the work himself. We are planning on three bedrooms, one full bathroom, and a large family room. Any input would be helpful so we know how to plan a budget. Thank you in advance.
Hi Philys. I am a semi-retired renovator and home builder and depending on the quality you intend to go with it can range from about $12.oo to 40.oo per square foot. If you want a fairly accurate cost you can draw up a set of drawings for the plans you have for the space and take the drawings to a reputable Lumber Yard, Lowes, or Home Depot and they will do a Material List or Bill of Materials. This will be an excellent source for budgeting your project or take with you to the bank for a renovation loan if you require one. The Bill of Materials does include labor costs, but you can use the drawings or plans and have the sub-trades give you a quote but remember to have them guarantee that quote for 30 or 60 days and ask them the sign it. This will guarantee you that they will not raise their price if you give them the job.
Renos911 c/o Carlos. I am from Ontario, Canada but this is an industry standard in the US as well.
Planning Your Finished Basement
Planning your project can seem overwhelming so make sure you do the following to ensure you will get the most enjoyment out of the end result;
First: get a professional design
Next: Hire a company with genuine design and construction expertise
Why?
1. Enjoyment: You want to get full use and enjoyment out of your completed project. When most people think of basements they think of cold, dark, dusty storage spaces. The first secret of finished basement success is to come up with a design that makes you feel excited about going downstairs. It shouldn't be just a basement but an extension of your home, another living level! When the project is finished you don't want to feel like you are in "a basement".
2. Resale Value: If you are finishing your basement you are probably not planning on moving soon but you always want to consider the resale value of any home improvement project. The factors that most influence finished basement resale values include how well your lower-level space complements your main living areas and key features like bedrooms and bathrooms.
3. Getting the Best Deal: Ordinary people and experts alike will tell you to get multiple bids to make sure you are not getting ripped off. That is good advice, but you do need to be careful that the bids are comparable. Just like when you purchase your home, there can be a $40,000 difference in the home you and your neighbor with the same model purchased, because of upgrades, quality of materials, etc. If you need help determining how to compare bids we are happy to help!
4. Avoiding change orders: Make sure your design includes 3d elevations and renderings. What happens above the floor is extremely challenging and important! Designing a basement always poses the challenge of hiding beams, poles, soffits, HVAC, etc. and a good design will conceal those and make it obvious of the things you were trying to hide after it is finished. 2d elevations and hand sketches make it harder and almost impossible to ensure you are doing just that. If you are not using a 3d design you may not discover those problems until it's too late.
5. Hiring a company with experience in design and construction: Great designs take experience, skill and a good attitude. When you give into the temptation to hire the lowest bidder you might be sacrificing a good design that you will be happier with in the end. Also, the lowest bidder a lot of times is just that, just to get the job. Then they come back later and ask for more money because they didn't include necessary things in their bid. This is another reason to look for a 3d design.
Visit The Basement Remodeling Company blog for more tips about basement finishing.
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VMP SCFR-1 Suspended Ceiling Finishing Ring Kit SCFR-1
The SCFR-1 is an easy to use finishing ring that easily clamps around both 1.5" NPT pipe and VMP ceiling...
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