Are you looking for an additional room inside your house? In that case, you can do a basement remodel on a budget to create another livable space in your house without breaking the bank.
Well, it’s never cheap to under a basement remodel, yet by planning and knowing some tips to stay within the budget, then you can definitely save.
If you’re planning on renovating this underground space for your family use, or for increasing the resale value, then this read is good for you. Let’s talk about it.
How much is it to remodel your basement?
There are a lot of factors that you need to consider when planning on your basement remodeling project. Some of these variables include square footage, amenities, plumbing, layout, framing, contractor, and materials.
So far, the average budget for a mid-range basement reconstruction is around $10,000 to $30,000. As a rule of thumb, your cost for finishing your basement is 10% to 15% of the overall value of your house.
Say your house has a value of $550,000, so your budget for basement remodeling is between $55,000 to $82,500. You need to stay within this price to make your project cost-efficient.
What is the average return for your budget basement remodeling?
Luckily, the money you’ve put on for renovating basements won’t be thrown away since it’ll increase the resale value of your property. Basically, if your basement contractors have done well in adding the right layout, amenities, and style, then your estimated return is within 50% to 70%.
If you’re planning on selling your home within five to ten years, then your basement design ideas must meet the taste of your target customers. Likewise, you need to look into the other designs of the homes near you, so you know where you are standing in the market.
9 Budget Basement Remodeling Ideas
Here are the best basement remodeling tips you can adopt for finishing your basement at an affordable price.
#1 Work on your wall, ceiling, and floor
If there’s something you need to focus on your basement reconstruction, then that will be on its structure. If you avail of basement remodeling service, then make sure that your contractor checks on the structure of your basement.
The design of your basement follows once you’ve made improvements to the structure. So far, the average cost to finish a 2,000 sq. ft. basement is around $15,000.
#2 Renovate a portion of your basement
If you’re on a tight budget, then it’s fine if you just renovate a fraction of your basement and not the entire area. Say your basement is 2,000 sq.ft., you can just reconstruct half of it first, then prepare another money for the remaining half later.
#3 Re-paint your ceilings and walls
Your basement is located underground, so there’s less light coming in, which adds to the cave-like ambiance. To reduce that creepy feeling, you can paint your walls and ceilings with white or any neutral palettes.
This will enhance the brilliance and airy atmosphere inside your basement space.
#4 Construct Smart Storage Compartments
Besides moisture, you can experience dust problems inside your basement, and it can run over your entire belongings. To prevent that, you need to tell your contractor to construct smart storage like wall-hung or corner cabinets.
#5 Install Enough Lighting
Avoid making your finished basement look dark and creepy since it can ruin its entire reputation. For an affordable budget, you can install LED recessed lighting in your basement remodel. This will improve its spacious and airy atmosphere.
#6 Dedicate a corner or a wall for children’s creativity
You can also save on interior designing by dedicating one wall or corner for your children to decorate. Give them the freedom to splurge it with their preferred colors and designs.
Nevertheless, remind them of the don’ts and do’s on your newly finished basement.
#7 Don’t spend so much on your floors
There’s a high risk of leaking or flooding inside your basement, so we recommend that you don’t spend too much on your basement flooring. Go for those flooring materials that are easy to install and moisture resistant.
Some of these excellent materials are carpets, tiles, or engineered hardwood. All these flooring options are easy to maintain and install. Likewise, they all come at an affordable price.
#8 Paint your Concrete Floors
If you intend to keep your concrete basement floors, then eliminate their subtle looks by splashing them with colors. You can use any neutral colors so that they can reflect your lighting and improve the vibrant aura in your basement.
#9 Do Some of the Works
If you want to save on the labor cost, you can actually handle some of the light work in your basement remodeling. These can include paint jobs and other interior designing tasks, which don’t require too much carpentry skills.
Look for A Remodeling Contractor for Your Budget Basement Remodel
Even when you want to save on cost, you will still need to hire a remodeling contractor to make your project cost-efficient and to avoid mistakes in basement remodeling. If you’re still looking for one, then Fairfax Kitchen and Bath is your best choice!
We have over seven years of experience in the industry, and we’ve done plenty of home improvement projects in Northern Virginia, Maryland, and DC. Our designers and contractors are all licensed and bonded to work on achieving your dream basement remodel.
You can visit our showroom in Fairfax VA, so you can get inspiration for your basement remodeling ideas. We also recommend that you email or call us today, so we can have an initial communication regarding your needs and wants for this project.
Additionally, you can avail of our free estimate and design services, so you can have an idea of the possible outcome and budget for recreating your basement.
You can contact us anytime to ask for a free estimate and booking appointments or check us on Twitter!