A recent article published by the National Association of Realtors stated that according to their research an average basement finishing cost was $51,000 with a return on investment of 90%. Our customers have invested between $8,000 and $35,000.
Obviously the size of the area finished and the materials used can greatly impact any basement finishing cost. The least expensive method used is the traditional wood studs and drywall. At least up front. Because basements are more prone to heavy humidity, and drywall and wood are very absorbent, these materials are havens for mold and mildew which cause damage. That damage will increase your ongoing basement finishing cost due to costly repairs over time.
The most expensive methods have been fabric covered fiberglass panels. This method was introduced about fifteen years ago and has recently seen a fall in popularity due largely to it's modular look.
Your total basement finishing cost can range from between $10,000 to well over $40,000, so it is important to first plan what you would like to accomplish and set a project budget. A "wish list" may help you to determine what you want and what you need to accomplish your goals.
For more information or a free consultation to evaluate the condition of your basement before finishing, call us at 1-877-321-4889.
