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Establishing a basement remodeling budget
Basement remodeling is one of the most cost-effective ways to improve your home. You can transform it from a storage area to quality living space. How much can you expect to spend? How much can you afford to spend? Depending on where you live, and the amount of custom features, expect to spend from $25 - $40 per square foot to have the job completed. If you do the work yourself, expect to spend about half that amount on materials.
Basement remodeling budget considerations Some other things to consider when planning your basement remodeling project: Will you need custom cabinetry or other fancy options? These can add a substantial amount to your costs. Will you be paying cash, or getting financing? Remember the interest on a home equity loan is tax deductible! Unless you have a well-stocked work room, you can expect to spend several hundred dollars on tools and supplies. You need to factor that in to your total cost. If you hire a contractor, you'll probably need half the money up front. If you complete the project yourself, you can pace your spending by puchasing materials as you need them rather than spending the money all at once.

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