Finish a Basement: A DIY remodeling adventure!
Take all the steps to plan your basement remodeling project to get you started on a beautiful finished basement!

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Visit our project planning page to learn how to prepare to finish your basement whether you're remodeling your basement by yourself, or hiring a contractor to finish your basement
Visit our design page to see how we created our basement design, and for tips on how you can design the basement of your dreams
Check here for information on the tasks you'll need to complete to finish your basement. Complete with the lessons we learned as we remodeled our basement, and tips to help you avoid some of the mistakes we made.
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>Home >Project Planning >Establishing a budget

Establishing a basement remodeling budget

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basement remodeling budgetBasement 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.

Planning Topics

Getting started

Deciding what you want

Project planning tools

Establishing a budget

Hire a contractor? Or do it yourself?

Basement waterproofing

Clearing out the junk

Getting an education

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