The cost of a basement is between 10 and 35 dollars per square feet. Let's say an average basement is 1, 000 square feet of finished space. So the cost of a basement is between 10, 000 and 35, 000. 10k if you're doing most of the work yourself and up to 35, 000 if you're hiring a contractor to finish your basement. Sep 27, 2013Cost of finishing a basement by contractors. Just wondering what is the going rate per square foot. Some people say it is 3040sq ft with a bedroom and washroom. So, roughly 25k to 30 for sq ft basement. Basement remodeling differs from finishing a basement space. Remodeling generally happens after the finishing projects have been completed and typically refers to the altering or changing of an existing space. Remodeling projects tend to cost homeowners somewhere between 10, 000 and 30, 000. This cost to finish a basement calculator is an excellent resource to help you determine cost based on square footage. With our online calculator, simply enter the square footage and youll receive an estimate of what finishing that space would cost. Home Renovation Estimate provides the most sophisticated online home renovation cost calculator and is totally free. Simply choose a project from the navigation menu on the left and get your home renovation estimate free online. Find Remodeling Contractors, Remodeling Companies, and Remodeling Estimates Be sure to use the basement cost calculator shown above to give you an idea of the cost involved to finish your basement yourself. The tool breaks down the cost for each of the major tasks involved into labor and materials. You can always save on cost by doing the work yourself. Cost of a Finished Basement The Breakdown. In Toronto, the cost of finishing a basement is somewhere in the range of 3570 per square foot. If your basement is 1, 000 square feet, youll pay at least 35, 000 (incl. labour, materials and design fees). Expensive Prices tend to be on average 1550 higher. These companies tend to represent brand names that dont offer. Oct 04, 2018My husband and I are planning to finish the basement, and would like to get an estimate of how much the cost will be if we have a basic finishing done! The size of our home is 2661 SQF. If you have any questions, please feel free to email me. Structure Modifications Renovations Foundation Underpin one corner of house 3, 000. 00 up Foundation Underpin or add 3, 000. 00 up Foundation Lower basement floor by underpinning 5, 000. 00 up Lower basement floor with bench footings 5, 000. 00 up Accounting for variables such as square footage, materials, electrical and plumbing, the average basement remodel ranges from 10, 802 and 27, 847. Some cost as little as 5, 000, with top of the line remodels costing over 40, 000. The average cost to homeowners is 19, 225. However, there are many benefits that come with hiring professionals, such as The Reno Pros. In addition to providing you with experts to complete a safe and quality basement renovation, a contractor can also provide you with a quote that outlines your basement finishing costs. Basement Finishing Cost Calculator. The Basement Cost Calculator below assumes that you are completing all phases of the finished basement work yourself. No contractor labor is included, just the material costs to complete your basement project are included in the cost calculator estimated price. The average cost to finish a basement is generally between 25 and 50 per square foot, but costs can go as high as 90 per square foot depending on how extensive the renovations are and the materials and labor you choose.