Are you overpaying your contractor? Our company finished a 1, 000squarefoot basement for 27, 000. To keep costs low, we salvaged as much as we could from the old basement and chose standard products rather than custom. Call a remodeling company if you're ready to take the plunge. They specialize in basement renovations and will ensure your new space is modern and fresh. Some basement finishing systems will also install the same types of panels on the ceiling as they do on the walls, for a cost of 20, 000 to 30, 000. A paneled ceiling or suspended tile ceiling costs around, and still gives you access to the pipes and wires above. The average cost of basement renovations 3555, and this is per square foot. This means if your basement is 100 square feet then it would cost you around 35, 0055, 00. This would depend on the upgrades and materials you choose for your basement renovation. In many homes, the basement is the area that offers great potential. I had an architect comment on a basement he planned for someone else: For the cost of THAT, I could have built a house. You will see what NZers call a basement on a sloping section. Not what a European would recognize as basement. Nationwide, basement remodeling costs average 52, , 974 for a project which includes a 20x30foot entertaining area with wet bar, a 5x8foot full bath, 24 feet of partition to enclose a mechanical area, painted walls, ceilings and trim throughout, exterior insulation, doors and electrical wiring, according to the annual cost vs. Jan 18, 2018Basement renovation costs will include earthworks foundations. Excavation means removing dirt and concrete and making new concrete footings below the existing ones then pouring a new concrete slab floor. 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. Find Remodeling Contractors, Remodeling Companies, and Remodeling Estimates The average basement remodel will increase your homes resale value. Next to kitchen and bathrooms, basements are ranked as one of the most valuable home renovations. The average basement remodel cost is 17, 459, with most homeowners spending between 12, 064 and 19, 922. Renovating a basement often comes with a hefty price tag. Learn more about the average basement remodeling costs, and how to determine the features that matter most to your home. 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.