How much does it cost to renovate a 1200 sq ft basement?

The high cost is $100,000 for a complete remodel of a 1,200 sq. ft. partially finished basement, including a theater room and bathroom with flooring and lighting upgrades.

Is finishing basement a good investment?

Finishing a basement can be a good investment. According to cost versus value surveys conducted annually by Remodeling magazine, the average return on investment for a basement project nationally is currently around 75 cents on the dollar.

Is finishing the basement worth it?

In the United States, on average, finishing a basement will give you a return of 70 to 75% of your investment. For example, if you spent $1,000 on improvements, it would increase the value of the property by about $700. If you spent $10,000 on improvements, it would increase the value of the property by about $7,000.

How much does it cost to put bathroom in basement?

Adding a bathroom in a basement costs $8,000 to $15,000 on average. You’ll save $500 to $1,000 if you have a rough-in drain already in place – typical in newer homes and usually near the main drain line.

Who is the best contractor to Remodel Your basement?

Compare quotes and choose the best pro for the job. So you’re thinking about remodeling your basement? We’ve got basement contractors near you who can help you with the job. They can help you turn that unused or underused space into the home theater, playroom, man cave, fitness area, game room, or extra living space of your dreams.

What should I do with my unfinished basement?

In a completely unfinished basement, the floor may be concrete, the walls concrete block or bare studs, and the ceiling joists of the floor above. Once the major surfaces have been installed, the area can be remodeled just like any other area of the home.

What should the ceiling look like in a basement?

A fresh coat of white ceiling paint dials up the light by reflecting ambient as well as the artificial light from the industrial-look ceiling fixtures. Continue to 17 of 20 below. A finished basement is not always the same thing as a designed basement. Sometimes, the basement begins with the basics: walls, a ceiling, lights, and a floor.

Do you have to pay general contractor for remodel?

Trust is a 2 way street between contractor and customer but that doesn’t mean I’ll pay for their remodel.

Do you have to pay up front for home remodeling?

Otherwise, leveraging the contractors money would come at a cost. It is recommended not to pay the entire job up front. A significant portion of the money should be held by the homeowner until the project is completed to his/her satisfaction and according to the original written agreement.

Why do I need to pay my general contractor?

That money is to pay employees, suppliers and our attorneys should the need arise due to a late payment, bounced check, or lack of payment altogether. All of which do happen to anyone in business long enough.

How does a contractor work with a homeowner?

On larger projects, the contractor may ask for a draw schedule. Here, the homeowner makes payments as the work progresses. This may be represented as a percentage or dollar value. This draw schedule should be detailed as to exactly what work is to be completed and how much and when the next draw is due.