What is the cost of a basement renovation?

Basement renovation costs is one of those questions that needs to be answered on a case-by-case basis. But we do want to give you some guidance as to what you can expect from typical types of basement renovations.

Example 1

Existing basement: Roughly 800 sq. ft basement in a relatively new building with cement floors, studded exterior walls with builder installed insulation, 8 ft ceilings with moderate amounts of duct-work, electrical panel with available breaker space and “roughed in” plumbing in general location for the bathroom, basement window of the appropriate size for bedroom. Project Scope: One bedroom, 3-piece bathroom (vanity, toilet, and shower), closed off mechanical room, all electrical by code plus pot lights, all plumbing by code, framing for all rooms, bulkheads and ceilings. Drywall on walls and ceilings, partition doors, window, door and base trim, paint, vinyl flooring. All accessories. Cost Estimate: With labour and all rough materials, you are looking to spend upwards of $35,000. For the choice of your finish materials, you will spend roughly another $4,000 to $6,000. So, in total, a project like this can cost you roughly $41,000. You are roughly spending $51.25 per sq. ft to have 800 sq. ft of finished living space. In contrast, if you take the cost of construction of a new home, for the year 2020, the prices have started at $250 per sq. foot. That does not include the acquisition of the land.

Example 2

Project Scope: Around 2010, we completed a huge basement project. It was over 3,000 sq. ft. of living space. It included a 3-piece bathroom, two bedrooms with one having a window enlargement and exterior interlocking to dress it up, gym room, office, kitchen, living room with a huge amount of custom built-in cabinets, and a gas fireplace covered in decorative stone. In addition, there was a laundry room with custom built-in cabinetry, floors were finished with tiles, laminate, and custom hardwood stairs to the basement. All in all, it was a massive project that took us close to 6 months to complete from start to finish. Every possible trade was involved—electrician, plumbers, framing and drywall, as well as finishing carpentry. Cost: The total project including all finished materials cost around $250,000. It was a second house. The project cost was in the range of $85 per sq. foot.

How to Estimate Your Basement Finishing Project Costs and Timelines

As you can see from the examples above, prices may vary depending on what you are looking to do with your basement, and what type of finish materials you are looking for. We generally do not price these types of projects on a per sq. foot basis, as each project is so different. Two basements with the same scope of work may have completely different prices. To help you plan your basement finishing project, here’s an idea of what you can expect:
  • A basic basement without a bathroom can start from roughly $35 per sq. foot.
  • A basement with a bathroom and standard finishing’s can start from roughly $52 per sq. ft.
  • A high-end basement will start at about $80 per sq. ft. and can go much higher.

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    Kitchens are complex renovation projects and often require a significant investment. Needless to say, a successful custom kitchen renovation adds tremendous value to your Ottawa home. Based on our experience installing kitchens in Ottawa, your preparation work, which would include walls, flooring, electrical, and some plumbing for an average size kitchen start from about $10,000. Your kitchen cabinets for an average size kitchen usually would start from about the same amount of $10,000. There are exceptions to this. We have installed many kitchens in basement apartments that cost less. The best thing is to reach out to us to discuss your project in detail. Below you will see some before and after pictures of kitchen renovations. We have also provided short descriptions of what was done and rough costs of the projects.

    To ensure the ease of the process for you and us, we remove the stress of all the supporting materials selection and simply leave it up to you to choose your finish materials. Even with that, help is available if you need to choose the right style of the cabinets or the functionality that will meet your needs. We can help you design your kitchen cabinets, or you can use one of many kitchen companies that will design and sell the kitchen cabinets to you. Perhaps you have already designed and purchased the cabinets and installation of them, such as the Ikea kitchen cabinet, and simply need to prepare the space for your new kitchen. We offer complete and partial kitchen renovation services, where you can have us handle the entire project, or we can do a partial preparation for your kitchen and a kitchen manufacturer will come in to install kitchen cabinets.

    At Miracle Dream Homes (MDH), we have been renovating, remodeling, and redesigning bathrooms and kitchens, and finishing basements in the Ottawa area since 2004. Our experience ranges from updating older homes to restyling newer ones, renovating for aging-in-place requirements, expanding smaller spaces for greater convenience and comfort, personalizing home designs and layouts, and much more. Our customers across the Ottawa area count on our skilled crews and the experience of our team to complete their home renovation projects on time and on budget.

    It takes about 10,000 hours of practice to master a skill. Tradespersons such as plumbers and electricians, when going through an apprenticeship program, take at least 5 years or 8,280 hours before they are fully ready to start working on their own. DIY enthusiasts often feel excited about projects such as bathroom renovations, kitchen remodels and basement renovations. Of course, it is exciting to think of a home makeover! However, it’s important to know that whether you renovate your bathroom, basement or kitchen, getting professional help will not only save you time but potentially thousands of dollars.