How Much Does It Cost to Finish Your Basement?

finished basement 2

Finishing a basement is a great way to improve the look and value of your home. One of the first things you want to consider before you start is how much does it cost to finish a basement. Depending on the design and functionality you want, the average cost to finish a basement can start at $35 to $70 per square foot, but varies depending on the overall requirements.

finished basement kitchen

Basement Finishing

Many homes have a limited finished basement. Some basements are simply roughed in, while others may have some added design features, but do not serve as a functional space.

Finishing your basement so that it is a usable daily space will cost approximately $7 to $23 per square foot, depending on the design elements you want to include.

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Remodel or Reno

A basement remodelling is often the best way to achieve an updated look, allowing you to bring your unfinished basement into its own. This can mean the addition of walls, plumbing and other fixtures to enhance the functionality. You will most likely need a permit to do a remodel, so consult with your local by-laws. 

A renovation is an effective way to improve the look of your basement, allowing you to enhance the look and functionality without having to do major construction or tear downs. This may include updating the paint colour, changing the floors or updating fixtures.

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What’s Included in the Cost

Basement finishing costs vary depending on the design and material costs. It’s important to create a budget that includes all the costs, so you have a clear picture of what your renovation will entail. 

Some of the most common costs associated with basement refinishing include:

  • Materials – materials costs can vary by availability and season. Working with a basement refinishing expert can ensure you get the best price and quality for your budget. 
  • Permits – To ensure your project is being completed to code, you will need to apply for building permits. These are generally expensive, but still an important part of your project. 
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  • Labour – Labour costs can also vary based on skill and project requirements. Labour costs generally average 10 to 20 percent of basement refinishing costs. 
  • Basement size – A larger basement or more complex renovation project is going to cost more than a smaller room.
  • Location – Basement renovation costs can vary by location, depending on the availability of materials and delivery requirements. Your renovation expert will work with you to source the highest quality materials for your area.
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Types of Basement Finishing

Before you start, take some time to research and think about what you want to do with your basement space.

The 3 basement finishing types are:

Unfinished basement – there are no liveable spaces and basic services for washer/dryer, heat or future plumbing.

Partially finished basement – May contain a washroom, laundry room or space to set up a gym. There is limited heating and services. 

Finished basement – Completely inhabitable with all the services and design features to have rooms like an office, bedroom or home theatre.

open concept kitchen remodeling

Advantages of Finishing Your Basement

Are you looking to finish the basement, so you can use it to relax with family and entertain? Do you want to customize your living space so that you have additional storage and media solutions?

These factors will determine the final cost to finish a basement and help you set out a budget that ensures you can have the look and feel you want. Having a finished basement gives you a new way to use your space. You can improve the look and functionality of your home, maximizing your return on investment.

Wheelchair Accessible Bathroom Design

Let the experts at Miracle Dream Homes take your vision and make it a reality. Our fully licensed and bonded basement refinishing pros can help you improve the look and value of your home with complete finished basement solutions. Contact us today for a quote.

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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.

    Save On Your Renovation

    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.