Basement Remodeling Costs

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 Pool Table

Basement Pool Table

By: Caroline Shannon-Karasik
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When you're planning a basement remodel, two large factors in the cost are how you plan to use the space and the extent of the renovations. A remodeled basement can be used for everything from storage to an office space to a place to entertain guests, making it the price range a varied one.

Chic Basement Remodel

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Outdated Beginnings

When Michelle Workman first moved into her Lafayette, Calif., home, she was determined to overhaul its dated game room into a sophisticated, serene, Hollywood-inspired design studio.

Hollywood-Inspired Style

Determined to save costs and stick with a short timeline of three weeks, Michelle decided to keep the built-ins that were previously used as game room storage. By placing her writing desk in front of the wall, she can look out into the backyard while working. "I didn't want to sit at my desk all day and stare at the wall. It was important to be able to look outside from my chair," the designer explains. "Floating the desk in front of the storage wall was the perfect solution."

Wall-to-Wall Carpet

A fan of clean, graphic patterns, Michelle fell in love with a wool and sisal blend carpet with herringbone detail. In order to install the new carpet, the existing wall-to-wall cut pile and its padding first had to be torn out. "Something to consider when putting in wall-to-wall carpet: Before falling in love with a particular style, know what the total will come to, including padding," the designer advises. "Keep in mind that, in addition to the carpet and installation costs, padding runs about $2.50 per square foot."

Graphic Wallpaper

Although Michelle is a fan of using bold color, she opted for a muted palette in her studio, a place meant for concentration and serenity. The graphic wallpaper in the design studio packs graphic punch, yet is in a subdued color palette of white and gold.

Vintage Lighting

Much of Michelle's interiors are made up of vintage pieces she picked up at boutiques and flea markets. When hunting for finds at her go-to sources for clients, she came across a brass 1960s chandelier. The lighting fixture is in the glamorous style she's known for, which also coordinated perfectly with the gold pattern of the wallpaper.

Custom Pieces

To take full advantage of an 8-foot wall to the left of her design studio's entrance, Michelle designed a custom banquette where she can read design books. In keeping with her signature glamorous style, she chose a glossy, glazed linen for the upholstery with super shiny chrome nail head detail.

Studio Inspiration

When putting together the design of her Lafayette, Calif., design studio, Michelle turned to her business's branding colors for inspiration." The white and gold backdrop was ideal for showcasing the same apple green color used in my branding," says Michelle. "It's not matchy-matchy — something I wanted avoid. Instead it coordinates wonderfully; in fact, it looks kind of effortless."

A Storage System That Works

Much of Michelle's work is inspired by textiles. To keep her large supply of fabric samples within arm's reach, she has them organized in clear drawers placed above the built-in wall of storage. Each freestanding drawer is organized by color. Michelle notes: "It didn't make sense to keep my swatches hidden behind doors, which I'd have to rummage through to find things by color. This system is perfect; all I have to do is glance over and all the colors are right there in clear view."

Desk Drawers

While the built-in cabinetry is designated for storing Michelle's swatches and samples, she relies on the writing desk's drawers for more personal, everyday things such as keys, change purses, pens and pencils.

Screen Inspiration Board

Michelle gave a corner of her design studio a defined purpose as an area for sourcing ideas and fabrics. She had custom folding screens made by a local upholster using plywood, white cotton and apple green satin ribbon. When she comes across something inspiring in a magazine, she simply tears a page out, then tacks it up on the screen behind her.

Chic Hardware

Since Michelle saved a great deal of money by keeping the space's existing built-ins, then painting them white, she planned to splurge on new hardware. Luckily, she came across chunky square chrome pulls from IKEA at about one-third the price of similar styles available through designer showrooms.

Home Is Where the Art Is

Art is a major element in the design of each of Michelle's interiors. To ensure that her favorite pieces remain in view from the writing desk just above the banquette, she hung a trio of pieces created by her sister, Sophie, an abstract artist.

Roman Shades

Since replacing the windows of the design studio was not within Michelle's budget, she decided to take the focus off of them by having custom white silk window coverings made. By installing the shades for the window on the built-in storage wall all the way up flush with the ceiling, the dated casings are kept hidden and the window appears to be even higher than it actually is.

Delicate Draperies

The California light that streams in from Michelle's backyard can be blinding. To help control it, she installed white silk draperies along the sliding-glass doors that, when closed, help diffuse the light and cast a gorgeous glow on the room.

If a homeowner is seeking to make basic changes in order to renovate a basement, then it can cost as little as $1,000 - $6,000. This means the walls and floor will be waterproofed, then carpet, wall panels, upgraded flooring or improved lighting might be added to make a basement feel like a living space. The cost will depend on the initial shape of a basement, how many upgrades are made and whether or not a contractor is hired to make certain installations.

For homeowners who are seeking fully remodel a basement, then they will be aiming to spend anywhere from $30,000 to $65,000. The varied range depends on the extent of the renovations that are made to the space. The addition of bedrooms, bathrooms, exterior insulation, electrical wiring, plumbing, flooring, furniture, light fixtures and the help of a contractor will all cause an increase in the price. Of course, the cost to remodel a basement will also depend on the square footage of the space.

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