Remodeling a basement may be expensive. The cost can increase to over $3,300 if you wish to include custom features. This is due to the fact that you will have pay for both plumbing and electrical work. Some basement remodeling projects are as simple as adding an additional bathroom, while others can be extremely complex. You will need to waterproof hardwood flooring if you want to install it. The type of contractor you choose to do the job will also be important.
The amount of work you intend to do in your basement remodel will affect the price. Flooring can be expensive and can vary from as low as $1,500 to over $4,500. It all depends on what type of flooring you choose. Laminate flooring costs anywhere from $2 to $6 per square foot. Also, consider the costs of plumbing and fixtures. Sump pumps, drains, or other plumbing equipment might be necessary.
The cost to install new ductwork will be approximately $24 per linear feet. It costs approximately $1.90 to install insulation. For an additional $27/SF, you can add a bathroom to your basement or a kitchen. You can also add a laundry and rewire your basement to make it more practical. These tasks will add to the costs, so you should determine what you can afford before you begin.
You may need to obtain a demolition permit if you are planning to add a toilet to your basement. Although it costs $100-$300, this can significantly increase the property's value. Add a bathroom to your home and you'll need to spend $15,500 - $17,500. A basement renovation project is almost as cost-effective as a home addition. Therefore, it's a smart investment that will yield a nearly 70% return on your home.
It is also important to decide how much money you can spend on your basement remodel project. First, determine what basement features you will require and want. You can ask your contractor for advice if you have any questions. A contractor can often suggest budget-friendly improvements and help you create a stunning basement. You can save money by making some modifications yourself.
Although basement remodeling can be costly, it is also possible to make the project very affordable. You'll spend less if you choose materials that are rated for use below grade. And remember to make sure that you do your research before hiring a contractor. You can also search for the right materials online. You should check with your local building officials and talk to several contractors before finalizing the price of your project.
FAQ
Is it better to remodel an older house than build a brand new one?
There are two choices if you are thinking of building a new house. A pre-built home is another option. These homes are ready to be moved into and have already been built. You also have the option to build your home from scratch. If you choose this option, you will need to hire someone to help you design your dream home.
The cost of building a new home depends on how much time and money you spend designing and planning it. Because you will likely be doing most of the work yourself, a custom home can require more effort. You also have greater control over the materials and their placement. It might be easier to find a contractor that specializes in custom-built homes.
A new home can be more costly than a remodelled home. This is because you will have to pay more for the land as well as any improvements that you make to it. Additionally, permits and inspections will be required. The price difference between a newly built and remodeled home averages $10,000-$20,000.
How do you choose a good contractor to work with?
Ask family and friends for referrals when looking for a contractor. Check out online reviews. You should ensure that the contractor you select has experience in the field of construction you are interested. Refer to previous clients and verify their references.
Should I hire an architect or builder?
It may be simpler to hire someone to help you renovate your home. An architect or builder is a good option if you plan to buy a new house.
Can I renovate my whole house myself?
Do it yourself - you'll save time and money.
It doesn't really matter how much you love DIY. There will always be times when you just can't do it. It may be impossible to control the many variables.
You might discover that the wiring in your home is not up to date. In this case, you'll need to hire an electrician to ensure that your electrical system works safely and reliably.
Also, you should consider that some structural damage may not be possible during renovations.
In addition, you might not have the tools necessary to complete the job properly. If you want to install a new kitchen faucet, you will need a plumber's serpent, which is a tool that clears clogged pipes.
You must also follow plumbing codes to ensure that a licensed plumber is working on your project.
You need to be able to do the job before you take on any large tasks.
Ask your friends and family for help if you're unsure if the job is possible.
They can give you advice on what steps you need to take and where you can go to learn more about the subject.
What should I do first when renovating my house?
Fixing up a home starts with cleaning out all the clutter from inside and outside. Next, you will need to eliminate mold, repair or replace any damaged walls, repaint your entire interior, and fix any leaky pipes. Finally, you will need to wash the exterior surfaces clean and paint.
Can you live in a house during renovation?
Yes, you can live in your house while you renovate it.
Is it possible to live in a house with renovations going on? The duration of the construction works will affect the answer. If the renovation takes less time than two months, then no, you can still live in your home during construction. You cannot live in the home while renovations are taking place if they last more than 2 months.
The reason why you should not live in your home when there is a major construction project going on is because you might get hurt or even killed due to falling objects from the building site. A lot of heavy machinery is used at the jobsite, which can lead to noise pollution and dust.
This is particularly true if you live on a multi-story home. In this case, the sound and vibration created by the construction workers might cause severe damage to your property and its contents.
As I mentioned before, while your home is being remodeled, you'll have to manage the inconveniences of living in temporary shelters. This means you won't be able to use all the amenities in your own home.
While your dryer and washing machine are being repaired, you won't be able use them. Additionally, the smell of paint fumes or other chemicals will be a constant annoyance as well as the banging sound made by workers.
All these things can lead to anxiety and stress in your family. So it is important that you plan ahead so you don't feel overwhelmed by all the circumstances.
To avoid costly mistakes, do your homework before you make any decisions about renovating your home.
You should also seek professional help from a reputable contractor to ensure everything runs smoothly.
Which order should you do your home renovations?
The first thing you need to do when renovating your home is to decide where you want to put everything. If you plan to sell your home soon, then you should think about how you would like to present your home to potential buyers. Next, you should start thinking about the design of your kitchen, bathroom, living room, etc. Once you have chosen the rooms you want to remodel, you can start looking for contractors who can help you. Once you have hired contractors, you can start working on your remodeling project.
Statistics
- A final payment of, say, 5% to 10% will be due when the space is livable and usable (your contract probably will say "substantial completion"). (kiplinger.com)
- The average fixed rate for a home-equity loan was recently 5.27%, and the average variable rate for a HELOC was 5.49%, according to Bankrate.com. (kiplinger.com)
- According to the National Association of the Remodeling Industry's 2019 remodeling impact report , realtors estimate that homeowners can recover 59% of the cost of a complete kitchen renovation if they sell their home. (bhg.com)
- They'll usually lend up to 90% of your home's "as-completed" value, but no more than $424,100 in most locales or $636,150 in high-cost areas. (kiplinger.com)
- ‘The potential added value of a loft conversion, which could create an extra bedroom and ensuite, could be as much as 20 per cent and 15 per cent for a garage conversion.' (realhomes.com)
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How To
Do you prefer to renovate the interior or exterior?
Which one should I first do?
There are many factors to consider when deciding which project to start with. The most common factor when choosing a project is whether it is old or newly built. If the building is old, then there are many things to take into consideration such as the condition of the roof, windows, doors, flooring, electrical system, etc. There are many aspects to consider when a building is brand new. These include the size and style of the rooms, as well as their location.
If the building has an older roof, it is worth looking at the roof first. If it looks like the roof could collapse any minute now, you may want to start on the renovation. The roof should be in good shape before you move on to the next stage. Next, take a look at the windows. The windows should be inspected for damage or dirt before you do anything else. After this, go through the doorways and make sure that they are clean and free from debris. You can now begin to install the flooring if everything looks fine. You want to make sure the flooring is sturdy and solid so it doesn't break no matter how much you walk on it. These steps will be completed before you can proceed to the walls. Check the walls for cracks and damage. If the wall is fine, then you should proceed to the next step. Finally, once the walls are inspected, you can work on the ceiling. The ceiling should be inspected to make sure it can support any weight that you might place on it. Then you can start your renovations if all goes well.
You would want to begin with the exterior if the building was recently built. Start by looking at the outside. Is the house well-maintained? Is there any cracks? Does it look good overall? If the exterior doesn't look great, then you should definitely fix it. You don't want your home to look poor. Next, you need to inspect the foundation. If the foundation looks weak, then you should repair it. Also, check the driveway. It should be smooth and flat. If it's not, it should be fixed. When checking the driveway, also check the sidewalk. You should replace the sidewalk if it's uneven.
These areas should be checked before you move on to the inside. Look at the kitchen first. Are you satisfied with the cleanliness and maintenance of your kitchen? It should be cleaned up if it's messy. Next, you should inspect the appliances. The appliances should be in good working order. If they're not, you can either replace them or repair them. After this, check out the cabinets. If the cabinets are stained, or have been scratched, you can probably paint them. If they are in good shape, then you can move to the bathroom. You should inspect the toilet here. If it leaks, then you should probably get a new one. You can wash it if it is just dirty. Next, inspect all fixtures. You should make sure they are clean. They should be cleaned if they are dirty. The countertops should be inspected as well. Repainting countertops is advisable if they have cracked or are chipped. If they are smooth and shiny you can use a sealant.
Final step: Check your furniture. Verify that the furniture is not damaged or missing. If you find something missing, it's best to fix it. It is best to repair any broken items. After everything has been checked, you can go outside to finish the job.