Basement remodeling can be a great way to add extra living space and value to your home, but it’s important to plan ahead and set a budget that you’re comfortable with. There are a few things homeowners need to determine and consider to ensure they get the most out of their basement remodel project while still keeping to their budget:
Determine What You Want to Do With the Space
Each basement remodel will have different costs associated with them. Just to list a few examples:
- A home office would be a great use for the basement, as it can provide some extra privacy, but it’s important to factor in the cost of a new desk, chair, and storage. You may also want to install a small refrigerator or microwave to make it easier to take food or coffee breaks.
- Home gyms can be a great way to get in shape without having to leave the house. You’ll need to budget for a good quality flooring surface, as well as expensive equipment like a treadmill or weight bench. You may also want to install some new lighting and ventilation to make the space more comfortable for working out. A small fridge with easy access to electrolytes isn’t a bad idea either.
- Kitchens will also require some extra budgeting, as you’ll need to take into account the cost of a new floor, cabinets, and countertops. Appliances and plumbing fixtures can also add up.
- Play rooms are becoming increasingly popular, and they can be a lot of fun for kids, but they do come with a price tag as you’ll need to budget for things like carpeting, toys, and a play structure.
- Bedroom conversions can be a great way to increase the value of your home. Some things to consider include the cost of a new bed, dresser, and nightstands.
Determine What Materials Will Be Used
Not all materials are created equal, and some will be more expensive than others. Some common basement remodel materials to take note of:
- Drywall is a popular choice for basement remodeling as it’s relatively cheap and easy to install, but it can also be prone to moisture damage.
- For a more durable option, consider using cement board. It’s more expensive than drywall, but it won’t crumble or dissolve if it gets wet.
- Wooden flooring is a popular choice for basements as it’s durable and looks great.
- Tile is another popular flooring option as it’s durable and easy to clean, but it can be expensive.
- Vinyl flooring comes in a variety of colors and styles, and it’s relatively easy to install.
- Paint is a great way to brighten up a basement, and it’s one of the cheapest ways to add some personality to the space.
- Using wallpaper can also be a great way to add some personality and style.
- Different types of windows and doors can also add to the overall cost of your project, so be sure to take that into account when setting your budget.
Find Out What Permits and Inspections May Be Required
Some remodeling projects will require permits and inspections, while others won’t. It’s important to contact your local building department to find out what’s required for your specific project. For example, a kitchen remodel may require a permit, but installing a new flooring surface likely won’t.
If you’re unsure about whether or not your basement remodel is in the green, it’s always best to play it safe and contact your local building department for more information. Even if the permit ends up as an additional budget expense, it’s still better than finding out long after the remodel is done that you’ve been slapped with a hefty fine because apparently your remodel is in violation of a couple of building codes.
Create a Timeline for When Things Need to Happen
Project completion time does indeed factor into the budget. Knowing when different aspects need to happen will keep the budget on track. For example, the walls will likely be done first, and then the flooring can be installed. Cabinets or countertops may need to wait until after the flooring is installed so that they can be measured for accuracy. Those same cabinets may take four to six weeks for delivery and installation, so that should be taken into account when setting the start date.
Getting Help From a Contractor
If you’re not confident in your ability to do the work yourself, it’s best to hire a firm like Winthorpe Design & Build. This will add to the overall cost, but it will be worth it because we’ll ensure that the job is done correctly and on time.
Get in touch through our new process. By us taking the time with you to plan things out ahead of time, you can avoid any costly surprises down the road. And, of course, be sure to enjoy your new space when it’s all finished!
