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Basement Remodel Costs

There are many different costs associated with remodeling a basement that must be taken into consideration before work begins. Both labor and material costs must be put together in an accurate budget, and most of these costs are dependent on the individual job and its needs.

National Remodel a Basement Costs

Cost data is based on actual project costs as reported by ImproveNet members.

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Average reported cost

based on 3433 cost profiles


Minimum cost


Maximum cost

Most homeowners spent between:




National Remodel a Basement Costs
Average reported cost $17,480
Number of Cost Profiles 3433 cost profiles
Minimum reported cost $200
Maximum reported cost $40,000
Most homeowners spent between: $12,085 to $19,925

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Before walls and a floor can be added, the basement must first be professionally framed. Framing an unfinished basement can be very expensive; not only will it require a large amount of labor, but material costs are high as well. If you consider all the lumber your contractor will need to lay crossbeams and place studs, you will find that lumber is going to be one of the most costly aspects of the project.

An effective frame needs to be even, square and properly proportioned in order for an effective wall to be constructed. When choosing the right walls for your basement renovation, consider which options will save you money in the long run. For example, when framing is being done, the use of metal studs can be lighter and easier to work with, cutting down on both material and labor costs dramatically.

When putting a wall over a recently constructed frame, sheetrock is the industry standard for a paintable and more durable option. It can help insulate the room due to its density and generally lasts a long time when maintained. If you are trying to significantly drive down costs, using paneling for the walls is an effective option. It is very light, inexpensive and pre-finished in a variety of different sizes and types. Labor costs may also decrease because paneling is easier to transport and work with.

Putting down a floor in your basement offers a host of different options that will depend on your wants and needs more than anything else. Carpeting in the basement can easily be installed by any professional. Any type of carpeting can be installed in the basement and is often the most economical option. Another popular solution to flooring in the basement is the use of tile. Although tile is definitely a more expensive option considering both material and labor costs, tile can be very visually appealing in your newly remodeled basement.

Last updated on Feb 2, 2017

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