What Does a Basement Remodel Cost?
Remodeling your basement is one of the best ways to maximize your home’s space, increase functionality, and boost value. Whether you’re looking to create a cozy family retreat, a guest suite, or a high-end entertainment area, the cost will depend on your vision, materials, and any necessary structural or mechanical upgrades.
The best way to get a clear idea of your basement project is to think through the details now—exactly what this Planning Guide helps you do.
Typical Basement Remodel Budgets
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Basic Basement Finish
- $95,000 – $125,000
- Insulation, drywall, and standard trim
- Basic flooring (carpet or luxury vinyl)
- Standard ceiling with recessed lighting
- No plumbing or major structural changes
- Painted walls and simple finishes
-
Mid-Range Basement Remodel
- $125,000 – $200,000
- Built-in storage and upgraded trim/millwork
- Engineered wood, tile, or high-end LVP flooring
- Recessed lighting and accent lighting
- Small wet bar or kitchenette ($25,000 – $75,000)
- Full bathroom addition ($55,000 – $75,000)
-
High-End Basement Remodel
- $200,000 – $450,000+
- Custom-built bar or full kitchenette
- Home theater, gym, or game room
- High-end finishes: stone countertops, custom millwork
- Full bathroom with tiled shower
- Smart home integration, upgraded lighting, and sound system
- Wine cellar, sauna, or luxury features
Additional Budget Considerations
Beyond the basics, design choices and structural needs can impact your budget. Here are some common upgrades:
- Custom built-ins & storage solutions: $0 – $15,000
- Full bathroom addition: $50,000 – $75,000
- Bar or kitchenette with plumbing & appliances: $25,000 – $75,000
- Home theater setup: $10,000 – $50,000
- Egress window installation for safety & code compliance: $5,000 – $15,000
- Upgraded electrical, HVAC, or waterproofing: $5,000 – $25,000
Potential Added Costs to Consider
At KraftMaster Renovations, we help clients plan ahead to eliminate surprises and ensure their basement remodel is built to last. Here are a few common factors that can affect costs:
- Waterproofing & Moisture Control – Basements can be prone to moisture issues. Addressing waterproofing before finishing the space ensures long-term durability.
- HVAC & Ventilation – Basements often need additional heating, cooling, or air circulation to make them comfortable year-round.
- Egress & Safety Compliance – If you’re adding a bedroom, building codes require an egress window or exterior door.
- Ceiling Height Adjustments – Digging down to increase ceiling height can cost $125,000 – $175,000 (unfinished).
At KraftMaster Renovations, we design with the build in mind—ensuring your finished basement is both beautiful and fully functional. The time you invest in this Planning Guide allows us to walk into our first meeting with a clear understanding of your goals, so we can focus on making your dream basement a reality.
