Average cost of 2000 sq.ft. basement renovation from $90000 to $190000.
The cost of renovating a basement varies depending on a number of factors, however the average cost of renovating a basement is between $45 – $95 per square foot. This means if you have a basement that is 1,000 square feet, you can expect to spend about $45,000 – $95,000 to renovate your basement (basement packages vary, final price may differ).
Capable Group does everything possible to keep the costs of our clients’ bookings within budget. Our costs can be quoted in advance and we’ll look for ways to complete the project within budget.
Costs involved in basement renovation
There are various costs to consider at different stages of the renovation process. If you are installing a bathroom or kitchen in your basement, the first thing you will need to consider is the plumbing.
Adding a basement bathroom
2000 sq.ft. Average Basement With Bathroom Renovation Cost from $105000 to $210000.
The size of the bathroom, the type of floor, the cost of bespoke cupboards and features all have an impact on the cost of adding a new bathroom to the basement.
Creating a bedroom in the basement
2000 sq.ft. Average Basement With Bedroom Renovation Cost from $91500 to $196000.
And 2000 sq.ft. Average Basement With Bedroom & Bathroom Renovation Cost from $106500 to $216000.
For a room to be classed as a bedroom in your basement, it must contain a wardrobe and an egress window. Installing egress windows in the basement will cost about $2,600 – $5,300. The cost of installing a wardrobe will be about $1,100 – $3,000. Adding a bedroom to your basement will cost on average about $1,500 – $6,000. A large proportion of these costs will be the walls, flooring and paint.
Adding a cinema room
2000 sq.ft. Average Basement Renovation Cost With Home Theater from $110000 to $240000.
If you are someone who enjoys entertaining friends and family, it may be a good idea to install a home cinema in your basement. This will give you a dedicated area in the house to entertain. You can add a large screen TV, comfortable seating, good speakers and make the room soundproof.
Add a wet bar to your basement
2000 sq.ft. Average Basement With Wet Bar Renovation cost may vary from $93000 to $210000.
The cost of adding a wet bar to your basement will largely depend on whether you want your home bar to be custom or pre-made. Another major factor will be how large the bar will be. A custom home bar will cost around $5,000 to $20,000. Pre-made options run between $3,000 and $6,000. This cost does not include the plumbing, electrical and lighting work. Other fees associated with the installation can add an additional $200 to $8,000.
Steam room and sauna installation in the cellar
2000 sq.ft. Average Basement With Sauna can be from $96000 to $205000.
The average cost of installing a sauna is $6,000-$15,000, depending on the size of the basement and the cost of materials. Prefabricated sauna kits cost between $2000 and $4000 each.
Installing a gym in your basement
2000 sq.ft. Average Basement With Home Gym may vary from $90300 to $205000.
Home gyms can cost anywhere from $300 to $15,000. Other costs associated with your home gym include subfloor, electrical wiring, lighting and TV installation.
Basement fireplace addition
2000 sq.ft. Average Basement Renovation Cost With Fireplace can be from $91000 to $195600
A fireplace in a basement can cost anywhere from $1,000 to $5,600, depending on the type of fireplace you install. A gas fireplace typically costs from $2,300 to $10,000, and an electric fireplace usually costs from $1,000 to $4,200.
Adding a custom bar to your basement
2000 sq.ft. Average Basement renovation with custom bar can be from $95000 to $210000.
If your space is going to be used for entertaining, consider adding a bar to the room This will make it convenient to entertain and serve your guests. Remember that refurbishing your basement area will add value to your home, which will be an asset if you decide to sell.