Average cost of 2700 sq.ft. basement renovation from $121500 to $256500.
The cost of a basement refurbishment varies depending on a number of factors, but the average cost of a basement refurbishment is between $45-$95 per square foot, so if you have a 1,000 square foot basement, you can expect to spend around $45,000-$95,000 to refurbish your basement (basement packages vary, so final price may vary).
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 renovations
There are a number of different costs that you need 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 factor in is the plumbing.
Basement bathroom extension
2700 sq.ft. Average Basement With Bathroom Renovation Cost from $136500 to $276500.
Bathrooms are one of the rooms that will consume a large portion of your basement renovation budget You want the job done right, so you need to invest accordingly The size of the bathroom, flooring, cost of custom cabinetry and other features all play into how much you’ll spend adding a new bathroom to your basement.
Adding a bedroom in a basement
2700 sq.ft. Average Basement With Bedroom Renovation Cost from $123000 to $262500.
And 2700 sq.ft. Average Basement With Bedroom & Bathroom Renovation Cost from $138000 to $282500.
To qualify as basement bedroom, it must have closet and egress window. Basement egress window installation costs approximately $2,600 to $5,300. Closet installation costs approximately $1,100 to $3,000. Basement bedroom installation costs average $1,500 to $6,000.
Add a home cinema
2700 sq.ft. Average Basement Renovation Cost With Home Theater from $141500 to $306500.
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 gives you a dedicated area in the house to entertain. You can add a big screen TV, comfortable seating, good speakers and make the room sound-proof.
Adding a wet bar to your basement
2700 sq.ft. Average Basement With Wet Bar Renovation cost may vary from $124500 to $276500.
The cost of adding a wet bar to your basement will largely depend on whether you want your home bar to be custom made or premade. Another major factor will be how large the bar will be. A custom home bar will cost around $5,000-$20,000. Premade options run between $3,000-$6,000. This cost does not include the plumbing, electrical and lighting work. Other fees that come with the installation can cost another $200-$8,001.
Steam room and sauna installation in the basement
2700 sq.ft. Average Basement With Sauna can be from $127500 to $271500.
The average cost of installing a sauna is between $6,000 and $15,000, depending on the size of the basement and the cost of materials. Ready-made sauna kits cost between $2,000 and $4,000 each.
Installing a gymnasium in a basement
2700 sq.ft. Average Basement With Home Gym may vary from $121800 to $271500.
Home gyms can cost anywhere from $300 to $15,000. Other costs associated with your home gym include sub-flooring, electrical wiring, lighting, and TV installation.
Adding a basement fireplace
2700 sq.ft. Average Basement Renovation Cost With Fireplace can be from $122500 to $262100
A fireplace adds so much warmth to a room, not just literally, but there’s something very homely about a fireplace. Installing a fireplace in a basement can cost anywhere between $1000 and $5,600, depending on the type of fireplace you install. A gas fireplace typically costs between $2,300 and $10,000, and an electric fireplace usually costs between $1,000 and $4,200.
Adding a custom bar to the basement
2700 sq.ft. Average Basement renovation with custom bar can be from $126500 to $276500.
If you want to use your basement for entertaining, consider adding a bar so you can both serve and entertain. Remember, renovating your basement can increase your home’s value, so if you ever decide to sell your home, you’ll want to make sure you’ve done your homework.