700 sq ft Basement Renovation Cost: Scope & Quote Checks

Average cost of 700 sq.ft. basement renovation from $31500 to $66500.

The cost of renovating a basement depends on a number of factors, but the average cost of renovating a basement ranges from $45 to $95 per square foot, so if you have a 1,000 square foot basement, you can expect to spend approximately $45,000 to $95,000 to renovate your basement.

At Capable Group, we take every measure to ensure that the cost of your booking remains affordable We are upfront with our costs and will find ways to ensure your project is completed within budget We also handle all clean-up and labour during the refurbishment.

Costs associated with a basement renovation

There are different 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 need to consider are the plumbing costs.

Adding a bathroom to a basement

700 sq.ft. Average Basement With Bathroom Renovation Cost from $46500 to $86500.

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, the flooring materials, the cost of custom cabinetry and other features will all play a part in how much you will spend to add a new bathroom to your basement.

Adding a bedroom in a basement

700 sq.ft. Average Basement With Bedroom Renovation Cost from $33000 to $72500.
And 700 sq.ft. Average Basement With Bedroom & Bathroom Renovation Cost from $48000 to $92500.

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 on average $1,500 to $6,000.

Adding a home theatre

700 sq.ft. Average Basement Renovation Cost With Home Theater from $51500 to $116500.

If you like to entertain friends and family, installing a home cinema in your basement may be a good idea. You can add a big-screen TV, comfortable seating, good speakers and soundproof the room.

Basement wet bar installation costs

700 sq.ft. Average Basement With Wet Bar Renovation cost may vary from $34500 to $86500.

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 pre-made. Another major factor will be how large the bar will be. A custom home bar will cost around $5,000-$20,000. Pre-made options run between $3,000-$6,000. This cost does not include the plumbing, electrical and lighting work. Other fees that will come with the installation can add another $200-$8,001.

Installing a steamroom and sauna in the basement

700 sq.ft. Average Basement With Sauna can be from $37500 to $81500.

The average cost of installing a sauna ranges from $6000 to $15000, depending on the size of the cellar and the cost of materials.

Installation of a basement home gym

700 sq.ft. Average Basement With Home Gym may vary from $31800 to $81500.

Home gyms can cost anywhere from $300 to $15,000. Other costs associated with your home gym include the sub-floor, electrical wiring, lighting and TV installation.

Cellar fireplace extension

700 sq.ft. Average Basement Renovation Cost With Fireplace can be from $32500 to $72100

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 typically costs between $1,000 and $4,200.

Adding a bespoke bar to the basement

700 sq.ft. Average Basement renovation with custom bar can be from $36500 to $86500.

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.