Basement Finishing - Creative Ideas & Cost

1. Basement Finishing - Creative Ideas & Cost

2. Synopsis

3. Some Creative Basement Finishing Ideas • Extra living space: You can convert your basement into extra living quarters for a relative, such as your mother-in-law, or other relative who needs their own space but cannot afford to move into their own place. A family room: You can have your basement renovated to be a second family room where the family can go to play games together or just watch television and be together for quality time and create memories. A game room or home theatre: A basement renovation can create your basement into the perfect place for the kids to play video games in, or for you to hold family movie night in your very own personalized home theatre. A basement apartment: Complete with Energy Star rated appliance in the kitchen and a full-size bathroom; this can either be an apartment that you rent out to generate a second income or an apartment that you allow an adult child to live in until they can afford to move out. A Home gym: The space in a basement is the perfect size and area for renovating it into a home workout gym. This can save the family lots of money once spent on gym memberships. • • • •

4. Ideas for Finishing Your Basement • A way to generate a second income: You can renovate your basement into an apartment, complete with kitchen and bathroom that you can rent out and create another monthly stipend for the family. Turn it into new living quarters: You also have the option of creating a mother-in-laws apartment; or a place for an adult child to live that is not quite ready to make that final move out of the family home. A place for better health: You can have your basement turned into a workout gym, and save the money you have been paying out for that expensive gym membership each month. Start saving for a well-deserved family vacation with the money you no longer spend on the gym membership! Turn the space into a home office: If you have always had your home office in a corner of the living room before now, you can now have complete solitude in your own office located in the basement. Giving you the space and freedom you need to be the innovative businessperson you were always meant to be. • • •

5. Ways to Renovate your Basement • The contractor that comes to your home and gives you an estimate on the job you want completed will be as accurate and realistic as possible. We do our very best to keep the final price as close to the estimate as we can, so there are no surprise add-on fees when the job is completed. If all this sounds like something you might be interested in, give the professionals a call. A member of the qualified contractor team will come to your home to take a look and give you an estimate. If you are not sure what you want to do with your basement, a member of our design team can help to design a plan that would be suitable for your basement. Why should you have all that unused square footage beneath your home go to waste because of an unfinished basement? The possibilities are endless what can be done to improve the quality and value of your home. • •

6. Renovation Cost per Square Foot in Toronto • When renovating your basement in Toronto you are going to need to know how much the renovation is going to cost per square foot. Depending on how many square feet your basement is, depends on the price per square foot; the more square feet, the less it costs per foot. An estimate on the average square foot prices for a basement renovation is about $20 to $25 per square foot for an area that is 1000 to 2000 square feet; an area that is 500 to 900 square feet costs $30 to $35 per square foot. As you can see from this example, the more square feet your renovation is the less it is going to cost per square foot. In addition, the professional team guarantees to have your basement renovated in about two to three weeks, of course, this is dependent on the size of the job. The contractors and the rest of the renovating team are aware how important it is that you have your basement back and in good order as soon as it is possible. • •

7. The Cost to Finish a Basement in Toronto • No two jobs are alike; therefore, no two estimates can be alike. However, there are finishing packages that will be able to accommodate almost every customer’s needs and budget. The standard deal that is offered involves all framing, drywall, taping, primer, painting, plumbing, electrical rough-ins, R12 installation, and a three-piece bathroom finishing job at the budget price of $2855. There are two guidelines about how a basement-finishing job is priced per square foot. The standard basement (1000-2000 square feet) is approximately $25 to $30 per square foot; an area that is 500-900 square feet would cost anywhere from $30-$35 per square foot. The more square feet your basement has, the lower the price per square foot is. Also, as an added bonus, the contractors try to do everything possible to ensure that your basement renovation is done in about two to three weeks. This is all dependent on the actual square footage of the job. The professional workers are aware of how critical it is that you have your basement and house back in working order as quickly as possible, since nobody likes living in a construction zone for very long. •

8. What is the Average Cost for Renovating a Basement? • The standard renovation package costs about $2,855; and this is all inclusive of framing, taping, primer and painting, plumbing, electrical rough- ins, R12 installation, and a three-piece bathroom. An average basement renovation that is 500-900 square feet will cost you from $30 to $35 per square foot; if the job is between 1000-2000 square feet the price per square foot goes down to $25-$30.00. As one can recognize by the pattern above when the square feet increases the price per square foot decreases. Most professional renovating businesses understand the importance of having your home and basement back as quickly as possible; therefore, they promise to complete the job in as little as a few weeks. • •

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