There are basically three ways to finish a basement and they all come with a cost.
If you choose a basic, do-it-yourself makeover, including adding moisture control, framing in walls and adding decor and furnishings, your cost will run between $10,000 and $27,000. Waterproofing sealants and additional insulation are just a few of the considerations that will be factored into the final finished basement cost. The price will, of course, also be affected by how much renovating is being done.
If your renovation is extensive, requiring plumbing or electrical work (such as building a bathroom or installing HVAC), we recommend hiring a contractor. Expect this type of basement to cost more at least $65,000. A basement finishing system is another option, running $45,000 to $55,000. These out-of-the-box systems include everything from moisture-proof, insulated wall panels to ceilings to lighting. You'll need to hire a professional to install them, but you can have a finished basement in as little as two weeks.
See also: Planning a Basement Remodel
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