Average Cost to Finish a Basement

Basement Finishing: What Does It Cost?

So you’ve been thinking about finishing your basement. Planning for costs is an essential first step. Let’s take a look at some options to help you get an idea of what you may want for your home and budget. The average cost to finish a basement runs between $32 and $47 per square foot. If you’re looking for an open floor plan, then you can expect to see your rate being closer to the $32 range. If you are wanting a family room, bedroom, and bathroom or kitchen, then you may want to plan for the $47 per square foot price. 

3 Sizing Options for Your Basement Plan

Here are a few size options to give you an idea of what the average cost to finish a basement could be for your project.

• 500 sq. ft = $18,000 for an open floor plan OR $23,000 for three rooms
• 1,000 sq. ft = $32,000 for an open floor plan OR $38,000 for three rooms
• 1,500 sq. ft = $48,000 for an open floor plan OR $57,000 for three rooms

These numbers represent averages—and that includes average-quality materials. If you love high-end materials and want to do something really special with your basement project, then you’ll want to plan for a bigger budget. 

What Is Included in Basement Finishing?

Another important thing to keep in mind is that the numbers listed above include your typical basement finishing steps: framing, plumbing, waterproofing, wiring, drywall, flooring, HVAC, lighting, and egress windows. 

Labor is also an essential part of your overall bid. When we average out all the professional labor including carpenters, plumbers, electricians, etc., you can plan on roughly $16 per square foot. In other words, about 40 percent of your basement finishing project will be allotted to labor.

High-Quality Basement Finishing Services in Lehi, Utah

Finishing a basement is a serious investment. But it’s also a fun and creative opportunity to make your home truly your own. While it’s tempting to stick to the bare minimum, take a moment to really consider how you and your family will best use the space.

Some popular upgrades we’ve seen in Utah County and Salt Lake County include a home theater room, game room, walk-out basement, laundry room, guest room, and even a mother-in-law suite or completely independent living space you can rent out.

If you’re working with a small basement, there are even more ideas for how you can use the space: a playroom for your kids, a craft room, a wine cellar, a home office, a workshop, or a home gym or yoga studio. 

With Allied Remodeling Contractors, we offer high-quality basement finishing services in Lehi, Utah, and surrounding areas. We’ll listen to your big-picture vision for the space and our team of craftspeople will work to deliver your dream basement. 

Reach out today to start turning your unused basement into a cozy, functional space for you and your family: 385.412.8088.