The cost to finish basement per sq ft is $7 to $23 on average. It requires supplies and materials as well as labor costs. There are other fees to consider and local sales tax, too. The contractor that you've contacted accounts for all the potential costs of the project and puts it into a document that provides you with an estimate for the project. Depending on your needs and preferences, the total project can cost you tens of thousands of dollars to complete. For example, the cost to finish basement with bathroom averages $15,000 to $50,000.
How much does it cost to finish a basement?
There are many costs involved in a project like yours. For example, depending on the size of the basement and the materials being used, it can be $10,000 to $100,000 to complete the job with labor. You'll have the responsibility of paying for supplies and materials, labor, fees, and sales tax. When you get a price quote in hand, it's an estimate of costs, not the final bill. It's very important for you to price out the project with several companies before finalizing your decision because it can save you a significant sum of money. If you're not in a hurry to get the basement finished, you'll have more time to go over each estimate and ask questions about the parts that don't seem clear to you. It's a way of getting to know what to expect from the expenditure once you've had a chance to get to know the different companies in the area offering this type of service.
Who to call to finish a basement in Colorado Springs, CO?
There are many companies in the area you can ask to assist you with your project. Reaching out to them by phone or email is the best route to take. You can find the contact information for the contractors online through directories, social media accounts, and websites. You'll find it very easy to locate a lot of information at once, making it much easier for you to get the job done by the right contractor. Another option that many people choose is to contact a relative or friend and ask for a personal referral. It's an option that can save people time and effort, which is why it might be the best choice for you.
Does a finished basement increase your home's value?
It absolutely does! Your basement will attract buyers to your home if you decide to sell it. It provides extra space for a guest room, entertainment room, or family gym. It gives you a chance to increase the current amount of square footage that you have so you're able to make better use of the property that you own. If you do decide to continue owning it, you'll have a high-value item of worth that you can borrow against if you need it. You have the benefit of extra space and higher property value, which are both beneficial. A finished basement gives you the option to keep or sell your property, whichever works best for you.