Owning a residence with basement space in NYC feels like a blessing, particularly when you look around the expensive real estate market. As a homeowner, you can convert this part of your building into a habitable unit. While it helps boost your property’s resale value, the more tangible outcomes will be additional comfortable living rooms. The benefits can be reaped if you meet all the compliance and legal processes. Do you worry about the remodeling or finishing cost? Even though the overall project expense depends on various factors, you can expect to spend around $4,700 to $41,000 on average. You can rely on our Zicklin Contracting’s basement remodeling and waterproofing services.
Remodeling cost by basement size
Suppose your basement size is 500 or 800 sq ft. You intend to build it with average materials and finishes. Going by this, your overall expense for the conversion project can vary from $3,500 to $11,500 for a 500 sq. ft. basement. It can cover basic bathroom plumbing jobs, kitchen setups, electrical upgrades, waterproofing, drywall, paint, vinyl flooring, etc. All this applies to a one-bedroom structure. Likewise, an 800 sq. ft. basement can cost $5,600 – $18,400. In this budget, you can build two bedrooms, one bathroom, one kitchen, and a living area. Electrical upgrades, egress window installation, better waterproofing, flooring, and storage jobs can be expected. For all this, you spend around $7 per sq. ft. on the lower side and $23 per sq. ft. on the higher end.
Do you want to know the exact basement remodeling cost? Speak to our basement remodel contractors. Every remodeling project has a unique challenge or demand, which can affect the budget. At Zicklin, we address all our customers’ concerns and customize their plans to offer the best experiences.
- Does the basement add value to your property?
Yes, it gives you more living space. You can also expect good ROI.
- Is it a good idea to have a bathroom in the basement?
Yes, it increases your home’s overall efficiency.