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Cost of Finishing a Basement

Cost of Finishing a Basement - How much does it cost to finish a basement in Ottawa?

Basements in Ottawa, although in different parts of the city, are finished in a very similar way. The construction methods to finish a basement vary only slightly from the west end of the city to the east end. Consequently, the guidelines to basement renovation price in Ottawa hold true for the whole city.

The biggest determinate of finishing a basement cost is the size of the basement; the larger the space, the higher the cost. The second biggest factor on basement finishing cost is heavy plumbing and electrical works. The third biggest factor on basement finishing cost is the flooring material and the finishing materials. These factors are all part of a standard basement. For basements that are more complex, there are more cost variables.

Finishing a Basement Cost Variables

Big variables with basement finishing costs that could increase the budget substantially are items such as adding a window which costs anywhere from $2,500-$5,000 depending on the size and location. This requires concrete cutting and is a whole job on its own. Another big variable cost is adding a bar in the basement. Basements bars go from $5,000+ depending on the size, style, and complexity. Basement bars add a lot of appeal to a middle or higher end basement. Adding a bathroom in a basement can go from $5,000 for a 2 pcs with plumbing rough in to $10,000 + for a 3 pcs depending on the finishing involved. Dry saunas, home theatre wiring, built in shelving, and decorative finishes are also popular basement add-ons.

You can save money on the electrical in your basement by choosing regular light fixtures. Although not as nice as pot lights, other ceiling light options can be much more economical and easier to maintain. You can also save a lot of money by installing carpet instead of a solid wood floor in the basement. The most economical basement finish consists of: carpeted flooring, no bathroom, one open room, standard fixtures and basic trim. Finishing a basement economically will give you the added space you need on a budget. However, for those with more design ideas in mind the sky's the limit.

How much does a basement cost per sq ft?

Basement finishing costs start at around the $30 a sq ft mark but vary depending on the layout and finishing. This means that a 1000 sq ft basement should cost between $30,000 - $40,000 with decent­­ finishings.

What is the lowest amount to pay to finish a basement?

Basements finishing costs usually start at $20,000 and go up from there depending on the size and what is going in it. The average finished basement cost for a single family home with a 3 pcs bathroom with good quality finishing is in the $30,000 range.

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