Whether you are building a new home for yourself, or if you already own your home, having a basement can add tremendous value to your home. An unfinished basement under any given home can add $25-$35 dollars per square foot. That is great news for you, however a finished basement can add much more than that to the value of your property. But how much does it cost to finish a basement? We will get to that a little later on. The important thing to know is how much value a finished basement can add to your home.
The answer is going to have a lot to do with how you finish the space, the design and the fixtures. That being said, you can expect to add anywhere from $25-$75 more per square foot than the value of an unfinished space of the same size.
If you think about it, it makes perfect sense. If you put an addition on your home it will add thousands, if not tens of thousands of dollars to the value of your property. The same goes for finishing part, or all of the basement space below your home. Adding a family living space or additional bedrooms will add an incredible boost to your property value.
But How Much Does It Cost?
The question then becomes, how much is this going to cost me? Unfortunately, there is no cut and dry answer to that question. The key in maximizing your investment is to hire a professional and experienced basement finishing contractor such as Utah Basement Company. We've been in the business for nearly 20 years. From mid-sized homes to large homes we have finished basements into everything from home movie theatres to luxurious master sweets.
We serve or have served all of these Utah locations.
SALT LAKE COUNTY: Alta, Bluffdale, Cottonwood Heights, Draper, Herriman, Holladay, Midvale, Murray, Riverton, Sandy, Salt Lake City, South Jordan, South Salt Lake, Taylorsville, West Jordan,West Valley City
That doesn’t answer the question though. How much does it cost to finish a basement? You are going to be looking at a cost of anywhere from $20 to $75 dollars per square foot to finish your basement space. When you consider that the national average is a 70 percent return on investment for a basement with simple finishes, hiring a professional basement finishing contractor already seems like a good move.
It gets better though, with a properly thought out and configured basement remodel you earn potentially up to 200 percent return on your investment. The key to the whole process is making sure that you make the right choices in terms of finish and design.
That is where a professional comes in handy, with years of experience, Utah Basement Company knows what finishes and design aspects can produce the highest return on investment. The team at Utah Basement Company can lead you down the right road in terms of getting the most out of your investment.
So after answering, how much does it cost to finish a basement? You will have the final say in every aspect of the process however our years of experience can be a guiding hand, maximizing the potential of your space. Looking at the big picture, no matter whether you decide to go basic or luxurious and over the top, finishing your basement could be one of the best investments in your home you ever make.