Finishing a basement typically involves adding walls, flooring, electricity, and lighting so the basement is more usable space.
Flooring and wall coverings like paneling or shiplap are the biggest expenses, making up approximately 15% of the total cost to finish a 1,200 square-foot basement. Plumbing and electricity are next, at around 14% and 11% of the cost, respectively, while interior carpentry needs — like trim and railings — account for about 10%. The remaining costs may include things like drywall and insulation, cabinets and countertops, painting, and even clean-up.
Exact costs will vary depending on basement size, whether extra features like a bathroom or wet bar are included. This is assuming your unfinished basement is in good condition.
It’s important to have your basement inspected for foundation and drainage issues before finishing. If an inspection reveals water damage or the risk of water seepage, basement waterproofing and possibly foundation repair will likely add to the cost.
Contact our Columbus, OH basement finishing team for more information.