Top Factors in Determining Basement Finishing Cost and ROI, Part 2

In part one of this two-part blog series, we went over some of the top factors that play a role in both the final cost of your basement finishing project and its ultimate return on investment (ROI). Basement finishing projects are often a great way to realize increased home value above and beyond the price you pay for the upgrades themselves, but achieving this requires some care and understanding of all the components involved.

At Blue Dawn Drywall, we’re proud to offer basement finishing solutions to fit your every need, from quality materials and drywall to painting and design. Let’s go over a few additional factors that play into your final cost and ROI for a basement finishing project.

factors basement finishing cost ROI

General Basement Drywall

Drywall will often be a big part of your basement finishing process, so it’s important to know how much it will cost. While precise numbers here vary depending on the type you choose and other factors, you can generally anticipate paying between $1.75 and $3.15 per square foot – this cost includes supply, installation and finishing, not just the material alone.

Flooring Costs

When it comes to flooring within a basement finishing job, you have a pretty wide variety of options available – both in terms of style and price point. You can go with a simple modern look where you just seal the concrete and place rugs down, or you can go a step further and consider carpet, laminate or hardwood flooring options. Hardwood tends to cost the most of these options while carpeting costs the least, but you also have to consider warming and air factors in your long-term cost assessment.

Ceiling Expenses

The ceiling, on the other hand, can be a bit trickier with basement finishing, primarily because they’re typically very low compared to others in the house. They also have to house plumbing, ducting and various electrical components. For this reason, drywall ceiling costs are usually a bit higher than for walls, generally costing between $2 and $3 per square foot.

Painting

Also included in this area is sealing, which is important for blocking certain materials from damaging your surfaces. Sealing and priming drywall generally costs about $1.50 per square foot, while painting and trimming the walls will range anywhere from $1,000 to $4,000 depending on the total surface area and the paint being used.

Budget Savers

If you’re looking to stick to a budget and save a few bucks on your basement finishing project, there are a few room types to generally avoid: Bedrooms, bathrooms and kitchens. These require major attention paid to plumbing, electrical and similar areas, plus require specialized professionals for certain hookups or installations. Bedrooms often also require safety features that may dictate foundational or landscaping changes, which bring additional costs.

For more on the factors that play a role in basement finishing costs and ROI, or to learn about any of our drywall installation or contractor services, speak to the staff at Blue Dawn Drywall today.