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Old 03-03-2016, 04:19 PM
 
Location: Knoxville
4,704 posts, read 25,303,508 times
Reputation: 6131

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Why not just call out a couple contractors that can actually look at the house, and have a much better idea of the scope of the job, and get quotes from them?
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Old 03-03-2016, 04:29 PM
 
Location: somewhere flat
1,373 posts, read 1,655,438 times
Reputation: 4118
Just a ball park figure would be good.
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Old 03-03-2016, 04:35 PM
 
Location: Kirkwood, DE and beautiful SXM!
12,054 posts, read 23,352,236 times
Reputation: 31918
Keep in mind that if you don't already have egress that you will need it to meet code and that is an additional cost.
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Old 03-03-2016, 04:35 PM
 
Location: Alexandria, VA
15,144 posts, read 27,791,000 times
Reputation: 27270
Quote:
Originally Posted by ohhwanderlust View Post
1800sf? How big is your house??? Haha ...your basement alone is over 3 times bigger than my entire rental.
I know!!! My house is 1300 s.f.!! I have an unfinished basement that I would love to do something with though so reading this.
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Old 03-03-2016, 04:53 PM
 
3,763 posts, read 12,551,138 times
Reputation: 6855
Quote:
Originally Posted by SXMGirl View Post
Keep in mind that if you don't already have egress that you will need it to meet code and that is an additional cost.
I don't believe you need separate egress unless you're looking at a separate sleeping area. In Michigan, finished basements couldn't be counted as "finished square footage" for the purposes of a sale without additional egress.. however, that didn't mean you couldn't legally finish your basement (flooring, drywall, ceilings, etc..) to use as a "rec room" or whatever.

You just couldn't count it as finished square footage.

Most of the homes in my neighborhood have finished basements of the size the OP is talking about.. Less than half have any additional egress. For most people they are a place for a bar, or additional family room (pool table), and "hang out" space.. maybe a home gym.

As a builder option to finish the basement was about $20k.

You should call some local contractors (this is the time of year for home shows... there will be numerous basement finishing companies at your local home shows) and get a quote.
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Old 03-03-2016, 05:01 PM
 
39 posts, read 38,370 times
Reputation: 47
My house is 2,450 sqft bought the house for 139k it was shocking how much I have had to put into this house... So far 50k but houses in this neighborhood sell for 250/300k.
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Old 03-03-2016, 05:16 PM
 
Location: Kirkwood, DE and beautiful SXM!
12,054 posts, read 23,352,236 times
Reputation: 31918
Briolat21, where I live you must have egress if you are putting up walls and laying flooring. It does not have to be an actual living space. While I am sure that it is different in other parts of the country, when I moved here, you did not need egress. More places are now requiring it for safety purposes.
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Old 03-03-2016, 06:00 PM
 
39 posts, read 38,370 times
Reputation: 47
Another word of advice is permits. When you do or get anyone to do work that needs a permit make sure you get one. Not everything needs a permit but if your area needs one get one.
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Old 03-03-2016, 08:47 PM
 
3,239 posts, read 3,543,464 times
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I finished my 1500 sq. ft. walkout basement 3 years ago for ~$20/sq.ft. doing much of the work myself. Basement was a walkout which already had windows/doors on the back wall. There were 2 2x6 bearing walls which I needed to incorporate into the finished space. I built a 2x4 wall about an inch from the poured concrete wall, ran all the electric. There were already rough ins for a full bath. It included a smaller heat pump for the basement as that was cheaper than zoning the 1st floor unit. I hired out insulation (spray foam), HVAC, drywall, trim, painting and carpet. I did design, carpentry, electric, plumbing, inspector management (had to pass like 9 different inspections), home theater equipment install and all the niggling stuff like re-routing 1st floor ducts/pipes/wires so they didnt hang down into the basement living space (or cause me to lose headroom to build excessive soffits).

Now I'm looking to move so I can repeat the process elsewhere. Next project I want to try this stuff: https://insofast.com/

Don't think my wife will go along with that though.
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Old 03-03-2016, 09:59 PM
 
Location: NYC
16,062 posts, read 26,749,614 times
Reputation: 24848
Our house was that size. We finished the basement and added a bathroom $20,000
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