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New! 2024 Promotion

Get your legal basement unit constructed, complete with engineer services, drawings, egress windows, materials, and permit procurement, all for just...: $97.00 per square foot*

*This promotion applies to basements that are 750 sq ft and up.

For many homeowners, the basement represents valuable, yet often neglected, space. Whether it's for entertaining, unwinding, exercising, or any number of other purposes, transforming your basement into an appealing, functional area should be a priority when considering renovations.

 

However, renovating a basement entails extensive planning and execution. From conceptualizing the design to putting the finishing touches, considerable effort is required to realize your vision. This guide will delve into the necessary tasks and expenses involved, aiding you in adequately preparing for your upcoming renovation endeavor.

BASEMENT RENOVATIONS

Add Extra Value to Your Home

What Is The Typical Cost?

The expenses for renovating your basement will primarily hinge on several critical factors, with the initial factor being the square footage of the area. Larger spaces will necessitate increased labor and materials, resulting in higher overall costs. As a guideline, anticipate the following cost estimates in Canadian dollars for basements of various sizes:

  • 400-600 sq. ft. = $41,580 - $51,480

  • 600-800 sq. ft. = $51,975 - $67,615

  • 900-1000 sq. ft. = $76,230 - $84,843

  • 1100-1400 sq. ft. = $92,060 - $118,800

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Although material quality and project complexity will skew the figures slightly, these numbers should provide you with a ballpark range of what a proper basement renovation will cost depending on the size of the space.

Basement Renovation Minimum Cost
- 500sq/ft and smaller

With 3pce bathroom Starting from $41,074

All materials included.

  • Architectural drawings up to OBC Standards (layout of future basement)

  • Design (our in-house designer will help you to select all finishing materials and colors)

  • Dedicated Project Manager

  • Property Protection

  • Framing to OBC Standards

  • Electrical rough ins

  • ESA inspection

  • Rough in plumbing.

  • Insulation of outside walls to OBC standards.

  • Drywall/taping/Prime

  • Waterproofing shower/tub area walls with liquid rubber membrane.

  • Wall Tile installation

  • Floor tile installation

  • Flooring installation

  • Trims (baseboards and casing)

  • Doors installation

  • Painting.

  • Plumbing Fixtures installation

  • Installation of a vanity, mirror, light fixture, and accessories.

  • Professional cleaning

Supplied by Master Homes Contracting Materials.

  • Framing

  • Electrical wiring

  • Plugs switches etc.

  • Insulation

  • Vapour barrier

  • Drywall

  • Mud

  • Plaster

  • Tape,

  • Mesh

  • Corner bids

  • Primer

  • Flooring underlay

  • Flooring (Laminate/vinyl)

  • Trim (baseboard, casing door jambs)

  • Interior Doors

  • Flooring Tile

  • Wall tile

  • New toilet

  • New vanity

  • New vanity faucet

  • New Shower Fauset (rough-in and finishings)

  • New shower base

  • New shower glass partition.

  • 3pce Accessories

  • Paint.

Basement Renovation Minimum Cost
- 750sq/ft and smaller

With 3pce bathroom Starting from $51,967

All materials included.

  • Architectural drawings up to OBC Standards (layout of future basement)

  • Design (our in-house designer will help you to select all finishing materials and colors)

  • Dedicated Project Manager

  • Property Protection

  • Framing to OBC Standards

  • Electrical rough ins

  • ESA inspection

  • Rough in plumbing.

  • Insulation of outside walls to OBC standards.

  • Drywall/taping/Prime

  • Waterproofing shower/tub area walls with liquid rubber membrane.

  • Wall Tile installation

  • Floor tile installation

  • Flooring installation

  • Trims (baseboards and casing)

  • Doors installation

  • Painting.

  • Plumbing Fixtures installation

  • Installation of a vanity, mirror, light fixture, and accessories.

  • Professional cleaning.

Supplied by Master Homes Contracting Materials.

  • Framing

  • Insulation

  • Electrical wiring

  • Plugs switches etc.

  • Vapour barrier

  • Drywall

  • Mud

  • Plaster

  • Tape,

  • Mesh

  • Corner bids

  • Primer

  • Flooring underlay

  • Flooring (Laminate/vinyl)

  • Trim (baseboard, casing door jambs)

  • Interior Doors

  • Flooring Tile

  • Wall tile

  • New toilet

  • New vanity

  • New vanity faucet

  • New Shower Fauset (rough-in and finishings)

  • New shower base

  • New shower glass partition.

  • 3pce Accessories

  • Paint.

Basement Renovation Minimum Cost
- 1000sq/ft and smaller

With 3pce bathroom Starting from $65,498

All materials included.

  • Architectural drawings up to OBC Standards (layout of future basement)

  • Design (our in-house designer will help you to select all finishing materials and colors)

  • Dedicated Project Manager

  • Property Protection

  • Framing to OBC Standards

  • Electrical rough ins

  • ESA inspection

  • Rough in plumbing.

  • Insulation of outside walls to OBC standards.

  • Drywall/taping/Prime

  • Waterproofing shower/tub area walls with liquid rubber membrane.

  • Wall Tile installation

  • Floor tile installation

  • Flooring installation

  • Trims (baseboards and casing)

  • Doors installation

  • Painting.

  • Plumbing Fixtures installation

  • Installation of a vanity, mirror, light fixture, and accessories.

  • Professional cleaning.

Supplied by Master Homes Contracting Materials.

  • Framing

  • Electrical wiring

  • Plugs switches etc.

  • Insulation

  • Vapour barrier

  • Drywall

  • Mud

  • Plaster

  • Tape,

  • Mesh

  • Corner bids

  • Primer

  • Flooring underlay

  • Flooring (Laminate/vinyl)

  • Trim (baseboard, casing door jambs)

  • Interior Doors

  • Flooring Tile

  • Wall tile

  • New toilet

  • New vanity

  • New vanity faucet

  • New Shower Fauset (rough-in and finishings)

  • New shower base

  • New shower glass partition.

  • 3pce Accessories

  • Paint.

Basement Bathroom Renovation Cost

The cost of labour, trades, and all rough materials only
Starting from: $23,758
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  • Design (our in-house designer will help you to select all finishing materials and colors)

  • Property Protection

  • Demolition and disposal.

  • Prep work

  • Rough Plumbing check.

  • Drain work below grade. (including breaking existing concreate slab and reinstatement after drain work)

  • Rough in plumbing.

  • Drywall/taping

  • Waterproofing shower/tub area walls with liquid rubber membrane.

  • Wall Tile installation

  • Floor tile installation

  • Painting.

  • Plumbing Fixtures installation

  • Installation of a vanity, mirror, light fixture, and accessories.

  • Professional cleaning.

  • New Flooring Tile

  • New toilet

  • New vanity

  • New vanity faucet

  • New Shower Fauset (rough-in and finishings)

  • New tub/shower acrylic

  • New Shower glass enclosure

  • 3pce Accessories

Legal Basement Aparment Min Cost
- 750sq/ft and smaller

With 3pce bathroom Starting from $74,998

All materials included.

  • Architectural drawings up to OBC Standards (layout of future basement)

  • Permit submission and acquisition.

  • Design (our in-house designer will help you to select all finishing materials and colors)

  • Dedicated Project Manager

  • Coordinating with city hall

  • Passing all inspections with city inspector

  • Providing full documentation and closet permit at completion.

  • Property Protection

  • Egress window installation (including cut-out and proper drain system)

  • Framing to OBC Standards

  • Electrical rough ins

  • ESA inspection

  • Rough in plumbing.

  • Insulation of outside walls to OBC standards.

  • Drywall/taping/Prime

  • Waterproofing shower/tub area walls with liquid rubber membrane.

  • Wall Tile installation

  • Floor tile installation

  • Flooring installation

  • Trims (baseboards and casing)

  • Doors installation

  • Kitchen cabinets installation

  • Countertop installation

  • Painting.

  • Plumbing Fixtures installation

  • Installation of a vanity, mirror, light fixture, and accessories.

  • Professional cleaning.

Supplied by Master Homes Contracting Materials.

  • Framing

  • Electrical wiring

  • Plugs switches etc.

  • Insulation

  • Vapour barrier

  • Drywall

  • Mud

  • Plaster

  • Tape,

  • Mesh

  • Corner bids

  • Primer

  • Flooring underlay

  • Flooring (Laminate/vinyl)

  • Trim (baseboard, casing door jambs)

  • Interior Doors

  • Flooring Tile

  • Wall tile

  • New toilet

  • New vanity

  • New vanity faucet

  • New Shower Fauset (rough-in and finishings)

  • New shower base

  • New shower glass partition.

  • 3pce Accessories

  • Paint.

Basement Renovation Cost Factors

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Similar to any home improvement endeavor, the primary expenses for your basement renovation will arise from materials and labor. This holds especially true for larger basement projects, where the scale and intricacy amplify these costs. Depending on the size and complexity of your renovation, you can anticipate investing numerous hours in construction and thousands of dollars in materials.

As projects become more intricate, pricing adjusts accordingly, with premium materials and intricate designs incurring higher expenses compared to standard options. It's important to view your basement renovation as an investment in both your home's value and your lifestyle quality. Thus, it's essential to strike a balance that aligns with your budget.

 

Factors Affecting Basement Renovation Costs

Like any other home renovation, materials and labor are the primary cost contributors for basement renovations. This is particularly pronounced for extensive basement projects, where the magnitude and intricacy escalate these expenses. Depending on the scope and complexity of your renovation project, you'll likely spend numerous hours on construction and invest thousands of dollars in materials.

As projects become more complex, pricing adjusts accordingly, with premium materials and intricate designs incurring higher costs than their standard counterparts. It's crucial to view your basement renovation as an investment in your home's value and your quality of life. Therefore, finding a balance that fits your budget is paramount.

Breakdown of Basement Renovation Costs

Embedded within labor and material quality costs are several technical renovation elements to consider for your project. These encompass everything from initial planning to infrastructure and development. Below, we'll delve into these aspects in detail and outline the expected price ranges.

Building Permits

Prior to commencing your basement renovations, you will need to obtain the necessary permits and permissions from local government authorities. Expect this aspect of the project to incur expenses ranging from $3,465 to $4,950, depending on the complexity and size of your project.

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Inspections

If you're incorporating plumbing or electrical features into your basement renovations, inspections are necessary. They guarantee that the work meets municipal standards and safeguards against issues like leaks and electrical fires. Inspection expenses fluctuate based on project size and the extent of plumbing and electrical work involved.

Plumbing

Your recently remodeled basement must be equipped with a water connection for the installation of a bathroom, sink, etc. It's essential to hire a plumber to verify the proper installation and functionality of water and sewage lines. The on-site plumber will bill you an hourly rate based on the complexity of the task and the time required for completion.

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Framing

If you're planning renovations that will entail creating several rooms, you should factor in the expense of framing a basement. Framing expenses hinge on factors such as demolishing old walls and constructing additional walls and doorways. Expect framing costs to fall within the range of $14.85 to $29.70 per linear foot.

Insulation

To effectively manage temperature and maintain warmth in your basement, it's essential to guarantee proper insulation of both new and existing walls by engaging a skilled team. The cost for standard rigid and spray foam insulation options typically ranges from $1.50 to $5.50 per square foot, covering materials and installation labor.

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Drywall Installation

If you decide to add more walls during your renovation process, it's essential to factor in the expenses associated with basement drywalling. The cost varies significantly based on the type of drywall material you choose. Typically, expect to spend around $15 per sheet for the drywall itself. Additionally, installation costs typically range from $1 to $3 per square foot.

Apart from standard drywall, you may also opt for special textured finishes such as soundproofing and mold resistance. However, keep in mind that these options will incur extra expenses. For instance, soundproofing starts at $50 per 4×8 panel.

Flooring

The flooring in your basement sets the tone for visitors and should leave a lasting impression. Depending on your basement's style and budget, you have several flooring options to consider:

  1. Vinyl Flooring: This budget-friendly option offers a modern aesthetic, typically costing between $1 and $8 per square foot for an average-sized basement.

  2. Engineered Wood: Adding elegance and comfort, engineered wood provides a premium flooring option at a relatively affordable price, ranging from $6 to $12 per square foot.

  3. Porcelain or Ceramic Tiles: These traditional choices offer a unique basement experience, albeit at a higher cost, typically between $9 and $15 per square foot.

  4. Carpeting: Focused on warmth and coziness, carpeting creates a welcoming atmosphere. While not for everyone, quality carpet can enhance the basement ambiance, with prices ranging from $15 to $30 per square foot.

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Ceiling

A basement renovation wouldn't be truly finished without a stunning new ceiling. While it may seem like a standard aspect of the project, there are numerous ceiling options to choose from, each offering distinct styles at varying price points. The three most prevalent options are as follows:

  1. Drop Ceilings utilize acrylic panels to craft a sophisticated design that gives the impression of luxury without the hefty price tag. This affordable yet stylish choice typically ranges from $2 to $6 per square foot.

  2. Sheet Paneling employs traditional ceiling materials to create a timeless, elegant look that stands the test of time. This widely used option typically costs between $12 and $30 per panel.

  3. Tongue and Groove Wood utilizes top-notch materials to fashion a refined, multi-layered ceiling aesthetic. Despite its high quality, this option remains the most budget-friendly, typically priced between $1 and $3 per square foot.

Painting

The choice of paint for your basement walls significantly influences the ambiance and atmosphere of the area. Opting for lighter hues will impart a sense of brightness and spaciousness, ideal for gatherings and vibrant activities. Conversely, darker tones will foster a snug and inviting environment, perfect for unwinding and coziness. Both alternatives offer merits, contingent upon the desired basement aesthetic. However, anticipate painting costs to vary between $5 and $8 per square foot. Additional expenses may arise depending on factors like the number of coats needed and intricacy of design, such as patterned or contrasting walls.

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Bathroom Addition

Including a bathroom in your basement during renovations will provide significant convenience in the future, as well as increase the resale value of your home. The expenses involved will vary depending on whether you opt for a two-piece, three-piece, or custom-designed bathroom, but you can expect costs to fall between $9,900 and $24,750.

Electrical

The choice of lighting you make for your new basement will significantly influence its final appearance. Whether you decide on conventional ceiling lights, recessed pot lights, or any other available options, it's essential to enlist the expertise of a skilled electrician to ensure the job is done accurately. Anticipate this aspect of the project to incur costs ranging from $15 to $30 per square foot, with the total hours required contingent upon the project's size and as quoted by the tradesmen.

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