GITNUX MARKETDATA REPORT 2024
Statistics About The Average Price To Finish A Basement
The average cost to finish a basement in the United States ranges from $30 to $100 per square foot, with the national average being around $40 to $50 per square foot according to recent statistics.
In this post, we explore the wide range of costs associated with finishing a basement in the United States. From DIY projects to luxurious transformations, we break down the average prices per square foot, total project costs, and return on investment figures to provide a comprehensive overview of what to expect when undertaking a basement remodeling project.
Statistic 1
"The average cost to finish a basement is approximately $18,960."
Statistic 2
"Nationally, basement remodeling costs average $52,275-$74,834."
Statistic 3
"The square footage cost can be between $30 and $75 when working on basement finishing."
Statistic 4
"Costs can get as high as $90 per square foot for complex designs."
Statistic 5
"DIY basement finishing can cost as low as $5,000."
Statistic 6
"The average price to finish a small basement (400-700 square feet) is about $15,000."
Statistic 7
"Finishing a large basement (1,400+ square feet) could cost as much as $30,000 or more."
Statistic 8
"A basic unfinished basement to finished transformation typically ranges from $32-$47 per square foot."
Statistic 9
"The cost return on investment (ROI) for a finished basement is about 70%."
Statistic 10
"Creating a luxurious basement could cost upwards of $55-$75 per square foot."
Statistic 11
"On average, basement remodeling costs around $20,800 for a simple finish of a 12x20 foot room with electrical wiring, drywall, and carpeting."
Statistic 12
"On average, basement remodeling projects have a return on investment of 70 to 75 percent, meaning that you'll typically be able to recover most of the cost when selling your home."
Statistic 13
"The cost to finish a basement and turn it into a livable space ranges from $6,500 to $18,500 on average."
Statistic 14
"The materials for an average basement remodeling project typically cost between $3,000 to $5,000."
Statistic 15
"Drywall costs for basement remodels range from approximately $1,000 to $3,000."
Statistic 16
"The average cost per square foot to finish a basement is $25–$50."
Statistic 17
"The cost of finishing a basement bedroom averages between $50-$75 per square foot."
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Jannik Lindner
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