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.

With sources from: morningchores.com, remodelingcalculator.org, inchcalculator.com, homeadvisor.com and many more

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.

Sources Icon Sources

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."

Sources Icon

Statistic 2

"Nationally, basement remodeling costs average $52,275-$74,834."

Sources Icon

Statistic 3

"The square footage cost can be between $30 and $75 when working on basement finishing."

Sources Icon

Statistic 4

"Costs can get as high as $90 per square foot for complex designs."

Sources Icon

Statistic 5

"DIY basement finishing can cost as low as $5,000."

Sources Icon

Statistic 6

"The average price to finish a small basement (400-700 square feet) is about $15,000."

Sources Icon

Statistic 7

"Finishing a large basement (1,400+ square feet) could cost as much as $30,000 or more."

Sources Icon

Statistic 8

"A basic unfinished basement to finished transformation typically ranges from $32-$47 per square foot."

Sources Icon

Statistic 9

"The cost return on investment (ROI) for a finished basement is about 70%."

Sources Icon

Statistic 10

"Creating a luxurious basement could cost upwards of $55-$75 per square foot."

Sources Icon

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."

Sources Icon

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."

Sources Icon

Statistic 13

"The cost to finish a basement and turn it into a livable space ranges from $6,500 to $18,500 on average."

Sources Icon

Statistic 14

"The materials for an average basement remodeling project typically cost between $3,000 to $5,000."

Sources Icon

Statistic 15

"Drywall costs for basement remodels range from approximately $1,000 to $3,000."

Sources Icon

Statistic 16

"The average cost per square foot to finish a basement is $25–$50."

Sources Icon

Statistic 17

"The cost of finishing a basement bedroom averages between $50-$75 per square foot."

Sources Icon

Interpretation

In conclusion, the cost to finish a basement can vary significantly based on factors such as square footage, complexity of design, DIY versus professional labor, and desired level of luxury. The average cost falls around $18,960, with square footage costs ranging from $30 to $90. DIY projects can be as low as $5,000, while transforming a large basement can exceed $30,000. The return on investment for a finished basement is typically around 70%, making it a worthwhile investment for homeowners. Overall, the price range for finishing a basement is broad, accommodating various budgets and preferences.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!