Reigning in Your Basement Renovation Budget

Basement renovation Once you’ve planned out your dream finished basement, the price tag can be staggering.  Although cutting corners in construction to save money is a sure bet for problems down the road, reassessing your priorities can keep your basement renovation budget reasonable while still maintaining a high-quality basement remodel that you’ll enjoy for years to come.

In the end, the most important amenities will depend upon your intended use for your basement.  However, because some features are more costly than others, it’s advisable to think long and hard about which amenities you’ll get the most use from.

Basement Bars

If you’re a hardcore entertainer and regularly throw large get-togethers, a fabulous full basement bar may be just what you need.  However, if you only have guests occasionally, consider toning down your bar a bit.

The sink is the most costly component of a full bar, so if you don’t anticipate frequent use, you can cut costs by simply installing cabinets and a fridge.  This setup still allows you to serve drinks, but doesn’t require plumbing work.

Guest Bedrooms

A guest bedroom is frequently something you’ll only use a few times a year, such as for holidays or other special occasions.  If you don’t plan on having overnight guests all that often, a basement guest bedroom may not be for you.  However, if you frequently have guests or plan to expand your family, an additional bedroom may be just what you need.

Separate Rooms

The expense of doors, studs and drywall needed to create separate rooms quickly adds up.  Having one large space is much cheaper, so unless you have a specific need to close certain areas off, this is a feature you might be able to do without.

Downsizing

Many basements span the entire floor plan of the home, and are thus very large spaces.  It’s therefore entirely possible that you won’t need all of the space in your finished basement; just because it’s there doesn’t mean you have to use it.  Downsizing your plan will cut your budget, and you won’t enjoy your new space any less.

Purchasing Standard Sizes

Buying prefabricated, standard-sized cabinets and countertops avoids the extra cost of custom work.  If it’s possible to use standard sizes for these features, be sure to do so.

Are you currently undertaking your own basement finishing project?  If so, what factors influenced your final budget, and what are your own suggestions about reigning in your basement renovation budget?  Leave us your thoughts in the comment section.

Three Things You Should Know About Basement Finishing

services_basementsBasement finishing adds to your home’s usable square footage and resale value, allowing you and your family to enjoy your home more and making it easier to sell when the time comes.  However, basement finishing is a big job and shouldn’t be undertaken lightly.  Take these considerations into account before beginning.

Is Your Basement Dry?

Moisture and water damage is a major issue for finished basements, and even a small leak can cause thousands of dollars worth of damage.  One of the major issues with basement renovation Toronto homeowners in particular face is moisture because of our considerable annual snowfall.

Before beginning your basement renovation project, make sure that you’re ruled out water issues.  Outside of your home, make sure that the ground is sloped away from the foundation walls, and that the downspouts are functioning properly.  Inside, check the floor, ceiling, walls and drywall for any sign of water damage or mold.

Are You Up to Code?

Check your local building codes, and find out whether you need a permit for your basement remodeling project.  Also make sure that all electrical work is up to code.  Finally, if you plan to use your finished basement as an apartment, be sure that it meets all local regulations.  It may be advisable to consult with a professional basement finishing contractor at this stage of your project planning.  A well-qualified professional will be familiar with all local regulations, and will be able to check over any plans for electrical work.  Fortunately for basement finishing Toronto homeowners have many excellent contractors available.

Are You Within Your Budget?

Basement finishing can be quite costly.  Make sure that all aspects of your project are within your budget so that you don’t overspend or end up with an incomplete remodel that you can’t afford to finish for years on end.  Also be sure to leave a little “wiggle room” so that if things go wrong you’re not over your head financially.

A basement finishing project can be very rewarding if it’s well planned.  If you keep these considerations in mind and carefully plan your project, you’ll be well on your way to a finished basement you can enjoy for years to come.

If you’re currently involved in your own basement renovation project, we’d love to hear your input.  What would you recommend homeowners take into account before starting this project?  Tell us all about it in the comments section.

DIY Basement Finishing

basement-finishing-contractorIf you’re looking to make better use of your basement without breaking the bank, a partial basement renovation may be the best option.  You can also save money by doing part or all of your basement renovation on your own.

 Here we discuss some potential basement renovation options that will make your basement more inviting, but are also inexpensive and easy to install.  For a cheap basement renovation, you may also opt to only install some of the options and leave other features unchanged.

 DIY Basement Flooring

 The most important aspect for any basement floor option is that it be waterproof in the event of a flood.  This protects your investment and helps to prevent costly water damage.

Stained concrete is among the cheapest and easiest basement flooring options.  This involves prepping the surface such that it is smooth and doesn’t show seams using a sander and perhaps a thin layer of special finisher concrete, and then applying a specialized concrete stain and sealant.

If you’re looking for a more advanced but inexpensive option, laminate flooring is another potential basement flooring option.  Advanced amateurs can typically install laminate flooring, but if you’re inexperienced in home repair it may be best left to professionals.  For basement renovation Toronto homeowners have many excellent basement remodeling contractors available.

 DIY Basement Walls

 Simply painting bare walls can significantly improve you basement’s appearance, and the color scheme can be customized to your personal preference.  This is an easy job even if you’re fairly inexperienced in home renovation, and can usually be completed within a day or two.

For a more polished but inexpensive look, you can also use wooden side panels or house siding.  These options are typically a few hundred dollars, and are easily installed by intermediate amateurs.

 DIY Basement Ceilings

 Exposed ceiling are actually quite stylish at the moment, so a simple coat of paint could be an excellent finished basement ceiling option.  We recommend opting for darker colors that minimize contrast.  A paint sprayer might make this job easier.  Most local hardware stores offer fairly inexpensive paint sprayer rental.

If you’re after a more polished look, you can also install a drop ceiling, similar to those seen in office buildings and schools.  This is easily installed by most amateurs, but if you don’t have much home renovation and repair experience, it may be best to consult a professional.

We’d love to hear about your own DIY basement finishing experiences and ideas as a homeowner.  Tell us all about it in the comments section.