Get a bigger home without having to move by investing in a basement upgrade. Discover how you can make the most of the space in your home.
Finishing your basement can add value and living space to your home for less than it would cost to add a whole addition. With a little investment, you can turn them into a recreation room for the family, an office space or workshop, an entire apartment even—the possibilities are endless when it comes to basements.
The thing about a basement reno is that it can be small, like putting in drywall and basic flooring, or a full-scale project involving rooms, plumbing electric wiring, and more. Planning your basement renovation carefully and having a clear vision of what you want will ensure the best outcome. Consider your vision, budget, and desired results as you go through the following steps.
Make a list of what you want, including what the rooms will be used for, possible finishes, lighting, plumbing, and special features like a fireplace, basement bar, or home gym. The more detail you can include upfront, the better idea you’ll have of how much your project is going to cost.
Using our free renovation calculator will help you plan better. Once you have a number in mind, you can figure out ways to work around it. For example, in your detailed assessment, you’ll be able to see where you can give and take to stay within your budget. Keep in mind that a basement renovation loan can help make your budget stretch even farther.
You may love to DIY, but unless you have experience with large spaces like a basement, it’s in your best interests to trust an expert. Hiring a professional contractor can save you loads of time and money in the long run. Submit your basement project now to get started with leading contractors in your area.
The cost of finishing a basement will obviously vary depending on the current state of your basement and what you’re looking to get done. They can range anywhere from $15,000 to over $50,000. Your location and fluctuating labour and material prices will have an impact as well. With MyHomeUpgrade.ca’s free renovation calculator, you can put in the details of exactly what you need, and we’ll provide you with a detailed estimate of how much you can expect to pay based on rates from recommended contractors in your area. Interested in financing? No problem. We can help with that too.
You’ve chosen all the basic functions you’d like to see in your new basement—now it’s time to level up. Here are some special features to consider that can help make your new space even better.
If you’re turning your basement into a game room, home theatre, or playroom for the kids, the noise from these activities can easily filter up to the rest of the house. Soundproofing will keep it contained. This can be done by adding insulation to the ceiling, and by choosing a flooring solution that won’t amplify foot traffic.
One of the most common mistakes people make when renovating their basement is getting rid of all their storage space. It’s tempting to squeeze in as many livable rooms as possible but remember to put aside at least 10 square feet for storage. You won’t regret it!
Adding a separate entrance is costly, but it’s also a must-have if you’re looking to add value to your property. It’s essential for in-law suites, income units, or if you plan to have frequent visitors in the space. Even if you don’t intend to rent out your basement suite now, this makes it easier to do so down the road.
Consider adding an additional bedroom or bathroom to expand the living space of your home. Not only can this improve the functionality of your home but will also come in handy if you have older children, frequent visitors, or just need a change of scenery every once in a while.
Take the stress out of budgeting for your basement remodel with flexible financing options, powered by SNAP Home Finance, that you can rely on.
Plan your renovation with expert guidance. We work with only the most trusted contractors in your area who are all:
