If you’re interested in basement renovations Edmonton cost estimates that were recently released may offer a pleasant surprise for homeowners. This is especially true when you take into account the multiple benefits that basements can provide to a household.
In this article, we are going to break down some of the common barriers that many people fabricate especially when it comes to the pricing of basement renovations. Edmonton cost reports for basement renovations are at all-time lows but we’ll take a closer look at some very compelling reasons for you to start planning your basement renovation project sooner, rather than later.
The Importance Of Renovating Your Basement
Before we get into how much basement renovations, Edmonton cost, it’s important to drive home the important benefits that basements provide. After reading this, you’ll understand why pushing your renovation project back “for another time” is no longer necessary.
- Improved thermal efficiency for the home:
Recent studies have shown that houses with functional basements can potentially increase their thermal efficiency by up to 10%. Not only does this knock off a few dollars off your monthly bills, but it also helps keep your home warmer and more pleasant to live in.
- Boost your property value:
It’s a well-known fact that basements can increase the property value of your home. However, when you talk about recently renovated basements, Edmonton cost of homes can increase substantially.
- Add extra storage space and even a bedroom:
A basement is an extension of your home and can be customized to fit your particular needs and/or lifestyle. Whether you need the extra storage space for books and whatnot, or you need an office space or bedroom, a renovated basement will ensure that you stay in comfort at all times.
- Fixing old plumbing:
If you’re thinking about performing a basement renovation we highly suggest having a certified plumber taking a look at your plumbing system especially if your home is older than 20 to 30 years old. The additional price of hiring a plumbing contractor can save you money down the road. Fixing your plumbing system in your bathroom and other parts of your basement is something every homeowner should consider before any renovation.
The Cost Of Renovating A Basement In Edmonton
The process of renovating your basement has many different components, each of which carries their own costs. Unless you’re an experienced builder or construction worker, it’s likely that the overall costs will be higher (due to potential mistakes and damages) so this is not a weekend project you can try just to kill some time.
Let’s detail some of these different factors so you can get a good idea of the cost requirements:
- Square footage: Size is something that obviously matters in basement renovations, Edmonton cost estimates will be shown using the standard 2,000-square foot home.
- Framing: The cost to frame a basement is approximately $1 per square foot for the materials.
- Drywall: The installation costs approximately $1.50 per sq. foot. For the standard drywall panel itself, the cost is usually between $10 and $20.
- Ceiling: The average cost of a basement ceiling generally floats between the $3.50 to $4.30 per sq. ft. range.
- Floor: Laminating a basement floor will cost you about $1 to $3 per sq. ft. to complete.
Using the above figures, the average cost comes out to about $7.50 per square foot, which can total about $15,000 for the overall cost. Prices vary with the size of the basement, finishes, bathroom(s), plumbing, HVAC and other factors. Contact us for a 100% commitment-free estimate for your next basement or Edmonton home renovation project.