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For a basic full-home remodel, one must spend between $100 and $200 per square foot (PSF). This is the average cost for every house section, whether kitchen, bathroom, living room or others.
Many people prefer having bigger living spaces. Whether they want a home that accommodates their growing family, extra storage, or office space, finishing the basement provides the much-needed additional space.
Unfortunately, as excited as you may be about finishing the basement, it may be overwhelming and rarely comes cheap. So, exactly how much is it to finish a basement?
In Toronto, pricing for the basement is calculated based on the square feet. Professionals charge between $5 and $30 for each square foot. The average square feet for a basement should be 1000 sq ft. This means that the cost of a basement in Toronto is pegged between $5,000 and $30,000.
An unfinished basement is prone to water damage and can quickly turn ugly and smell funky due to the presence of molds. Also, the unused space can quickly become a harboring ground for pests and rodents.
Finishing the basement is a foolproof strategy that maintains your home in excellent condition. It also provides extra space and helps homeowners monetize.
And the best of all, real estate experts have proved time and again that basements increase your home’s value! No wonder an increasing number of home buyers take a keen interest in houses that boast functional basements.
So, how much value does a finished basement add?
The basement of your house is an area that you can make very good use of if you will work on it appropriately. You can transform your basement into a living room, a gym, a relaxing place, or any other use you may want to put it to. All you need is to beautify it in accordance with what you want to use it for.
Commercial bathroom renovations can help build your brand’s reputation and even retain customers because they show concern for your clients’ needs, not just emptying their wallets. However, the cost of such a project can vary greatly depending on the size of the bathroom and the scope of the proposed renovation work.
With the concrete walls and floor, you most probably think that your basement has no value. This is not the case. With a good finish, the value of your home is likely to go up. Homes with good basement finishes fetch a fortune in Toronto. It is therefore important that you find out what it will cost you to finish the basement by either hiring a contractor or opting for DIY.
Basements can range from partial basements to full basements, walk-ins and walk-outs. In this guide we will look at some of the main types, the options for their use, and the benefits and disadvantages that this entails.
Before you build something, you need to clear the area from anything unnecessary. Often, this “unnecessary” is the old house or capital farm buildings. And they are not as easy to get rid of as an extra tree or a pile of construction waste. How to demolish an old private house on your land, what do you need and what moments to pay special attention to?
Underpinning a basement is a process of reinforcing its structure and making it a safe, livable space. The cost of basement underpinning in Toronto ranges from around $100 to $400 per square foot. So, you might be looking at $10,000 to $20,000 for a basement space on the smaller side, like 150 square feet, or closer to $100,000 or beyond for a large one, like 1,500 square feet or more.