Renovation Cost

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?

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.