Renovating a basement in Calgary is one option for increasing the value of the property. Homeowners who are finishing a basement that’s unfinished will add considerable square footage to their homes.

One of the primary factors that homeowners have to consider for basement reno in Calgary is the cost of the project. While it’s possible to estimate that it will cost anywhere from $50,000 to $120,000 depending on many factors of design and finishes.

Basement Renovation Cost In Calgary

Basement renovation projects require permits and inspections, which are factored into the cost of the basement renovation. Labor costs, including skilled tradesmen and specialized contractors, are also a part of the cost of the project. These include things like installation of the plumbing and electrical work.

Besides those base expenses, there are others that come into the picture. Understanding these can help homeowners gauge what they should expect to see in an estimate.

Size of the Basement

The size of the basement directly impacts how much the project will cost. It affects the costs of certain items, such as the flooring and paint. Some of the base calculations are determined by the square footage.

Finishes and Materials

High-end materials will cost more than standard options. This can increase the basement renovation cost considerably if things like custom lighting, cabinets, flooring, and countertops are chosen.

Desired Features

Adding features to the basement can also increase the project cost. This includes things like bathrooms, wet bars, movie theater seating elevation, kitchens, gyms, or studios. Even adding rooms, such as bedrooms, can add to the cost because those must have framing, drywall, and insulation.

Tips for Managing the Costs of Renovating a Calgary Basement

Keeping the costs of the basement reno under control is critical for many homeowners. One of the best options is to prioritize the renovation components that are truly important. While it’s possible to compromise on materials sometimes, it’s never appropriate to drop those to substandard options. Other points where saving money may be possible include flooring, paint, and fixtures.

It may behoove homeowners to know their budget before they start to plan the renovation. It’s best to leave a 10 to 15% cushion for the project in case any aspects of the project are more costly than expected. This is especially true when there are custom elements, such as doors or cabinets, that must be commissioned.

Contact Our Basement Builders in Calgary

Projects centered around basement development in Calgary can run the gamut from adding more bedrooms to introducing a multimedia center. Each of these projects will have specific costs that must be factored into the estimate.

Our team at Kay2 Contracting & Home Renovations understands that homeowners only want the best for their homes. Custom basements can vary greatly in cost, so we work closely with every homeowner who turns to us for custom basement renovations in Calgary. Contact us to share your plan and get an estimate for your project costs.