Cost to finish basement

[Anonymous]

Hi, we are looking to finish our 1500 sq ft basement, add walk up, kitchen, full bath, and finish a bedroom. What would be a reasonable estimate for this work in Fairfax? Could folks who have recently finished basements share their costs please?

[Anonymous]

its going to depend on the state of the basement, if you have exposed HVAC routes, if the ceiling is high enough or requires a dig down, existing windows or not. yada yada.

[Anonymous]

We recently did something similar and it was around $200k. Renovate bathroom, add exterior window, new windows, new floors, new kitchen, 2nd bathroom added, new floors, new lighting. We didn't really move any walls.

[Anonymous]

Anonymous wrote:We recently did something similar and it was around $200k. Renovate bathroom, add exterior window, new windows, new floors, new kitchen, 2nd bathroom added, new floors, new lighting. We didn't really move any walls.

for all that, probably this much.

[Anonymous]

Thank you, this helps to get an idea

[Anonymous]

$200k sounds about right…

[Anonymous]

For our same size basement which will be a rec room, bedroom, workout room, one egress window, and full bathroom, we were quoted $100k. Yours is much more than that so I would expect it to cost at least $50k more.

[Anonymous]

A number of years ago my neighbor said she couldn’t get less than $30K.

It was relevant because my house was on the market for $600K and I ended up bidding $615K and winning. It has a finished basement. A few months later she got the same model a few houses down, without a finished basement for $600K and she was telling me I made the right move with my bid because she can’t finish her basement for what I paid.

[Anonymous]

I meant to say hers was without a finished basement

[Anonymous]

Ours was $150, built our 4 rooms, but no kitchen.

[Anonymous]

100K for ours similar features as you described.

[Anonymous]

Thanks all, very helpful. I guess the excavation cost adds significant additional cost for us. Ours is an underground basement without a slope. Thoughts on ROI of making it a walkout basement vs not?

[Anonymous]

Anonymous wrote:Thanks all, very helpful. I guess the excavation cost adds significant additional cost for us. Ours is an underground basement without a slope. Thoughts on ROI of making it a walkout basement vs not?

lol. you can’t just snap your fingers and have a walk-out basement. If the ROI was good every single new build would have a walk-out basement. If you don’t live on a hill you don’t have a walk-out basement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Thanks all, very helpful. I guess the excavation cost adds significant additional cost for us. Ours is an underground basement without a slope. Thoughts on ROI of making it a walkout basement vs not?

lol. you can’t just snap your fingers and have a walk-out basement. If the ROI was good every single new build would have a walk-out basement. If you don’t live on a hill you don’t have a walk-out basement.

+1
Every house on my side of the street has a fully below-grade basement. The street slopes away on the other side so every house across us has a walkout basement. We just added egress windows.

[Anonymous]

how much does it cost to add an egress window