Basement finishing offers the best value for adding additional living area to any home. Bringing one of the best returns on investment while enhancing family living. Increasing valuable living space and home value in much less time, while being non-intrusive to your everyday living. More & more homeowners throughout Greater Boston are taking advantage by utilizing valuable wasted space & creating beautiful living spaces in their basements!
You must place a 10% deposit of the house’s purchase price if you want to reserve the house. Normally, the deposit is about $3,000 euros and above. The higher the cost of the apartment, the more deposits you have to pay. The rest can be paid monthly after you secure a mortgage from the bank. For off plan properties, you are expected to pay a deposit of about 30% of the purchase price.
You can use a rough figure of $39.00 to $45.00 a square foot for basic and complete basement finishing for basements 1000 square feet of larger. You will see some internet sites quoting lower rates, but after seeing hundreds of proposals in the last year $45.00 with carpet is about the average. For a higher quality finish with extra features (wet bar, built in cabinets, higher end fixtures) you will start around $50.00 a square foot and up.
If your plans will include any or all of these then you will need both a water supply and drain line to them. Water supply is rather easy since it can usually be built into the wall but a drain will require either cutting the concrete floor or building a platform for your bar to run the drain above the floor. Both of these options need to be factored into your basement bar planning budget.
For basements under 1,ooo square feet the average cost per square foot increases if you have a bathroom in the design. Recent examples I have seen include, a 800 square foot basement with bath room, recreation room, and two bedrooms with basic professional finish, $38,300.00 (from a lower priced company). If you count on $3700 for every 100 square feet finished you will have a good idea.