Basement Finishing Cost Management Tips – Where to Splurge and Where to Save?

Basement Finishing Cost Management Tips – Where to Splurge and Where to Save?

Basement finishing and remodeling can cost very high if you don’t set out your priorities during the planning phase. This is particularly important for homeowners who want to convert their unfinished and boring basements into an aesthetically appealing functional space, but also want to stay within a certain budget.

Knowing where to splurge and what areas you can save on is the key to keep the cost in a certain limit. Here are some tips that will help you do just that:

Things to Splurge On

Here are some of the things in a basement finishing or remodeling project that are worth splurging on:

· Ceiling Insulation

In view of the fact that the noise of footsteps can be significantly loud on hardwood floors, it is good to invest in fiberglass batt insulation for the basement ceiling. This is particularly helpful if your purpose of basement finishing is to create a peaceful space in your house where you can work or simply relax without getting disturbed by the noise from upstairs.

· Lighting

Lighting plays a crucial role in creating the vibe of a place – wrong lighting can make your basement look dull and gloomy, whereas the right lighting fixtures and their placement can help highlight beautiful features and can also make your space look spacious.

No matter how much you have spent on installing wonderful features in your basement, they won’t help in enhancing its look and appeal if the lighting is poor.

Depending on the structure and design of basement and your needs, you may need multiple kinds of lighting fixtures. For example, you will need task lighting for work areas and focal lighting to highlight the best features of your basement.

Areas Where You Can Save

· Skip Rooms If Not Necessary

If you are not planning to earn some extra money by renting your basement or want to create a separate living space for your children or parents, then you may skip the construction of separate rooms. Opting for an open space reduces the cost of basement finishing (drywall, doors and other such features significantly increase the price) and also make it look bigger and spacious.

· Skip the Full Kitchen and Fabulous Bar

Unless you are creating a basement apartment or throw parties every weekend, you can save a couple of thousand dollars by skipping the full kitchen and luxurious bar. Instead, you can have a fridge and prefab cabinets to fulfill your occasional needs.

If you are getting your basement finished or planning for it, remember and use these tips to avoid exceeding your budget. Also, make sure to contact an experienced and reliable basement finishing company, such as SALT, as the qualified professionals can also guide you about various ways to save money.

Summary

Basement finishing and remodeling can cost very high if you don’t set out your priorities during the planning phase. This is particularly important for homeowners who want to convert their unfinished and boring basements into an aesthetically appealing functional space, but also want to stay within a certain budget.

The article highlights some of the things in a basement finishing or remodeling project that are worth splurging on and areas where you can save.

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