Turning your unfinished basement into a livable space is an excellent way to increase the value of your home. It can be used as an entertainment area, spare bedroom, playroom, or home office – the possibilities are endless!
While finishing a basement may seem like a daunting project, it’s really not as expensive as you might think. To give you an idea of how much it costs to finish a basement in Newmarket, we’ve put together this handy guide.
What Does It Cost To Finish Your Basement In Newmarket?
The cost of a basement finishing job can vary widely, depending on a number of factors and the specifics of each project. On average, most homeowners throughout Canada spend between $35 and $55 per square foot to renovate their basement. If you’re doing it yourself (DIY), it may cost you anywhere between $17.50 to $27.50 per square foot.
This might seem like a lot of money, but research shows that the ROI for basement finishing is typically high – you can expect to recoup 70% of the cost when you sell your home.
To get an accurate estimate of the cost to finish your basement in Newmarket, you may want to consult with a professional basement finishing company or ask friends and neighbors who have already completed a similar project.
7 Factors That Determine The Cost To Finish Your Basement
How much it will cost to finish your basement in Newmarket is difficult to pin down, as there are several factors that could potentially affect the price.
Here are some of the biggest factors you should keep in mind:
- The square footage of your basement
- Your basement’s current condition
- The complexity of the design
- The quality of materials you select
- Labor costs and permit fees
- Your geographic location
- Customizations or additional features
Castle Ridge Construction – We Do It All For You!
If you’re thinking of finishing your basement in Newmarket and don’t know where to start – we can help!
When you choose to hire Castle Ridge Construction to finish your basement, you get a team of dedicated professionals who will help you turn your unfinished basement into a beautiful, livable space. We’ve been in business for over 30 years and have completed hundreds of renovation and remodeling projects in the Newmarket area.
We also specialize in bathroom and kitchen renovations throughout the Aurora and Newmarket areas. No matter what your renovation project is, from a small addition to a major overhaul – we can help you every step of the way.
Contact us today for a free consultation!