Tips for Finishing Your Basement on a Budget

Tips for Finishing Your Basement on a Budget

Keeping your basement remodel within budget may be more challenging than you think. In fact, home improvement projects, in general, are known to be expensive. However, with a little planning and a few tips, you can finish your basement while staying in budget. Follow along in order to stay on top of your next basement remodel!

Stay Within Project Scope

Stay Within Project Scope

It's not uncommon for a basement project to get out of hand! Like all home improvement projects, basement remodels have three major elements: Time, Budget, Scope. If the scope of the project gets out of hand, there's a good chance it will prevent you from meeting your budget and time schedule. Make a plan and stick to it! You want to be realistic about what you want to accomplish with the remodelling project. Major construction changes can quickly add additional expenses; so, once you've started your project, don't lose focus on your goal.

Do Your Research

Do Your Research

Research can be the most entertaining part of the entire remodel because you have the opportunity to visualize the end result!  Gather ideas from trade shows, home improvement magazines, websites (like Pinterest), and visiting other homes. Once you figure out how you want your basement to look, you can research what's involved to get it that way. Although dreaming big is fun, we recommend you practice caution to make sure your end plans are realistic. For example, let's say you want to host parties downstairs. You may toy with the idea of building a full kitchen. However, if you would only use the kitchen a few times a year, it might make more sense to simply add a counter; saving you thousands of dollars.

Embrace Open Spaces

Embrace Open Spaces

Many unfinished basements do not have walls that separate different rooms within the space. Now, while you may want to create a separate gym or office in your basement, adding walls has its advantages and disadvantages. The cost of drywall, studs, electrical wiring, and doors can add up and become very expensive. Also, once the walls are built, your basement will be limited by the size of each room. Instead of building walls, consider taking advantage of the open space in your basement. If you want to separate different areas, you can always use portable room dividers. There is a lot of flexibility when using open spaces, and your remodelling budget will thank you! ​

Save Money on Flooring

Save Money on Flooring

Flooring is an easy way to save a little money. Many homeowners like to install 'top of the line' materials when selecting flooring, but it really isn't necessary when it comes to basements. If you select a lower priced carpet and install a premium pad under the carpet, you'll be amazed at just how good it looks. In fact, the same is true when installing a less expensive tile because it'll have the same look and function as a premium tile. You can make your basement look incredible and still save a few dollars.

Keep it Standard

Keep it Standard

Don't customize! Using standard sizes can save you heaps of money when it comes to your remodel. Many items (such as cabinets and counters) are pre-fabricated to standard sizes to place in the basement. By using these pre-fabricated pieces, you can save you money to spend elsewhere in your basement remodel!

With these tips in your back pocket, you're well on your way to starting your next remodel project. Just remember to do your research, commit to your plan, and stick to what's needed in order to maintain your budget. For more tips and tricks about your home, be sure to follow Marina Homes' blog series.