Basement Renovations
Get up to 3 free quotes on your basement remodeling project from the best contractors near you.
Basement Renovation Process
How to start planning a basement renovation
Whether your basement renovation goal is a work-from-home office or a spare bedroom, realizing your vision will take time, money, and expertise. It’s tempting to take the DIY route for your basement renovation. But in the end, enlisting professional help decreases headaches and increases the quality of your finished product. A good contractor coordinates the skilled professionals involved in the basement renovation process while ensuring that the work gets done within your timeline and on your terms.
Plan ahead
Once you know the purpose of your basement remodel, your desired layout, and your square footage you are well on your way to the basement of your dreams.
Define a realistic budget
Your budget determines the quality of your finishes and the structural changes you can make to your basement. Use our basement renovation Cost Estimator to get an idea of remodeling expenses for your renovation.
Compare several contractors
Submit your basement remodeling project to Smart Reno to be matched with contractors in your area. Your basement contractor will be your partner in this investment, so compare your options carefully and choose someone who feels right for you.
How much does it cost to
finish a basement?
The average cost of finishing a basement economically can range from $38,000 to $98,000. This is dependent on your location, preferred materials, and desired improvements. These three components of your renovation will shape the final product, taking your basement from a little-used storage room to a movie night gathering space. Using your basement to its full potential will expand your home and increase its resale value. When you use Smart Reno’s free online tools to plan and budget for your basement renovation, you also get up to three free quotes from contractors in your area. Find the services that are right for your home improvement plans.
| Type of renovation | Predictable budget |
|---|---|
| Economic | $23,000 to $31,000 |
| Standard | $29,000 to $39,000 |
| High end | $39,000 to $53,000 |
Basement renovation of 700 sf, without a kitchen or secondary entry
What’s typically included in a finished basement?
A finished basement will, at a minimum, offer you a heated underground room after weeks to months of wall demolition, framing, electrical work, and insulation. Use this as a blank canvas for an in-law suite, an artists’ studio, or a rental property. Add a bathroom, a kitchen, or even a sauna—a finished basement offers you endless possibilities.
Basement Renovation: Tips and tricks
How to choose the best materials for your basement renovation
The materials you choose for your basement remodeling should fit within your renovation budget. When economizing, ensure that you take the humidity level of your basement into account—carpeting may seem like a cheaper option than hardwood, but when both require a subfloor, you may want to opt for a different basement finishing option. With a small basement and a limited budget, covering concrete walls in cloth draping and painting over a concrete floor can add colour and personality without the risk of mould growth.
Hardwood
For a luxury basement suite, you can’t go wrong with hardwood floors and wall panels. This is the priciest material for finishing your basement, but it will give you the best value for your money.
Carpeting
Those looking for a warm, modern basement may prefer carpet flooring. Make sure to include a subfloor installation. Without it, carpeted basements are prone to mould.
Paint
The material you choose for your walls is usually site-specific, but your paint choice is all your own. For a cheaper flooring option, you can paint over an existing concrete foundation to add personality to a basement living space.
Epoxy
Cheap, resilient, and waterproof, epoxy floor and wall coverings are the perfect sealant for a newly renovated basement. Always seek expert advice in epoxy applications.
Tools & Calculators
Find out how much home equity you have to finance your renovation using the RBC Home Value Estimator.
Not sure what your renovation should cost you? Use the Renovation Cost Estimator to find out.
Basement renovation services from verified contractors 
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See what our clients have to say about our basement renovation contractors
Adding a bathroom to the basement and more
Retained Ali for finishing our basement and the addition of a bathroom and stand up shower, which involved an extensive plumbing and electrical work given that we had no rough-in for the toilet, we had to move the hot tank water and move the washer/dryer. Ali was the most professional contractor that quoted us, he clearly explained all the steps needed and his quote was very thorough and the payment milestones clearly outlined. From the first contact until the job was completed, he was responsive, easy to communicate with and very professional. The job was completed on time and on budget and we are very happy with the result. We will definitely consider him for any renovation we may have in the future.
Riadh
Toronto, ON
Basement renovation
We called Techserveus in to do a full basement renovation. They were to convert a completely unfinished space into a laundry room, bedroom and full bathroom for our adult child returning from university. Everyone that was part of the project was professional, on time and courteous. Their materials, finishes and workmanship were top notch. We highly recommend their services and plan to use them again for future renovations! We especially appreciated their communication throughout. They consulted us regularly, provided expert guidance when needed, and consistently updated us on their progress. Thank you Techserveus!
Brad
Hamilton, ON
Create kitchen basement, 25 ft2
Mr milton and his crew are absolutely amazing.. from the get-go. my project was completed on time, well within the stated schedule. they are consummate professionals, very friendly and respectful. my basement kitchen development looks fantastic. their sound advice and and suggestions is top-notch and easily fell in line with my desired design. ‘renomazing’ is the best group of contractors I’ve had the good fortune to work with. ‘renomazing’ will be my go-to for any future projects I might have, and I will not hesitate to recommend them to all of my family and friends. I am extremely grateful. thank you milton, thank you ‘renomazing’
Roger
Edmonton, AB
