Is it cost effective or even feasible to add a basement to an existing home? We currently have an older remodeled home that we love. The only drawback is that the basement is unfinishable (storage
When calculating the cost of adding an additional room to your house, a lot depends on what the space will be used for. A 10x12 kitchen or bathroom will be more expensive than a similarly-sized living space in the home as the price of fixtures and appliances tends to drive prices up.
Basement Cost. According to Jason, the price of basement installation ranges from $10 to $35 dollars per square feet. If you have a basement that is an average size of 1000 square feet, the grand cost of it would be in between $10,000 to $35,000 dollars.
Adding a basement is much cheaper (usually a fraction of the cost, per square foot, versus a home addition) Guaranteed Re-sale Value (homes with basements sell for more, even in bad economies) Great Return on Investment ( again, adding a basement will boost home value, regardless of the economy so you'll actually make money from the new basement)
It costs between $80 and $200 per square foot to add an additional bedroom to a house. Cost of Extension for a Bathroom Adding a bathroom costs anywhere from $50,000 to $90,000 or more.
Although costs vary with the size and complexity of the project, remodeling an existing basement starts at about $20 per square foot, a fraction of what it costs to build an addition or enlarge second-floor space with