Almost everyone who owns a house with an unfinished basement, dreams of having it finished. How can you not think of it? After all, an unfinished basement is a whole floor’s worth of space that can be easily turned into any type of room your family needs.
Owens Corning offers an insulated wall panel for basement conversion composed of compressed fiberglass lined by vinyl on the finished side. It attaches to block and poured concrete foundation walls with special channels. If you need access to electrical wires or plumbing behind the panels, you can remove them. The panels are non-flammable, impact resistant, won’t trap water vapor, and don’t support mold. They may, however, be damaged in a flood if left standing in water for any length of time.
You can use a rough figure of $39.00 to $45.00 a square foot for basic and complete basement finishing for basements 1000 square feet of larger. You will see some internet sites quoting lower rates, but after seeing hundreds of proposals in the last year $45.00 with carpet is about the average. For a higher quality finish with extra features (wet bar, built in cabinets, higher end fixtures) you will start around $50.00 a square foot and up.
Older homes may require the assistance of a professional to inspect water pipes, drainage system, gas and electrical lines. It would be a pity if you spent money on your laundry room renovation and had to go in, after the fact, and make repairs or upgrades. Or even worse, tear up the slab to replace drainage pipes. It’s best to get this all out of the way before you tackle cosmetic renovations. And don’t forget, all electrical outlets need to be GFCI.
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