Everything You Need to Know About Basement Remodels

February 20, 2015

Adding a finished basement to your home is by far the most economical way to increase living space and value in your home. It can also be one of the quickest ways to add living space and value.

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A wet bar, part of a basement remodel, designed by Lensis Builders, Inc. in the Fairfax, VA area.

What does a typical basement remodel entail?

  • The lower level of the house is finished to create (approximately) a 20-by-30-foot entertaining area with wet bar
  • An area that is 24 linear feet of finished partition to enclose mechanical area
  • Walls and ceilings are painted drywall throughout
  • Insulated exterior walls 
  • Painted trim throughout the space
  • Includes five six-panel factory-painted hardboard doors with passage locksets
  • Electrical wiring to code
  • Main room: Includes 15 recessed ceiling light fixtures and three surface-mounted light fixtures, and flooring of your choice
  • Bathroom: Include standard white toilet, vanity with cultured marble top, resilient vinyl flooring, two-piece fiberglass shower unit, a light/fan combination, vanity light fixture, recessed medicine cabinet, towel bars
  • Includes stairs and provides a complete railing using a matching system made of the same composite as the decking material

How much will it cost?*

Prices vary. The average cost is $62,834 for a midrange basement remodel.

What is the resale value?

$48,777

*Taken from 2014 Cost vs. Value Report, based on national averages

How long does a basement remodel take?

The amount of time to complete a basement remodel varies. Things to keep in mind are the size of the basement, whether it is a full remodel, number of rooms, among other factors. A basement remodel can take anywhere from 4 to 6 weeks to complete, depending on these factors.

What does the process look like?

Here’s a hypothetical overview of what a basement remodel could look like:

Days 1-2: Framing


Days 3-5: HVAC, plumbing and electrical rough in, set fireplace unit (if there is one)

Days 6-8: Deliver drywall and install insulation

Days 9-10: Put up drywall

Days 11-16: Tape, mud and texture drywall


Days 17-18: Install trim, doors, window frames

Days 19-23: Painting


Days 24-26: Install lights and electrical, HVAC, shower/floor tile

Days 27-29: Install cabinetry and door hardware

Days 30-31: Masonry at fireplace, determine counter top materials/dimensions, mirrors and glass shower door


Day 32: Drywall touch ups and finish fireplace

Day 33: Install countertops 

34-36: Install shower door and mirrors 

Day 37: Install carpet (if any)

Day 39: Touch up painting and final inspections (electric, HVAC)

Day 40: Final cleaning 

If you live in the Northern Virginia area and you’re interested in a free estimate, or would like to know how Lensis Builders, Inc. can make your home even better, give us a call at 703-367-8999 or fill out a short contact form by clicking here. If you’re looking for inspiration for your next project, visit our Pinterest page!

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