If your answer to that is yes, converting the basement into an apartment is a really great move because it’ll increase your home value.

Check out these tips for the ideal livable basement space. Not only will the space be put to good use, but it will also provide a source of supplemental income. Making a basement apartment not feel like a basement means eliminating excess moisture, creating sufficient headroom and maximizing natural light. How much would it cost to build a 1000 sqft basement aparment with kitchen and washroom? However, the older and more complex the basement is, the more expensive it will become, says Costhelper. If your city doesn’t permit basement apartment rentals, you can still consider doing a basement conversion for personal use, such as building an in-law suite. Contractors' estimates should include a number of basic factors such as moisture control. Learning how to make a basement apartment is largely a matter of ensuring that the legal criteria are met. Basement in-law apartment ideas. Could anyone help estimate a ball-park number to turn part of an unfinished basement into a 700 square foot apartment (either a large 1-BR or small 2-Could anyone help estimate a ball-park number to turn part of an unfinished basement into a 700 square foot apartment (either a large 1-BR or small 2- But finishing a basement requires careful planning and the right improvement choices. Determine Your Cost to Convert the Basement Into an Apartment. Average costs and comments from CostHelper's team of professional journalists and community of users. By Bridget A. Otto, The Oregonian In this article by Mike Litchfield, learn the six elements of conversion to turn a basement into an in-law suite. On average, fully converting a basement into a rental unit cost between $20,000 and $50,000 on the low end for only the basic necessities in 2011, according to BasementRefinshCost.com. Converting your basement into an apartment is a great way to earn extra income! Don’t rush in. If you have a basement you barely use, why not turn it into a source of extra income. When creating a basement apartment, setting your budget is an important initial step. TrustedPros Ask The Pros Home Improvements How much would it cost to build a 1000 sqft basement aparment with kitchen and washroom? Building a Legal Basement Apartment January 16, 2016 ... Providing there is adequate headroom, turning an existing cellar into extra living space would cost around the same as for a simple loft conversion, at around £1000–1,350/m². On average, we’ve estimated that a basement renovation can cost anywhere between $20,000 and $35,000. As mentioned, the overall cost of your basement renovation will depend on what you put into it. Remodeling a basement into a mini-apartment (with tips on how to avoid the ER) Updated Jan 10, 2019; Posted May 05, 2012 . In a city where space goes for a premium, people are willing to live just about anywhere—even underground. How much basement remodeling should cost. According to the New York Times, as of 2002, there were about 45,000 basement units housing 110,000 people—an estimate the Times admitted was probably conservative. Renting out one’s basement might sound like an easy way to monetize unused space, but not necessarily! The Holmes Group. A basement renovation cost summary. Transforming an unfinished basement into an apartment or suite definitely qualifies as a major home makeover.