basement remodel living space

Basement Remodeling FAQs

Don’t let your basement space go to waste! It’s time to think about turning your basement into another great feature in your home. We find that other Lancaster area homeowners typically have a few reservations or questions when they begin the journey towards a basement renovation, so we pulled together a list of some of the most common questions we get in hopes we cover anything you may have on your mind.

basement remodel with reading nook, fireplace, and tvHow much does a basement remodel cost?

  • Unfortunately there’s no great answer to this question. Depending on the size of your basement, the materials required, any electrical or plumbing work that needs to be done, and what features or décor you would like (like the reading nook you see in our photo), your cost can vary substantially.


Can I add a bathroom to the basement if I don’t have plumbing there already?

  • Even if you don’t have plumbing running to your planned bathroom space, the addition of a sewer pump would allow us to add a bathroom to your renovated basement.

 

How long will the basement renovation take?

  • Typically the team at Norman Graham Builders can finish a basement in 2-6 weeks, depending on the same variables outlined in the cost section above.

 

What is the ROI of a basement remodel?

  • Besides the obvious advantages of adding a new space to entertain and enjoy or adding additional bedrooms or bathrooms, if you go to sell your home you’ll recoup some of the costs of the renovation project. According to the Remodeling Cost vs Value Report (www.cosvsvalue.com), the 2015 national average for the return on a basement remodel was 70.4%. For 2016, Lancaster came in at around 42%. These values are based on DIY projects using lower quality materials, so you will likely see a better return hiring a professional like Norman Graham Builders.

 

We hope this list of basement remodeling FAQ’s covers any questions you may have, but certainly feel free to contact our team to learn more or receive an estimate for your project.