4 Min Read
Turning an unfinished or outdated basement into a livable, functional space is one of the best ways to increase home value and add more room for your family on Long Island. A Long Island basement renovation can completely transform your home and how you use it.
One of the first questions you’ll probably ask is “How much does a basement remodel cost?” The answer depends on the size of your basement, how you plan to use it, and the level of finishes you choose. Long Island Creative Contracting, Inc. has over 10 years of experience helping homeowners plan and complete basement renovation projects on Long Island, and we know exactly what it takes to make the process smooth and stress-free.
How Much Does a Basement Remodel Cost on Long Island?
The cost of basement remodeling on Long Island can vary widely, but most homeowners can expect to invest between $30,000 to $150,000+. The basement remodel cost per square foot is between $50 and $150 depending on design and finish choices. Here are some common levels of basement finishing that we often see on Long Island and their average prices.
Basic Basement Finishing ($30,000 – $50,000+)
A basic basement remodel focuses on making the space livable and clean. It can include framing, insulation, drywall, standard flooring, and basic lighting. This is a great way to add usable square footage without major design elements.
Mid-Range Basement Remodel ($50,000 – $90,000+)
A mid-range basement renovation adds more functional features, such as a bathroom. It may add upgraded flooring, custom lighting, and built-in storage options. If you want to add entertainment spaces, guest bedrooms, or home offices, this level is ideal.
High-End / Luxury Basement Remodel ($90,000 – $150,000+)
A luxury basement remodel is a fully customized design with premium finishes. This level could include a wet bar, home theater, gym, or even an in-law suite. High-end flooring, custom cabinetry, specialty light, and advanced smart home integrations are all considered.
How much will it cost to finish a basement? Long Island Creative Contracting, Inc. provides detailed estimates that show exactly what’s included at each level of finish. We don’t cut corners, we don’t surprise you with hidden fees, and we make sure your basement remodel is done right from start to finish.
Can You Finish a Basement for $20,000?
Here’s the honest truth: finishing a basement for $20,000 is tough, especially on Long Island.
For $20,000, you might be able to:
- Add basic flooring and paint to an already partially finished space
- Do a cosmetic refresh (think lighting, drywall repair, and basic upgrades)
But if your basement is raw concrete, has no insulation, or needs electrical or plumbing work, a $10,000 budget likely won’t cut it for a full remodel. Basement renovation projects done right need proper waterproofing, framing, insulation, electrical, and safety upgrades, and that’s where the investment comes in.
Our process will make sure that we get you everything we can within your budget. We won’t try to sell you anything you don’t want, and you can trust that we’ll treat your home like our own.
What Are the Factors Impacting the Cost of a Basement Remodel?
The choices you make and the existing condition of your home have an impact on your final cost. When you ask “How much should I budget for a basement remodel?” remember to take these into account. Here are the key factors that can impact basement remodeling costs:
Size and Layout
The bigger your basement, the higher the total cost, but your basement remodel cost per square foot often decreases slightly as the space gets larger. How much does a 1500 square foot basement cost to remodel? You could be looking at costs from $75,000 to over $225,000.
Existing Condition
Is your basement already partially finished, or are we starting from bare concrete walls and floors? A raw, unfinished space usually requires more framing, insulation, and moisture-proofing before any walls go up.
Features and Finishes
A basic basement finishing project on Long Island might just include drywall, flooring, and lighting. But add a bathroom, a wet bar, a home theater, or custom built-ins, and costs increase quickly. High-end finishes like stone flooring, custom cabinetry, and smart lighting also bump up the price.
Code and Safety Requirements
If your plans include adding a bedroom or living space, you might need an egress window on Long Island to meet safety codes. These are not optional, and they can add several thousand dollars to the project, but they also make your basement safer and more valuable.
Unexpected Surprises
Older homes on Long Island often have unique challenges such as low ceilings, moisture issues, or outdated wiring. Fixing these issues upfront avoids costly problems later but does affect overall cost.
Long Island Creative Contracting, Inc. has been doing Long Island Basement Refinishing for over a decade. We’ve seen how each decision can affect the remodeling timeline and your overall budget, and we’ll guide you every step of the way. Take a look at our portfolio to see what we can do.
Is a Basement Remodel Worth It?
A basement renovation is one of the smartest investments you can make in your home. According to national remodeling data, a well-designed basement remodel often recoups 50% to 75% of its cost when you sell. On Long Island, where square footage is valuable, finishing or remodeling a basement not only adds livable space but can also make your home more attractive to future buyers.
Beyond resale value, a remodeled basement gives you immediate benefits:
- Extra space for a home office, gym, or guest suite
- A private space for entertaining or relaxing
- Room for growing families without needing an addition
A Long Island basement remodeling project delivers both personal enjoyment and financial return. If you choose the right contractor, the process can be enjoyable as well. Long Island Creative Contracting, Inc. is dedicated to giving you the experience you deserve.
Why Choose Long Island Creative Contracting, Inc. For Your Basement Remodel on Long Island?
What’s the biggest factor in making sure your remodel goes smoothly? The contractor you choose.
At Long Island Creative Contracting, Inc., we:
- Provide detailed estimates with no guesswork or surprises
- Offer full design mockups, so you know exactly what your space will look like before we start
- Use a client portal to keep you updated on scheduling, progress, and any changes
- Never pressure you to rush a decision or upsell you on things you don’t need
We’ve been transforming homes for over 10 years and bring decades of combined experience in basement renovation projects. Whatever you’re looking for in your basement, we’ve got you covered.
Let’s Talk About Your Basement Remodel on Long Island
A basement remodel on Long Island is an investment in your home’s value and your family’s lifestyle. While costs can vary based on size, scope, and finishes, the right contractor can help you balance your wish list with your budget and get the most out of your space.
Are you thinking about other kinds of remodels? Take a look at our Bathroom Cost Guide and start planning your dream.
Contact Long Island Creative Contracting, Inc.
Ready to see what your basement can become? Contact Long Island Creative Contracting, Inc. today and get started with a detailed, no-B.S. estimate from a team that knows Long Island homes inside and out.
