Basement Remodel

Project description

Finish the lower level of a house to create a 20-by-30-foot entertaining area with wet bar, a 5-by-8-foot full bath, and a 12-by-12-foot auxiliary room. Walls and ceilings are painted drywall throughout; exterior walls are insulated; painted trim throughout. Include five six-panel, primed hardboard doors. Main room shall include 15 recessed ceiling light fixtures and three surface-mounted light fixtures and snap-together laminate flooring system. Bathroom includes standard white toilet, vanity with cultured-marble top, resilient vinyl flooring, two-piece fiberglass shower unit, a light/fan combination, vanity light fixture, and recessed medicine cabinet. Bar area includes 10 linear feet of raised-panel oak cabinets with laminate countertops, stainless steel bar sink, single-lever bar faucet, undercounter refrigerator, and vinyl floor tile.

Market Job Cost Resale Value Cost Recouped
National Average $43,865 $34,801 79.3%
Atlanta 40,365 32,123 79.6
Boston 48,984 60,000 122.5
Buffalo, N.Y. 43,640 14,000 32.1
Chicago 50,410 40,000 79.3
Cincinnati 43,590 21,462 49.2
Cleveland 47,061 20,671 43.9
Columbus, Ohio 42,877 22,000 51.3
Dallas 39,050 27,500 70.4
Denver 41,999 23,000 54.8
Detroit 47,348 26,360 55.7
Houston 40,175 41,316 102.8
Indianapolis 42,981 30,233 70.3
Kansas City, Mo. 43,308 31,000 71.6
Los Angeles 49,140 38,833 79.0
Miami 38,575 41,200 106.8
Milwaukee 45,867 24,050 52.4
Minneapolis 51,237 25,667 50.1
New Orleans 38,970 36,917 94.7
New York 50,320 49,925 99.2
Norfolk, Va. 34,065 28,333 83.2
Orlando, Fla. 37,522 26,111 69.6
Philadelphia 48,792 30,250 62.0
Phoenix 40,758 29,455 72.3
Pittsburgh 44,436 23,756 53.5
Portland, Ore. 45,436 30,111 66.3
Providence, R.I. 44,546 54,750 122.9
St. Louis 47,096 31,525 66.9
Sacramento, Calif. 45,549 33,714 74.0
Salt Lake City 37,799 23,125 61.2
San Antonio 38,940 40,536 104.1
San Diego 47,481 58,873 124.0
San Francisco 53,366 68,442 128.3
Seattle 47,595 47,855 100.5
Tampa, Fla. 36,330 27,594 76.0
Washington, D.C. 39,674 57,364 144.6