Basement Budgets

Wouldn’t it be great if rich Uncle Bud said, “Hey, finish your basement. I’ll pay the bill!” In your dreams! The first reality of basement remodeling is that it will cost more than you thought. The second reality is that you, not the state lottery nor an eccentric uncle, will pay for the project. Sure, you can finance some or all of it over the rest of whatever, but it’s still your money—plus interest! This section is for those of us without rich uncles. It shows you how to estimate costs, cut them, and find the least expensive financing, if needed. It also offers some options you may not have considered. This section, above all, can save you thousands of basement remodeling dollars—and help you survive the project.

1 Reviewing Your Project
2 Length of Use
3 Investment or Expense
4 Considering Costs
5 Considering Resources
6 Estimating Costs
7 Bids and Spreadsheets
8 Paying Cash
9 Loans and Mortgages
10 Inspections and Draws
11 Liens
12 Construction Living
 

 

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