Basement renovation has been a popular upgrade among homeowners as it has a high ROI and adds utility to the space. While cheap basement upgrades are also available to quickly update the look and feel of the space, for the bigger jobs it’s best to hire a contractor. If you want to remodel a basement and develop a walkout basement, you can turn your underutilized space into an income suite by renting it out. For homeowners looking at basement renovation to add home value, this is a great opportunity to get the highest returns as a finished basement significantly adds to the real estate value of a home.
We have developed this cost guide based on 298 verified homeowner reviews in Edmonton to help give you a basement renovation cost insight. When you receive a custom quote for your project, you can use this information to compare quotes and come up with the best price for the job.
Basement Renovation Projects Costs in Edmonton
| Task | Average Cost* | Lowest Reported* | Highest Reported* |
|---|---|---|---|
| Bathroom Renovation | $7,937 | $150 | $50,000 |
| Home Office Renovation | $9,325 | $9,325 | $9,325 |
| Kitchen Renovation | $15,181 | $100 | $50,000 |
| Whole Basement Renovation | $11,262 | $150 | $50,000 |
*Costs based on 298 verified homeowner reviews as of March 2022
Bathroom Renovation
- For an independent basement, a full suite bathroom renovation is a must. If you are simply looking at converting the basement into a family room or an entertainment space, a powder room can also do the job well.
- Having a bathroom in the basement can add more utility to the space and whether you are entertaining or relaxing, it makes the basement more functional and convenient.
- For a full-fledged renovation, you can choose to update the bathtub or shower, toilet and even the tiles for fresh decor. Updating the wallpaper or tiles and changing the faucets and vanity can do the trick for smaller spaces. The average basement bathroom renovation in Edmonton was reported at approximately $7,937.
Home Office Renovation
- With the onset of the pandemic and the rise of the hybrid workspace, more and more homeowners are feeling the need for a separate home office.
- Your basement offers the perfect space for a home office renovation as it’s private and the physical separation between work and home helps the work-life balance. From setting up divider walls to adding storage space or even building a custom desk – you can go all out for that perfect productive office nook. With so many tasks under the home office, the average reported cost for home office renovation in Edmonton was reported to be $9,325.
Kitchen Renovation
- If you are looking for budget-friendly basement renovations, opt for a basement kitchen renovation with new backsplashes, faucets and even appliances!
Whether you opt for a kitchenette or a fully functional kitchen, the basement offers a wonderful space to have additional prep and cooking space. The average cost of a kitchen renovation in Edmonton was reported at approximately $15,181.
Whole Basement Renovation
- For the best ROI, a whole basement renovation may be the answer for you if you have an unfinished basement. From kitchen renovations to bathroom upgrades – the sky is the limit when it comes to planning a basement renovation.
- For the whole basement renovation cost, it’s important to take into account different things like the basement flooring costs, basement soundproofing costs, egress window installation costs etc. While the actual custom quote will depend on the action items on your list, the highest reported price for a full basement renovation in Edmonton can cost up to $50,000.
For basement renovations, as it can involve bigger physical projects and also electrical or plumbing tasks, it’s best to hire a contractor to execute the task efficiently and safely. To help choose the best rates, you can request a custom quote for your project at hand. When you look for contractors on HomeStars, there are a few unique ways to ensure that you hire right from the start. While browsing through profiles, look for the HomeStars Verification Badge as it’s a sign that the professional has been vetted and has undergone several background checks. We also go one step further to ensure complete peace of mind for you. Check out the Star Score and recent homeowner reviews on the profile to see their recent work, their responsiveness and professionalism. All of these trust metrics can help you hire the perfect business for your job!