It’s time to transform the underused space in your basement. There are so many possibilities, and they all have varying costs; it’s important to start planning and prioritizing early. At Peak Improvements, we help homeowners create smart, budget-friendly renovation plans.
We’ll guide you through the key decisions before construction begins. Whether you’re finishing a rec room, adding a bathroom, or building a legal suite, this post will help you understand how to prioritize your renovation goals while staying in control of the cost of your basement renovations.
Why Does Prioritizing Matter?
Every basement is unique, and costs will depend on the size, layout, plumbing, and desired finish level. If you don’t set clear priorities, your budget can get stretched or lost in the planning details. Choosing your priorities determines the first steps and helps our team stick to your budget and wants. Our team enables you to create a plan and design that will reflect what’s most important to you, your lifestyle and your long-term goals.
Factor in the Big Costs
Before you jump into choosing your priorities, here are some elements that will most affect the cost of your basement renovations:
Plumbing and Drainage
If you’re planning on adding, removing, or moving plumbing lines, you’ll have to prepare for an increase in cost. Plumbing is a must for any bathroom renovation and the placement of that bathroom can greatly add to the cost of the renovation; or strategic planning can limit these costs.
Walls, Insulations and Permits
If you’re starting from scratch, the cost of a basement renovation will be affected by the complexity of the framing, insulation and drywall. And this goes to another level if you decide to build a legal suite including, fire rating, egress and permits.
Level of Finish
Depending on the level of finishes, if you’re interested in high-end tiles, built-in storage, wet bars, or soundproofing, your price point will increase. Choosing budget-friendly options won’t compromise your comfort or aesthetics. With our fixed-price contracts, you see what it costs upfront, so you can select finishes that fit your budget.
Setting your Priorities: Wants vs Needs
If you come in prepared with your wants and needs, the renovation process will be much easier to plan. Here are some steps to take to set your priorities:
1. Make A Wish List
What’s your dream basement? Take this opportunity to think big! A home gym, theatre, a luxurious bathroom, or a guest suite.
2. Identify The Core Functions
What do you really need? A play space for kids, extra bedrooms, or extra storage. It’s easier to start with the function and then think about how it will fit together.
3. Balance Your Budget
Can your budget support your goals? When you balance your budget, you can break up your renovation into smaller phases. For example, rough-in plumbing can come first, and then the full bathroom can come later.
We can help you prioritize based on your budget and the value you’ll get. You don’t have to plan everything on your own; our team is prepared to help you make the most of your basement renovation.
Peak Improvements Makes Renovations Easier
We’ve helped many Edmonton homeowners prioritize and renovate confidently. Every renovation project begins somewhere. Help us to understand your wants, needs, and budget. We will walk you through each step: design, materials, finishes, and contracts.
Peak Improvements is ready to transform your basement and make your vision a reality without surprises. Book a consultation today to discuss the cost of your basement renovation together. You can also use our online project estimator to explore possibilities before you book a call.