What is a Finished Basem*nt? (2024)

What is a Finished Basem*nt? (1)

Finishing your basem*nt involves more than just throwing a rug over a concrete floor. To be considered truly finished, a basem*nt must have a permanent heating and cooling system, be easily accessible, and match the rest of your house. In other words, a finished basem*nt should be an extension of your home’s living space. That’s why you’ll need to hire a basem*nt finishing contractor like Basem*nt Trust for professional results.

In this blog post, we’ll break down each element of a finished basem*nt to help you better understand what needs to be done during remodeling.

Heating and Cooling System

Most unfinished basem*nts are cool year-round. While this may be wonderful in the summer, remember that in Michigan snow is fair game from October to April.

In any given year, Michiganders may experience up to 7 months of snowy weather! For this reason, it’s vitally important that your basem*nt has heat. Otherwise, you and your family won’t want to spend any time in the chilly basem*nt.

A finished basem*nt should be warm, cozy, and inviting during the winter months. But it should also be cool and comfortable in the summer (without a window A/C unit).

Your basem*nt is not considered finished until it has a permanent heating and cooling unit with a continuous power source, such as electricity or natural gas.

Think of it this way. You wouldn’t heat your entire home with a wall heater, would you? A finished basem*nt deserves the same amount of care and consideration as your main living areas.

Matches the Rest of the House

Aren’t sure if your basem*nt is finished? An easy rule of thumb is to compare your basem*nt to the rest of your home.

Do you have concrete floors in your living room? Do you have exposed pipes and beams in your kitchen? These questions can help you understand what standards your basem*nt must meet to be considered “finished.”

For this reason, a concrete floor is not considered to be “finished.” Not even if you paint it or throw a rug over it. Instead think about the types of flooring you have on the ground and upper floors of your home such as hardwood, vinyl, tile, or carpet. These types of flooring are much softer and warmer underfoot than concrete. That’s why we recommend them for your finished basem*nt.

Related:How to Choose the Best Basem*nt Flooring

Direct Access

Do you access your bathroom through a trapdoor in the ceiling? Do you enter the bedroom through an exterior door? While these questions may seem ridiculous, they help us better understand what it means for a space to be truly finished.

Your basem*nt needs to feel like a natural extension of the rest of your house. A basem*nt is not considered finished if you can only access the space by a trapdoor, ladder, or exterior door. A truly finished basem*nt must have stairs leading up to the main living area so it’s easily accessible. If you plan on having a basem*nt bedroom, you should also have emergency egress windows.

Adds Value to Your Home

A finished basem*nt will add value to your home, especially if you’re adding another bedroom or bathroom. Anytime that you can add square footage to your home’s living space, you’ll be able to ask for more money when it’s time to sell. That being said, finishing your basem*nt will also add value to your life by giving you more space for work, play, and other facets of everyday life.

Conclusion

Sometimes you can tell that a basem*nt is finished just by looking at it. But other times, it may not be so obvious. A finished basem*nt has heat, air conditioning, and direct access to the rest of the home. It should also look like a natural continuation of the rest of your house’s interior design. For help on that, be sure to check out our blog post that outlines our 5 tips for designing your finished basem*nt like a pro.

If your basem*nt lacks any of these features, it may not be considered “finished.” But our basem*nt remodeling contractors would be more than happy to help you get it there.

Request a Free In-Home Consultation From Basem*nt Trust

Our basem*nt finishing contractors in Grand Rapids, MI, have experience turning client ideas into reality. To request a free in-home consultation from Basem*nt Trust, call (616) 608-9716. We hope we hear from you soon!

This blog post has been updated.

What is a Finished Basem*nt? (2024)

FAQs

What is a Finished Basem*nt? ›

Finished basem*nts include flooring, utilities, and finished walls. Finishing your basem*nt adds value and living space to your home. There are legal requirements if you want basem*nt rooms to be considered bedrooms. Permits are typically required before finishing your basem*nt.

What counts as a fully finished basem*nt? ›

For a basem*nt to qualify as finished, the whole level has to be complete, in a manner resembling the upstairs living areas. In short, it needs to have an accessible entryway, level ceiling, the walls framed, an electrical system wired in, an HVAC system installed, and other works like plumbing and flooring completed.

What makes a basem*nt finished vs unfinished? ›

Finished basem*nts mirror the aesthetics of the rest of the house and have fully finished walls complete with drywall, insulation, and paint or wallpaper. That means no exposed studs, pipes, or electrical systems, which are visible in most unfinished basem*nts.

What is it called when you finish a basem*nt? ›

Basem*nt finishing is also called basem*nt remodeling or basem*nt renovating. If a basem*nt has been finished once and needs an overhaul, that may be referred to as basem*nt refinishing.

What value does a finished basem*nt add? ›

On average, finishing a basem*nt should provide a 70% to 75% return on your investment. Therefore, if it cost $10,000 to finish your basem*nt and the average ROI in your area is 70%, then finishing your basem*nt would theoretically increase the value of your home by $7,000.

What do appraisers consider a finished basem*nt? ›

Generally, appraisers and listing agents don't count a basem*nt toward the overall square footage of a home. Most appraisers will never count a basem*nt if it's below grade, meaning it is beneath ground level. Whether appraisers count a basem*nt depends on where you live.

What makes a basem*nt a full basem*nt? ›

Unlike a partial basem*nt, a full basem*nt foundation is always the same size as the main floor of the house and shares that footprint.

What counts as partially finished basem*nt? ›

Partially finished basem*nts have around 50% of the space unfinished and used for storage and utilities, while the remaining space is finished with flooring, painted walls, electrical, and more.

How to tell if a basem*nt can be finished? ›

6 Things You Have to Do Before Finishing a Basem*nt
  1. Check the Foundation. Before starting any construction in your basem*nt, assess the state of the foundation. ...
  2. Identify Code Violations. ...
  3. Eliminate Water Issues. ...
  4. Insulate Properly. ...
  5. Assess the Ceiling. ...
  6. Work Around the Essentials in Your Design.
Mar 20, 2017

Is a finished basem*nt included in square footage? ›

As a general rule of thumb, listing agents and appraisers don't count a finished basem*nt toward the overall square footage, especially if the basem*nt is completely below grade—a term that means below ground level. Whether an appraiser includes basem*nt living space ultimately depends on which state you live in.

What is the most expensive part of finishing a basem*nt? ›

The most expensive parts of a basem*nt remodel are the materials: lumber for framing, insulation, drywall and flooring.

What is the hardest part of finishing a basem*nt? ›

This article looks at some of the most common issues you will likely face when remodeling your unfinished basem*nt.
  • Moisture Issues. ...
  • Ceiling Heights/Low Ceilings. ...
  • Low-Hanging Pipes. ...
  • Egress Windows. ...
  • Support Columns. ...
  • Lighting. ...
  • Heating & Cooling. ...
  • Ugly Ducting.
Oct 18, 2022

What comes first when finishing a basem*nt? ›

One of the first things most homeowners need to take care of when finishing their basem*nt is to install insulation. Bare cement walls present challenges for temperature regulation. Installing insulation on the walls of your entire basem*nt will prevent cold air from leaking in during the winter.

What are the cons of a finished basem*nt? ›

  • High Initial Cost. Despite the final payoff, the initial investment in finishing a basem*nt can be a substantial investment.
  • Less Storage Space. One of the great benefits of an unfinished basem*nt is the abundance of storage space. ...
  • Moisture.
May 31, 2023

Is finishing a basem*nt worth the money? ›

Finishing a basem*nt can be a good investment. According to cost versus value surveys conducted annually by Remodeling magazine, nationally, the average return on investment for a basem*nt project is around 75 cents on the dollar, and about 86% of the total cost spent in the renovation when it's time to sell.

What would be considered a finished basem*nt? ›

What is a Finished Basem*nt? So, what constitutes as a finished basem*nt? A basem*nt is finished when the entire level is complete and similar to the upstairs living areas. It generally includes an electrical system, heat, finished floors, an accessible entrance/stairway, level ceilings, and finished walls.

What is fully finished vs partially finished basem*nt? ›

Partially finished basem*nts contribute less to your home value than fully finished basem*nts, but they also cost significantly less. Fully finished basem*nts usually appear as completed living spaces, with electrical, plumbing, windows, flooring, and painted walls and ceilings.

Can you count a finished basem*nt as square footage? ›

If you have a finished basem*nt, it should be considered part of the square footage of your home. The key word is “finished”. An unfinished basem*nt is not ever going to be considered when calculating square footage. This can get tricky and many homeowners can get confused when trying to calculate.

What are the three types of basem*nts? ›

Common Basem*nt Types Found in Homes Across the US
  • Crawlspace. A crawlspace provides limited access to the plumbing and other components beneath the house. ...
  • Cellar. ...
  • Daylight. ...
  • Walk-Out. ...
  • Subbasem*nt.
Oct 28, 2019

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