If you’re currently engaged in renovating your house’s basement, and you have a firm dream in your mind (and on a blueprint, hopefully), then you might be nervous about making your dream possible, yet still staying within your budget.

This post is not here to tell you that your perfect idea of a basement is unrealistic or impossible. However, realistic planning is a plus when it comes to your renovations. The perfect basement can be achieved, even if it seems like it may be out-of-budget.

Count All Your Basement Renovation Costs

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The first thing to consider is this: Assess the prices of everywhere that sells the materials and content for your basement and choose the best.

It may be one of those ideas where you scoff and splutter and say “I knew that!” and you laugh, but in truth…not everyone takes the time to look at all of the stores and outlets that sell the materials for the renovation they need, or the furniture, etc. needed for the renovation. Most people see one store and decide “Eh. They say they have good prices, so it must be true.” Sad, but true.

Set a Renovation Cost Limit

Basement Renovations Cost

Another thing you should keep in mind is this: Keep the budget price firmly in your mind and tell yourself you WILL come in UNDER budget.

This is mostly a mental exercise, as there are people in the world who tend to squander away their money in this situation because they wanted, say, a mahogany chair as opposed to an oak or spruce chair. Just tell yourself that you can always buy extra furnishings for your basement down the road, when you have some more money. When it comes to basement renovations, the materials you need for the actual physical renovation and the flooring and other such materials are the focus of your renovation.

Hire a Qualified Basement Renovation Professional

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One last thing you should tell yourself is this:if you have renovators helping you (which you should), make sure they are professionals and know what they are doing.

It may seem slightly unusual to say, but you obviously want to place your trust in people who will renovate the right way, and not leave a bunch of problems behind when they leave…otherwise, you’d might as well not do a renovation at all. The only downside is that you WILL end up paying more for better, so factor that into your basement renovation budget.

If you want to stay on budget, talk to your contractor and come up with a plan today! 

RELATED ARTICLE: Luxury Basement Renovation Without the Financial Dent

Your home is a forever-evolving investment that you take seriously and upgrades or renovations are currently on your plate. Everyone wants to have designer finishes and luxurious items and objects to complement their basement renovation, but your basement should be the last place you spend the big bucks (as basements can be riddled with moisture issues and an overall damp feeling).

Is It Time to Hire a Renovation Expert?

There are just simply far too many discount and knockoff entities/stores out there (even accessible on the Internet) for you to have to pay full price for anything luxury. You should see your basement renovation as a means to create a usable space that is more practical than luxurious.

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Time will play havoc on your basement

Time, weather and the materials that surround the outside of your basement will eventually cause havoc to your basement’s inner walls and the floor. This is one of the main reasons that you should steer clear of initiating high expense with materials, supplies and finishes during your luxury basement renovation.

You can have a “high-end” look without the costs that come with more expensive supplies and you and your home will be far better off in the future should your basement develop a moisture issue. Expensive does not automatically mean more durable or a guarantee of a longer life. With basements, anything is susceptible to humidity or dampness.

Less Expensive Renovation Materials & Supplies

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Your initial renovation materials & supplies do not have to cost you top dollar. You can go less expensive and then cover with paint for that high-end feel.

Textures and colors and the cleverness of interesting combinations of them is what can give your basement renovation that desired result without having to fork out a bundle of money. You can flip a little more money into the color palettes, pieces that will provide texture (like the flooring) and decor items. Wall and flooring materials do not have to be where you sink the bulk of your budget into.

Luxury Basement

A strict renovation plan

If you do your research and have a strong plan in hand, your luxury basement renovation can effectively become a huge success if you apply a strong balance between your renovation and the finishing touches. The anticipated end result should be exactly what you want to see when you enter your basement.

If you’re still considering finishing your basement, hire us today!