Finishing The Basement – Part 2 – Completion
Personal Finance
Well, I think I skipped some important parts in this series – but I took some time off from blogging and spent a lot of effort on this project so really did not get to document it properly. Well here is an update on my DIY basement finishing project.
In the first part of the series I talked about budget and time line. Well I blew both of those. I originally wanted to get the project done before Thanksgiving but it took me almost until Christmas to complete. Granted I wasn’t in a big rush so I took my time with some things, but there were a few things that took a lot longer than expected. One was drywall – its not so much effort consuming, but you put on a layer, then wait a day for it to dry, repeat… repeat… repeat. Then my fiance decided she wanted some of the imperfections in the wall fixed that were done by the previous owner so that ate up more precious time.
My budget was blown on the flooring. I budgeted for the cheapest stuff available, but after actually looking at it closer at the store we realized it looked, well, really cheap. We decided to go with (much) more expensive laminate that looked closer to real wood, and were able to get quite a deal at Lowes again on both that and the carpet. At the time they were offering 10% off carpet with installation and free padding. In addition they took a 20% off Home Depot coupon on the instock laminate floor.
FLOOR – $2190
| Item | Budget |
| Wood Laminate (Bar Area) – approx 220sqft | $865 |
| Carpet – Carpet plus Install – approx 500sqft | $1200 |
| Carpet – Padding | $FREE! |
| Baseboard | $125 |
With the ceiling I was pretty close. There were some additional expenses (extra peice of drywall, 12-2 wire for the lights, paint) but I overestimated a couple things so I actually come in under budget.
CEILING – $463
| Item | Budget |
| Ceiling Tiles – 9 Boxes | $172.04 (actual) |
| Main Ceiling Grids – 5 12′ Pieces | $22 |
| Wall Ceiling Grids – 13 12′ Pieces | $42 |
| 4′ Ceiling Grid T’s – 1 Case minus 8 | $60 |
| I Screws – 1 Box | $4 |
| Recessed Lights – 2 Contractor Packs (12 total) | $60 |
| 50 ft 12-2 wire | $20 |
| 1 peice Drywall | $8 |
| 4 Gallons Paint | $60 |
| Drywall Compound | $15 |
Total Spent – $2653
Overall even though it was a lot more work than I thought it would be it was a great learning experience. I did all the work myself with the exception of the carpet installation with a great of help from my dad and a few friends. Probably saved at least a few thousand dollars by doing so, and it came out better than I expected. Below are some pictures of the finished product.
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Awesome job! I recently got an estimate from the builder to finish my basement… with everything standard they quoted me $20,000! My heart aches at the thought of spending that much. I love what you did with your basement, and the the price most of all. Did you use ceiling tiles? I’m really looking forward to finishing ours.
Thanks Mark. It certainly is rewarding if you like doing things yourself. Good luck on yours!
Hey the basement looks great. I am doing mine too and while it does take a while, it’s a great way to actually relax if you enjoy working with your hands.