How Much Does a Basement Remodel Cost in Southern Maryland?

According to the US. Census Bureau’s Survey of Construction, most homes have unfinished basements or no basement at all. However, about 18% of high-end homes and 5% of smaller homes have a finished basement. 

Although the numbers are low, recently, more people are considering basement refinishing or remodeling in Southern Maryland and other parts of the US, considering the many benefits that can be had. In this blog, our team of basement remodeling contractors at Villas Builders has shared the benefits of remodeling a basement alongside the costs. 

We know that costs are often a determining factor, so read on to learn about basement remodel costs in Southern Maryland and the factors that could influence the pricing. Plus, if you stick around long enough, you’ll also learn what is often done with basement remodeling in Southern Maryland if you’re lucky enough to have one.

What are the Benefits of a Basement Remodel in Southern Maryland? 

If you have your basement remodeled by a professional, there are quite a few benefits you can expect to enjoy – both practically and financially. Let’s have a look below at why homeowners in Southern Maryland are considering basement remodels: 

• Increased home value: Did you know that a basement remodel ROI is a thing? Often, basement remodeling provides an excellent return on investment, with many homeowners recouping 70 to 75% of the project's cost when selling the home. So, if you ever decide to sell your home, having the remodeled basement will be a boon. 

• Customization options: With a basement remodel, you can choose how you use the improved space. This remodel is wholly customizable, meaning you have control over whether you turn it into another bedroom, living space, gym, home office, or theater. In addition, you’ll get to choose everything from the basement flooring options to the basement ceiling ideas. 

• Rental income potential: Depending on your zoning regulations, you might be able to convert your basement into an income-generating apartment. This way, your investment will pay for itself over time. 

• Better storage: Sometimes, your home can feel crowded, and like you're running out of space, so one of the biggest benefits of a new basement remodel is getting the space you need. A finished basement helps eliminate clutter by providing dedicated storage solutions that blend seamlessly with the new design.

What is the Average Cost to Finish a Basement in Southern Maryland? 

With so many benefits, you’re likely eager to begin exploring your options and how you’ll transform your space into something you’ll love and find useful. But to start with, you need to know more about basement remodeling costs. 

Firstly, you should know that the basement finishing cost per square foot can differ quite a bit based on your requirements, so we won’t give you that. However, we can tell you that the basement finishing cost in Southern Maryland begins at around $100,000 if you choose Villa Builders. 

This pricing includes a 28’x28’ layout with a family area and a remodeled three-piece bath featuring insulation, new walling, sheetrock, and finishes that mimic the main home.
The starting price is based on professional-grade renovations that ensure durability and long-term value.

What Factors Can Influence the Cost of Basement Remodeling in Southern Maryland?

If you’re considering the exciting venture of renovating your basement, you should have a look below at what we've found could push prices up during a remodel: 

1. Size: Bigger basements usually require more labor, materials, and time. This means you'll have to fork over more money. Additionally, if you have specific customization requests and a bigger basement, it will cost you more. 

2. Basement condition: If your basement has outdated electrical systems, mold, or water damage, there is a high chance you will need additional work to make it habitable. Unfortunately, this means costs will be higher during remodeling, especially if these issues are uncovered mid-renovation. 

3. Layout and design complexity: Simple basement remodels cost less than complex designs. For example, open-plan basement renovations don’t cost as much as multi-room basement designs featuring things like a bedroom, kitchenette, and bathroom, so keep this in mind. 

4. Finishing materials: The type of flooring, wall treatments, cabinetry, and fixtures you choose will impact the final cost. For example, choosing luxury finishes like natural stone or hardwood will raise the budget compared to vinyl or laminate.

5. Permits: Acquiring basement remodeling permits can increase the costs of a basement finishing project. Depending on where you live in Southern Maryland, you might have to obtain permits for structural modifications, electrical upgrades, and plumbing changes. 

Choose Villa Builders for Your Basement Remodel

A basement remodel can be a daunting and nerve-wracking experience if you don’t know anything about costs. We hope the information we’ve shared on the price of a basement remodel in Southern Maryland will help indicate what to expect. 

However, if you want your own cost breakdown and estimate customized to your needs, you should speak to us at Villa Builders. We are Southern Maryland experts in basement remodeling and can help you achieve your dreams for this often underutilized space in your home.