The cost of finishing a basement can vary depending on the type and quality of materials, the intended use for the space, and the contractor’s labor rates. According to Bob Vila, costs can range from **$7 to $23 per square foot** for basement finishing.
The average cost for basement remodeling is about **$68,490**. However, according to Home Advisor, the average cost of a fully finished basement is about **$15 per square foot**, or **$15,000** for a 1,000 square-foot space.
Finishing a basement floor costs between **$1,500 and $4,500** on average. For hardwood flooring, homeowners can expect to pay up to **$22 per square foot**.
