Finishing a basement is one of the best ways to add livable space and increase your home's value.
If you're planning a home theater, guest suite, or entertainment area, understanding the costs involved is essential. Let’s break down what you need to know about finishing a basement in Missouri.
How Much Does It Cost to Finish a Basement?
The cost of finishing a basement in Missouri varies widely based on size, materials, and the level of customization. On average, homeowners spend between $50,000 and $100,000 to finish a basement. Basic finishes (involving some DIY) with drywall, flooring, and lighting may cost closer to $20,000 to $30,000, while high-end projects with custom features can exceed $100,000.
What Is the Most Expensive Part of Finishing a Basement?
The most costly aspects of finishing a basement typically include:
Framing and Drywall – Creating separate rooms and defining spaces adds to labor and material costs.
HVAC, Plumbing, and Electrical Work – Extending heating, cooling, and electrical systems can be a significant expense.
Flooring – Luxury vinyl, tile, or engineered wood flooring adds durability but increases costs.
Bathroom Additions – Installing a bathroom in the basement requires plumbing work, which can be expensive.
Custom Features – Bars, theaters, and built-ins can raise the price significantly.
Is Finishing a Basement Worth the Money?
Yes! A finished basement can provide extra living space, increase home value, and improve functionality. Homeowners typically see a 70-75% return on investment (ROI) when selling a home with a finished basement. Plus, it can serve as a guest suite, rental unit, or entertainment area for additional income opportunities.
How Much Value Does a Finished Basement Add?
On average, a finished basement can increase your home’s value by 10-20%, depending on the quality of the renovation and local market trends in Missouri. If done right, a basement remodel can make your home more attractive to buyers, offering additional usable square footage without expanding the home's footprint.
How Long Does It Take to Finish a Basement?
A basement finishing project typically takes 6 to 12 weeks, depending on the scope of work. Factors affecting the timeline include:
Size of the Basement – Larger basements take longer to complete.
Complexity of Design – Custom features like bars, theaters, and bathrooms add to the timeframe.
Permits & Inspections – Some municipalities require multiple inspections, which can extend the process.
Contractor Availability – Hiring an experienced contractor like Morganco Design Build ensures efficiency and quality work.
Does a Finished Basement Count as Square Footage?
This depends on local real estate guidelines. In Missouri, finished basements generally do not count as part of a home’s official square footage since square footage usually only includes above-grade (above ground) living space. Even fully finished basements are often excluded from the total square footage if they are below-grade
Do I Need a Permit to Finish My Basement?
Yes. Most Missouri municipalities require permits for basement finishing projects, especially if you're adding electrical, plumbing, or structural changes. Working with a professional contractor ensures compliance with local building codes and avoids costly mistakes.
Finishing your basement is a smart investment that adds livable space and boosts your home’s value. If you want a cozy retreat or a high-end entertainment area, Morganco Design Build is here to help. Contact us today for a consultation and get started on your dream basement in Missouri!