Cheapest Method Of Finishing A Basement?

 
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Old 02-12-2017, 10:52 PM   #1
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Cheapest Method Of Finishing A Basement?


A friend of a friend's wants their basement finished but they don't have much cash to spare. They need half of it to be turned into living space with an egress window. I ran some numbers in my head and I think they can get away with putting up one wall, a drop ceiling, the egress, and some cheap flooring for around $6,000. I am curious if anyone can think of cheap methods around this that are still nice and last. It is bare bones down there, brick walls and cement floor.
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Old 02-12-2017, 11:00 PM   #2
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Re: Cheapest Method Of Finishing A Basement?


do yourself & your business a favor and quit thinking how cheap you can do something for....

you will be constantly circling the drain with this line of thought.

you also will not have the mind set or ability to attract higher end clients.

it is not your problem if people can not afford what they want...

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Old 02-12-2017, 11:16 PM   #3
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Re: Cheapest Method Of Finishing A Basement?


Stick to the question Griz.

Cover the floor in straw. Put a bucket in the corner. $40 for floor covering, furniture and plumbing.

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Old 02-12-2017, 11:29 PM   #4
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Re: Cheapest Method Of Finishing A Basement?


Quote:
Originally Posted by perkins25 View Post
A friend of a friend's wants their basement finished but they don't have much cash to spare. They need half of it to be turned into living space with an egress window. I ran some numbers in my head and I think they can get away with putting up one wall, a drop ceiling, the egress, and some cheap flooring for around $6,000. I am curious if anyone can think of cheap methods around this that are still nice and last. It is bare bones down there, brick walls and cement floor.
If you figure out how to finish a basement for 6k you can come do mine. If I do it myself it will cost twice that. Let me know hoe your schedule is looking.
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Old 02-13-2017, 07:19 AM   #5
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Re: Cheapest Method Of Finishing A Basement?


No cheap way to do a basement and have it look nice and last. I would suggest that they maybe to it in stages. Do the egress windows , insulate and fir walls out , electrical work, drywall, then flooring last. Do it right the first time so not wasting money redoing things later on because things where done cheap. Helping him out as a friend is all well and fine,but you still need to make a living too. I guy can only afford so many friend to help out when in business.
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Old 02-13-2017, 06:20 PM   #6
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Re: Cheapest Method Of Finishing A Basement?


The lowest I have seen done for a complete finish is around $16 k and that was for a small area. If you are taking bare minimal living you can probably get away with half but you have to buy wholesale and do the labor yourself.
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Old 02-13-2017, 06:40 PM   #7
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Re: Cheapest Method Of Finishing A Basement?


Slap a coat of paint on everything (including floor, ceiling joists) and add proper electrical (lighting, receptacles). They can get their own carpet remnant.
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Old 02-13-2017, 11:06 PM   #8
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Re: Cheapest Method Of Finishing A Basement?


Are you using minimum wage for those numbers in your head? Sometimes I wonder if we're being punked by some of the questions around here.
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Old 02-14-2017, 10:34 AM   #9
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Re: Cheapest Method Of Finishing A Basement?


Have them do the work themselves and buy what they need on a rolling basis as they can afford it.

As others have said define livable, paint everything up nice install lights and outlets and throw down some area rugs you can live in that won't be the nicest but it is livable.

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Old 02-14-2017, 07:22 PM   #10
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Re: Cheapest Method Of Finishing A Basement?


Drop ceilings can be done on a budget so long as you don't plant on moving around electrical. The wall, the window, and the floor is what will get you. Does this plan include rewiring electrical, cause that right there can cost $3,000+ with materials.
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Old 02-20-2017, 06:19 PM   #11
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Re: Cheapest Method Of Finishing A Basement?


Quote:
Originally Posted by FrankSmith View Post
If you figure out how to finish a basement for 6k you can come do mine. If I do it myself it will cost twice that. Let me know hoe your schedule is looking.
Egress, Drop ceiling, wall to divide the space up, and doors. No flooring or "prettying up" the outer brick walls. Just going to paint them. That is where I got the number. This is the cheaper end of it, I am aware.
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Old 02-20-2017, 06:22 PM   #12
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Re: Cheapest Method Of Finishing A Basement?


To fix any confusion here... I am not talking about something like this:


More like this with a drop ceiling and some drywall:
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Old 02-20-2017, 06:40 PM   #13
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Re: Cheapest Method Of Finishing A Basement?


Quote:
Originally Posted by perkins25 View Post
To fix any confusion here... I am not talking about something like this:


More like this with a drop ceiling and some drywall:
Then I guess you have your answer...
Quote:
Originally Posted by MarkJames View Post
Slap a coat of paint on everything (including floor, ceiling joists) and add proper electrical (lighting, receptacles). They can get their own carpet remnant.
Well, maybe except for paint on the floor...


IDK... Craigslist for materials?

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Old 02-20-2017, 07:39 PM   #14
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Re: Cheapest Method Of Finishing A Basement?


How many sf you talking about?

Build one wall interior wall, How long and how tall ? Frame it, anchor it, hang and finish drywall then paint. How long you figure that will take you?

Drywalling all the cement walls? You'll need fur strips or framing to hang the sheetrock, then tape, mud and finish that too. Paint.

Any electrical additions ? if yes, add in more materials and labor. Hiring an electrician or are you planning to do it yourself and take on the liability issue ?

Inspections/Permits ? You can have the owner pull them. Or not. eek.

Have you ever put in a drop ceiling before ? if not if may consume more time than you think ?

I don't think $6k is even close. The only way I'd consider doing something like that is if I were a greenhorn, didn't know what I was doing and wanted to learn/experiment. This way you gain some knowledge and skill and maybe make a little profit off it. OTOH I have seen some butcher-workers come in and bang out a fast and crappy job and make a profit. And beleive it or not sometimes the homeowners love it. I just shake my head when that happens.
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Old 02-22-2017, 09:31 AM   #15
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Re: Cheapest Method Of Finishing A Basement?


Quote:
Originally Posted by MarkJames View Post
Slap a coat of paint on everything (including floor, ceiling joists) and add proper electrical (lighting, receptacles).
No need to get extravagant. Extension cords and floor lighting from a second hand store will work fine. They also make plastic folding partitions so they can have as many rooms as they want.
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Old 02-22-2017, 05:44 PM   #16
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Re: Cheapest Method Of Finishing A Basement?


Quote:
Originally Posted by kirkdc View Post
How many sf you talking about?

Build one wall interior wall, How long and how tall ? Frame it, anchor it, hang and finish drywall then paint. How long you figure that will take you?

Drywalling all the cement walls? You'll need fur strips or framing to hang the sheetrock, then tape, mud and finish that too. Paint.



.
Look at Mr fancy with his fur strips, never just used some PL adhesive and some tapcons direct to the concrete?


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Old 02-22-2017, 05:49 PM   #17
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Re: Cheapest Method Of Finishing A Basement?


The people that 'cry' they have no money are the first to 'cry' that the job did not come out to there expectations and want you to 'fix' it on your 'dime'.
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Old 03-02-2017, 01:50 PM   #18
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Re: Cheapest Method Of Finishing A Basement?


Quote:
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A friend of a friend's wants their basement finished....
Unless this is a best friend that you plan to help for the ole pizza and beer special, this job is one to run from. The only way to do anything for this "friend of a friend" is let them know it can't be done on a 6K budget.
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Old 03-09-2017, 11:01 AM   #19
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Re: Cheapest Method Of Finishing A Basement?


For the record, seven years ago, I finished my 400 square foot basement.

I spent 350 on having the sheet rock hung, spent 350 on an under the table electrician to wire cans.

I framed the walls for electrical and rock. I taped and textured the rock, painted walls, painted concrete floors. Installed two kitchen cabinets and laminate top. Installed basemolding and a new door. And bought the cheapest fridge and oven money could buy. Total cost 5k. Not including any value for the 120 hours I spent working on it.

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Old 03-27-2017, 06:48 PM   #20
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Re: Cheapest Method Of Finishing A Basement?


Drylock and old curtains

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