Thinking about finishing your basement but not sure where to start with your budget? You’re not alone. In Colorado, remodeling a basement can cost anywhere from $55 to $105 per square foot, depending on layout, finishes, and features. That means even a modest 800-square-foot project can range between $44,000 and $84,000.
Before diving in, it’s essential to build a clear, realistic budget that accounts for design, construction, contingencies, and your must-have features. ElkStone Basements works with Colorado homeowners every day to deliver high-quality remodels—on time, and within budget. Here’s how to make the numbers work for you.
Quick Budget Snapshot
| Basement Size | Basic Finish | Mid-Level Finish | High-End Finish |
| 600 sq.ft. | ~$26K–$38K | ~$36K–$45K | ~$45K–$63K |
| 800 sq. ft. | $44K–$52K | $58K–$72K | $75K–$90K |
| 1,000 sq. ft. | $55K–$65K | $70K–$85K | $85K–$105K |
| 1,200 sq. ft. | $66K–$78K | $82K–$95K | $95K–$125K |
Includes: Labor, materials, insulation, electrical, drywall, flooring, bathroom, and basic finishes
Excludes: Luxury custom features, extensive structural work, high-end HVAC systems
Define What You Need vs. What You Want
Before you crunch the numbers, clearly outline what your basement must have versus what would be nice to have.
Start with must-haves:
- One full bathroom
- One bedroom or guest suite
- Family room or multipurpose space
- Insulation and soundproofing
- Code-compliant egress windows
Then layer in wants:
- Wet bar or kitchenette
- Theater room
- Built-in shelving
- Gym space or home office
- Luxury vinyl flooring, tile accents, or custom millwork
ElkStone’s design process helps homeowners prioritize features based on lifestyle and budget—while staying flexible for upgrades later.
Understand What Drives Basement Remodel Costs
Basement remodeling in Colorado involves several cost variables. Being aware of them ahead of time can help you make informed decisions.
Top Cost Drivers
- Square footage (more space = higher cost)
- Number of rooms and bathrooms
- Plumbing and HVAC additions
- Type of flooring and finishes
- Wall modifications or structural work
- Custom elements (built-ins, bars, etc.)
Local Factors in Colorado
- Soil conditions in Denver and the Front Range can impact foundation prep
- Energy-efficiency codes may affect insulation and HVAC choices
- Seasonal timing can influence material availability and labor rates
Budget for the Unexpected
Even the most carefully planned remodel can uncover surprises—especially in older Colorado homes. Building in a 10–15% contingency is smart budgeting.
Common surprises to plan for:
- Mold or moisture issues
- Old electrical or plumbing
- Permit or inspection delays
- Design changes mid-project
ElkStone Basements provides detailed cost projections and keeps homeowners informed every step of the way—so there are no surprises that affect your bottom line.
Work With a Transparent, Local Builder
Hiring a contractor with local expertise and upfront pricing is key to staying on budget. ElkStone Basements has decades of experience remodeling basements across Colorado and understands both building codes and homeowner expectations.
What ElkStone Offers:
- Free initial consultations to assess scope and budget
- Accurate cost estimates with line-item breakdowns
- Design-to-build services that streamline project flow
- Clear communication about changes, timelines, and costs
Staying on Budget Without Compromise
“We thought we’d have to cut corners to finish our basement, but ElkStone helped us stick to a budget and still get everything we wanted—bathroom, rec area, and even a mini bar. The cost estimate was accurate from the start, and there were no hidden surprises. We highly recommend them.” – S. Hayward, Highlands Ranch, CO
What Colorado Homeowners Are Asking About Remodeling Budgets
How much does it really cost to finish a basement in Colorado?
Most ElkStone remodels fall between $55–$105 per square foot, depending on layout and finishes.
Is it cheaper to remodel in winter?
Sometimes. Contractors often have more flexibility during colder months, and material pricing may fluctuate based on demand.
Can I save money by doing part of the work myself?
Possibly, but only in non-structural areas. ElkStone ensures all structural, plumbing, and electrical work meets code—DIY shortcuts can be costly down the road.
How long will the remodel take?
Most full basement remodels are completed in 6 to 8 weeks. Larger or custom projects may take longer.
Ready to Start Planning? ElkStone Helps You Budget with Confidence
A great remodel starts with a smart budget. ElkStone Basements makes it easy to plan, design, and build a basement that fits your lifestyle—and your financial goals. From Boulder to Colorado Springs, ElkStone is Colorado’s trusted name for stress-free, budget-conscious basement remodels.
Call (720) 649-6274 to schedule your consultation and get a custom budget estimate today.
Recent Comments