Finishing your basement is one of the most cost-effective ways to increase usable living space in your home, and in a place like Highlands Ranch, CO, where property value is premium, it’s a smart investment. But before you start framing walls or shopping for flooring, one critical question comes to mind: how much does it cost to finish a basement?
The answer depends on several factors, including the size of your basement, your design goals, and local labor and material costs.
In this article, we’ll break down the cost ranges you can expect in Highlands Ranch, explain what drives those prices, and help you plan your basement remodel with confidence.
Average Basement Finishing Costs in Highlands Ranch
On average, homeowners in Highlands Ranch can expect to pay between $50 and $90 per square foot to finish a basement. For a 1,000-square-foot basement, that totals $50,000 to $90,000, depending on the complexity of the project.
Here’s a general breakdown:
- Basic finish: $20,000–$45,000
- Mid-range remodel: $45,000–$75,000
- High-end finish (custom rooms, wet bars, etc.): $75,000–$120,000+
Keep in mind that these prices reflect full finishes, including framing, drywall, electrical, plumbing, flooring, insulation, and fixtures.
What Impacts the Cost of Finishing a Basement?
Several key factors influence how much it costs to finish a basement in Highlands Ranch:
1. Size of the Basement
Naturally, a larger basement requires more materials and labor. Even minor square footage increases can push the budget significantly.
2. Layout and Design Complexity
A basic open-concept basement will cost far less than a design that includes multiple rooms, a bathroom, a wet bar, a home theater, or a kitchen.
3. Plumbing and Electrical Work
Adding a bathroom or kitchenette? Plumbing installation is one of the costliest parts of a basement remodel, especially if concrete needs to be cut. Likewise, upgrading electrical panels or adding circuits can increase labor costs.
4. Permits and Local Codes
In Highlands Ranch and Douglas County, permits are required for most basement finishing projects. Fees and inspections vary but typically range from $500 to $2,000 total.
5. Material Choices
Choosing luxury vinyl plank vs. basic carpet, custom cabinetry vs. open shelving, or stone counters vs. laminate will directly affect your budget.
Is Basement Finishing Worth It?
Absolutely. Finishing a basement not only enhances your lifestyle but also increases home value. In Colorado, finished basements can offer a return on investment (ROI) of 70–75%, depending on the quality of work and features added.
Many Highlands Ranch homeowners turn their basements into:
- Guest suites
- Home offices
- Entertainment rooms
- Rental apartments
- Fitness rooms
It’s a smart move for growing families, remote workers, or homeowners looking to boost resale value.
Tips to Stay on Budget
If you’re worried about costs spiraling out of control, here are some smart tips:
- Work with an experienced contractor like Brothers Construction, who understands local pricing and permitting requirements.
- Prioritize needs over wants; you can always upgrade finishes later.
- Avoid frequent changes once construction starts to minimize delays and extra charges.
- Get a detailed written estimate to compare line items and plan realistically.
Work With Highlands Ranch’s Trusted Basement Contractor
At Brothers Construction, we’ve helped hundreds of homeowners in Highlands Ranch bring their basement visions to life, on time, on budget, and with craftsmanship that lasts. Whether you want a guest suite, home gym, or entertainment space, our team will guide you from design to final inspection.
We handle:
- Custom layouts and finishes
- Permit assistance
- Plumbing, electrical, and framing
- Waterproofing and insulation
- Local code compliance
Ready to transform your basement? Contact us today for a free consultation and personalized estimate.
FAQs About Basement Finishing Costs in Highlands Ranch
How Much Does It Cost to Finish a 1,000 Sq Ft Basement?
Finishing a 1,000 square foot basement in Highlands Ranch typically ranges from $50,000 to $90,000. This price includes framing, drywall, electrical, plumbing, flooring, and insulation. Costs may be higher if you’re adding a bathroom, custom rooms, or high-end finishes. Working with a trusted local contractor ensures accurate pricing and fewer surprises.
Do I Need a Permit to Finish a Basement in Highlands Ranch?
Yes, Douglas County requires building permits for most basement finishing projects. This ensures the remodel meets local building codes, safety standards, and zoning requirements. Inspections are typically needed at various stages (framing, electrical, plumbing, and final). Your contractor should help you handle the permitting process smoothly.
Can I Save Money by Doing Part of the Work Myself?
It’s possible to save by taking on tasks like painting or installing flooring if you have the skills. However, major systems like electrical and plumbing must be done by licensed professionals to meet code. DIY can be cost-effective, but it can also lead to delays or expensive rework if not done properly. Always consult with your contractor before taking on DIY elements.
What Adds the Most Cost to a Basement Remodel?
Adding a bathroom, kitchenette, or wet bar usually adds the most cost due to plumbing and fixture installation. Structural changes, like removing or relocating support beams or HVAC, can also drive up costs. High-end materials and custom cabinetry can quickly increase your final price. Keeping the layout simple and open helps minimize costs.
Is Basement Finishing a Good Investment in Colorado?
Yes, basement finishing in Highlands Ranch offers a strong ROI and is in high demand among homebuyers. A finished basement adds functional space and appeal, especially in growing areas like Highlands Ranch. It can increase your home’s marketability and appraised value. Choosing an experienced builder ensures long-term value and quality craftsmanship.
